trending Market Intelligence /marketintelligence/en/news-insights/trending/WjSWYev6fMP0akLXMN10lg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Report: Dewan Housing Finance seeks 150B rupees from banks to restart lending

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Report: Dewan Housing Finance seeks 150B rupees from banks to restart lending

Debt-laden mortgage lender Dewan Housing Finance Corp. Ltd. is seeking 150 billion rupees in immediate funding from banks to lend to retail customers, the Press Trust of India reported Aug. 11, citing sources.

The company said the move will finance projects that are in limbo due to lack of funds, said a source.

Dewan Housing has submitted a draft resolution plan to banks requesting funds to restart retail funding, though this is yet to be approved. It has defaulted multiple times on bondholder payments since June and owes close to 900 billion rupees to banks and other creditors.

A company spokesperson declined to comment on the matter.

As of Aug. 9, US$1 was equivalent to 70.98 Indian rupees.