DHFL seeks intervention from SBI, Union Bank to repay depositors

In letters to the State Bank of India and Union Bank of India, DHFL has sought the lenders’ help to resume repayments to depositors, a process now on hold after a Bombay High Court order. The home financier has cited its adequate cash balance to repay its depositors. DHFL had written letters to SBI’s chairman Rajnish Kumar and Rajkiran Rai G, MD and CEO of UBI.

from Banking/Finance-Industry-Economic Times https://ift.tt/2qsq1iA