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DHFL lenders sign creditor agreement; may take up to 40% haircut under the resolution plan

Updated : July 08, 2019 11:57 AM IST

Initial estimates done by banks in consultation with Alvarez and Marsel show that banks will have to take a 35 to 40 percent 'haircut' on their exposure.
Kotak Mahindra Bank and DCB Bank were yet to sign the ICA agreement as on July 5, and are expected to do so by Monday.
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