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Lenders give DHFL 7 days to present resolution proposal

Updated : July 11, 2019 04:20 PM IST

The core group of lenders comprises of seven largest lenders to DHFL, including State Bank of India, Bank of Baroda, Union Bank of India, Bank of India, Canara Bank, Syndicate Bank and Indian Bank.
Banks have also asked the DHFL promoter to pledge their shares as collateral for any fresh loans, and sign an NDU, or Non-Disposal Undertaking, in favour of the lenders.
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