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RBI supersedes board of DHFL, appoints R Subramaniakumar as new administrator

Updated : November 21, 2019 08:34 AM IST

RBI appointed R Subramaniakumar, former CEO and managing director of Indian Overseas Bank, the new administrator of the DHFL with all the powers of the board.
DHFL owes over Rs 38,000 crore to banks alone and has over Rs 85,000 crore liabilities in total.
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