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DHFL stops fixed deposit withdrawals; should you avoid all company FDs?

Updated : May 28, 2019 12:05 PM IST

The DHFL management said that it took these measures to manage the liquidity crunch and navigate through multiple downgrades by credit evaluators on its debt instruments.
The RBI states that besides these HFCs, 89 non-banking financial companies (NBFCs) have a licence to raise money from the public through FDs. These have raised Rs 32,600 crore in FDs as on September 2018.
Apart from these, and as per data from CARE ratings, scheduled banks and scheduled commercial banks have issued FDs totalling Rs 1.13 lakh crore and Rs 1.10 lakh crore respectively, as on March 31, 2019.
DHFL stops fixed deposit withdrawals; should you avoid all company FDs?
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