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SBI Chairman Rajnish Kumar Says DHFL To Be Resolved

SBI Chairman Rajnish Kumar Says DHFL To Be Resolved

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  29 Jun 2019 12:39 PM GMT

New Delhi: SBI Chairman Rajnish Kumar on Friday said the CoC and Resolution Professional’s (RP) decision will be implemented in case of Jet Airways and lenders will decide on next course of action on DHFL and other accounts under RBI’s June 7 circular.

After one -and-half hour long meeting with the banking secretary, Rajeev Kumar here, the SBI chairman said in case of Jet, the resolution plan/process and the RP are involved.

Claims from banks will come by July 4 and the CoC will be constituted and when the stage for EoI comes, the Resolution Professional will invite EoIs. Those who are eligible and will meet the criteria they can give their plans that time.

He said lenders will decide on the future course of action as per the June 7 RBI circular including DHFL.

The NBFC on Friday deferred its Q4 earnings announcement. Its stock tanked 7 per cent. SBI has about Rs 11,000 crore exposure to DHFL and banks have Rs 40,000 crore funds in DHFL. But Dewan Housing is not an NPA in the books of banks, the huge exposure is now giving jitters to bankers. (IANS)

Also Read: State Bank of India (SBI) Mega Customer Meet

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