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Dewan Housing Finance denies media report of clean chit by regulator

A consortium of 33 lenders, led by Union Bank of India, was said to have given a clean chit to the company after they heard an independent auditor report in a meeting.

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DHFL plans to raise ~2,000 crore by March 2019 to meet its short-term liabilities

Reuters
Dewan Housing Finance Corp Ltd (DHFL) denied on Thursday a media report that the country's housing regulator gave it a clean chit after allegations the mortgage lender had created shell companies to divert funds.

The Economic Times (ET) had reported on Thursday the National Housing Bank (NHB) has concluded its inspection of DHFL books and is said not to have identified any major deviation.

A consortium of 33 lenders, led by Union Bank of India, was said to have given a clean chit to the company after they heard an independent auditor report in a meeting on Tuesday, the ET report added.

DHFL