India: RBI’s takeover of DHFL took its lenders by surprise

India: RBI’s takeover of DHFL took its lenders by surprise

The Reserve Bank of India sprang a surprise on lenders to Dewan Housing Finance Corp. Ltd (DHFL) by superseding its board on Wednesday, four bankers aware of the matter said, even as these bankers were meeting to craft a rescue plan for the troubled lender.

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