A bird flies past a signboard of Dewan Housing Finance Corporation Ltd. outside its office on the outskirts of Mumbai, January 31, 2019. REUTERS/Francis Mascarenhas/Files
DHFL, the country’s fourth-biggest housing finance company, has roughly 1 trillion rupees of debt, and owes about 400 billion rupees to banks alone. The company has defaulted on its obligations several times.
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