UPDATE 4-DHFL shares tank on rating cuts, fan fears of shadow banking crisis in India
Shares of Indian
mortgage lender Dewan Housing Finance Corp Ltd (DHFL)
plunged as much as 18% on Thursday after two major credit
ratings agencies categorised the company’s commercial paper at
default levels, fanning fears of growing distress in the
country’s shadow banking sector.
mortgage lender Dewan Housing Finance Corp Ltd (DHFL)
plunged as much as 18% on Thursday after two major credit
ratings agencies categorised the company’s commercial paper at
default levels, fanning fears of growing distress in the
country’s shadow banking sector.
Posted in: http://feeds.reuters.com/reuters/UKBankingFinancial
