Controversial Firm DHFL’s Total Loan Portfolio At Rs 95,615 Crore: Government Tells In Lok Sabha, Orders Probe 

Representative image (Twitter/@TimesDemocracy)

The Regional Director (Western Region) of Ministry of Corporate Affairs has conducted an inspection of DHFL and submitted the inspection report to the Finance Ministry and as per that it has a total loan portfolio of Rs 95,615 crore, the Lok Sabha was informed on Monday (25 November).

The Regional Director (Western Region) has conducted an Inspection of DHFL and submitted the inspection report to the Ministry on 24 October 2019. As per the inspection report, the company has taken several loans as on 31 March 2019, the Finance Ministry said in a statement.

It has a total loan portfolio of Rs 95,615 crore which includes housing loans of Rs 44,851 crore, non-housing at Rs 13,590 crore, SME loans Rs 4,924 crore under the retail loans. Under the wholesale loans, housing of residential projects at Rs 15,655 crore, SRA project, 7,021 crore, non-housing at Rs 9,340 crore and commercial at Rs 233 crore.

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The ministry has ordered Investigation of DHFL and 5 other companies namely Immediate Real Estate Pvt. Limited, Tenacity Real Estate Pvt. Limited, RKW Developers Pvt. Limited, Darshan Developers Pvt. Limited, and Rajen Skyscrapers Pvt. Limited to be conducted by SFIO through an order of 6 November, 2019.

The inspection report submitted by the Regional Director (Western Region) has not gone into the involvement of banks and officials, it said.

(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)

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