Dewan Housing Finance Limited

I am sure that market knows more about quality of book for HFC lenders than retail investors are privy to.

A few HFCs have fallen prey to unscrupulous builders, who introduce ‘dummy borrowers’ (for a fat commission) as prospective customers. The builder gets bulk low interest funds (at retail rates) from the lender. The builder then tries to find a genuine buyer to sell down the apartment at matching or higher prices. Only if he succeeds, does he repay the HFC

ET article is staying this as fact and not a quote attributed to a person.

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