Chennai: Housing finance firm DHFL has refuted ‘unwarranted speculation’ over its debt repayment ability, saying it has made payments of over Rs 30,000 crore towards interest and principal since September last year.
DHFL was in news for liquidity issues and allegations of siphoning off bank loans through layers of shell companies. In a regulatory filing, DHFL said that over the last one week there has been a lot of unwarranted speculations in the market about continuous weakening of DHFL’s credit profile as a servicer.
“We would like to place on record that the slowdown in business activity in the industry has not had any adverse impact on DHFL’s debt repayment ability or loan servicing and collections of the company,” it said.
Since 24 September, the company said, it has made more than Rs 30,000 crore of principal and interest payments to its creditors including its fixed deposit holders.
“Please note that from a servicing standpoint, collection efficiency has remained over 99 per cent every month since September 2018,” it added.