Saturday, March 6, 2021

Reliance Home Finance defaults on Rs 40 crore loan repayment to Punjab & Sind Bank

The company's total obligation is of Rs 200 crore on a 5-year tenure secured term loan at 9.25 per cent per annum from Punjab & Sind Bank, RHFL said in a regulatory filing. The company has net cash (including cash equivalent, liquid mutual fund investments, fixed deposits etc) of more than Rs 1,500 crore.

source https://economictimes.indiatimes.com/industry/banking/finance/reliance-home-finance-defaults-on-rs-40-crore-loan-repayment-to-punjab-sind-bank/articleshow/81366967.cms

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