 "Rajnish Kumar")
A day after the Reserve Bank decided to refer crippled Dewan Housing Finance to insolvency courts, State Bank of India Chairman Rajnish Kumar said banks expect specified timelines of the Insolvency and Bankruptcy Code be adhered to in this case.
The Mumbai-headquartered pureplay mortgage lender has become the first NBFC or housing finance company to go for bankruptcy resolution.
"It is just taken to NCLT process, so whatever happens for the NCLT process, the same process will be followed here. There is a 330-day timeline that is also an extended timeline otherwise normally it should happen in 180 days. That is what
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