DHFL’s default can accentuate contagion risk; ICICI Bank, HDFC among top picks: CLSA

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DHFL default can expose Rs 1 lakh crore in borrowing to risk of default/haircuts Prefer banks over NBFCs; ICICI, IndusInd, HDFC & ICICI Lombard are top picks CLSA on GAIL

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About 22 mutual funds together owned DHFL paper worth Rs 5236 crore.. its debt instruments to 'default' rating following a delay in interest payments.. could accentuate contagion risk in financial markets,” CLSA said in a client note.. IndusInd, HDFC and ICICI Lombard being its top picks in the sector.

DHFL’s default can accentuate contagion risk; icici Bank, HDFC among top picks: CLSA Money Control ED quizzes ICICI Bank Ex-CEO Chanda Kocchar, husband Deepak Kocchar for 9 hours

CLSA on Financials. DHFL’s default can accentuate contagion risk. expect higher rates & tight liquidity; RBI intervention may be needed. DHFL default can expose Rs 1 lakh crore in borrowing to risk of default/haircuts. Prefer banks over NBFCs; ICICI, IndusInd, HDFC & ICICI Lombard are top picks . CLSA on GAIL

The recent default of around Rs 1,000 crore by Dewan Housing Finance (DHFL) on interest payment to its debenture-holders can accentuate a contagion risk and expose Rs 1-trillion in borrowing to risk of default / haircuts, says a recent report by global research and brokerage firm CLSA.

> DHFLs default can accentuate contagion risk; ICICI Bank, HDFC among top picks: CLSA. DHFLs default can accentuate contagion risk; ICICI Bank, HDFC among top picks: CLSA. may be required as DHFL default can expose Rs 1 lakh crore in borrowing to the risk of default/haircuts.

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