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Get to know Dewan Housing Finance

Founded in 1984 by Rajesh Kumar Wadhawan, Dewan Housing Finance Corporation Ltd. (DHFL) was one of India's leading housing finance companies. Its mission was to provide affordable housing finance to lower and middle-income groups in semi-urban and rural parts of India. The company grew significantly over three decades, offering a range of products including home loans, property loans, and fixed deposits. However, in 2019, the company defaulted on its debt payments, leading to a severe liquidity crisis and revelations of major financial irregularities. The Reserve Bank of India (RBI) superseded its board and initiated insolvency proceedings, making it the first financial services firm to be resolved under India's Insolvency and Bankruptcy Code (IBC). In 2021, Piramal Group's bid to acquire the company was approved, and DHFL was subsequently merged with Piramal Capital & Housing Finance Ltd.

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Dewan Housing Finance

India

Founded in

11 Apr 1984 (42 Years)

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

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A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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