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Labour Min to Lok Sabha: EPFO investments in 5 companies lead to defaults; DHFL, IL&FS, RCap among them
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Labour Min to Lok Sabha: EPFO investments in 5 companies lead to defaults; DHFL, IL&FS, RCap among them
Feb 3, 2021 5:25 AM

EPFO investments in the major Non-banking financial companies have lead to defaults of principal and interest, the Labour Ministry told Lok Sabha on Wednesday.

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According to the ministry, Dewan Housing Finance Corporation (DHFL) is the biggest defaulter with Rs 760.69 crore on line. Infrastructure Leasing & Financial Services Limited (IL&FS) and Reliance Capital Limited both have defaulted on Rs 100 crore and Rs 292 crore, respectively.

Punjab State Industrial Development Corporation Ltd (PSIDC) has defaulted over Rs 2 crore, while Punjab Financial Corporation (PFC) has defaulted on some Rs 0.60 crore.

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First Published:Feb 3, 2021 2:25 PM IST

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