DHFL has issued has issued non-convertible dentures (NCDs) worth Rs 10,000 crore with a coupon rate of 9.05-9.25 percent. In an interview with CNBC-TV18, Harshil Mehta said that the company's focus has been on improving its cost of funds and expects a 15-25 basis points (bps) improvement for the same in the short term. In the long term he expects a 100 bps improvement for the cost of funds. Mehta said that the company will looks to pass on the benefit of cost to its customers. On the issue of NCDs he said that DHFL plans to borrow from areas other than banks and intends to bring its bank borrowings to 30-35 percent.
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