IL&FS says unable to meet interest payment obligation
Infrastructure Leasing & Financial Services (IL&FS) and some its group entities in the past few months have defaulted debt repayments, triggering concerns over liquidity in the financial system.
Jan 18, 2019, 10:30 AM IST
India's shadow banking sector likely to face shake-up after IL&FS default
The NBFC loan books have grown at nearly twice the pace of banks, and the cream of them, including IL&FS, had received top credit ratings.
Sep 28, 2018, 15:03 PM IST
IL&FS looks to exit project financing: Report
The report comes a day after the company`s IL&FS Financial Services Ltd unit said it missed repayments on a host of bank loans and some term deposits due this month.
Sep 28, 2018, 12:31 PM IST
