IL&FS: Delays to key India shadow bank insolvency show coronavirus pandemic fallout - THEMARKETTRENDZ

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Tuesday, 21 July 2020

IL&FS: Delays to key India shadow bank insolvency show coronavirus pandemic fallout

Payments to creditors from Infrastructure Leasing & Financial Services Ltd., whose default in September 2018 triggered a lingering credit crisis in India, are likely to spill over to the financial year beginning April 2021, management said in a call on Monday. It had previously aimed to resolve a bulk of those by this month.

from Banking/Finance-Industry-Economic Times
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