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IL&FS may not have disclosed bad loans for 4 years: RBI
short by Anushka Dixit / on 15 Aug 2019,Thursday
The Reserve Bank of India (RBI) on Wednesday said IL&FS may not have disclosed bad loans on its books in four years to March 2018. It added that there was a wide variation observed between the reported and assessed position of asset classification, at over 70% of loans. IL&FS collapsed last year after it defaulted on some of its debt.
short by Anushka Dixit / 11:10 pm on 15 Aug
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