IL&FS in more trouble: 7 defaults in last 15 days; fails to service yet another short-term deposit today

Cash-strapped Infrastructure Leasing and Finance Services (IL&FS) on Thursday defaulted on Rs 52.43 crore worth of short-term deposits, while the total number of defaults reached seven in last 15 days, Reuters reported.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2N7sOD9