IL&FS crisis: The untold tale behind PM Narendra Modi’s shocking takeover of a risky lender

IL&FS crisis: The troubles at IL&FS had been intensifying since July, when company founder Ravi Parthasarathy stepped down. Defaults from August within the group rattled the money markets, added to pressure on corporate bond yields and sparked a sell-off in the stock market.

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