IL&FS default: SBI offers to buy Rs 45,000 crore worth assets from cash-strapped NBFCs; here’s why

Hit by a series of defaults by debt-ridden IL&FS group, the largest lender in the country SBI has offered to purchase good quality assets worth Rs 45,000 crore from NBFCs.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2ywt0qi