All you need to know about current liquidity crisis at India’s NBFCs

Debt-ridden IL&FS, in which various corporates, as well as mutual funds and insurance firms, had invested through short-term instruments like commercial papers and non-convertible debentures (NCDs), has been defaulting on its several debt-obligations since August.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DivL3C