IL&FS Financial Services’ exposure to group companies breaches RBI norms in FY 16-18, says Board

The new board of the troubled IL&FS has found that one of the group subsidiaries, IL&FS Financial Services' (IFIN) outstanding loans and investments to other group entities are much higher than the permissible regulatory caps for the three years ending fiscal 2018.

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