IL&FS: Delays to key India shadow bank insolvency show coronavirus pandemic fallout

Payments to creditors from Infrastructure Leasing & Financial Services Ltd., whose default in September 2018 triggered a lingering credit crisis in India, are likely to spill over to the financial year beginning April 2021, management said in a call on Monday. It had previously aimed to resolve a bulk of those by this month.

from Banking/Finance-Industry-Economic Times https://ift.tt/39dQDpA