RBI charts IL&FS course

He IL&FS institution is dealing with extreme liquidity crisis and has defaulted on interest fee on diverse debt repayments due to the fact August 27. It has over Rs 91,000 crore in debt on the consolidated stage. The enterprise needs an instantaneous capital infusion of Rs three,000 crore and is planning a Rs 4,500-crore rights issue. On Thursday, IL&FS Financial Services defaulted on bank loans, such as interest of Rs 284.Five crore to 5 banks.The authorities is tracking the scenario of debt-ridden IL&FS and could take appropriate motion to ensure that there is no undue impact at the economic gadget, monetary affairs secretary S.C. Garg said Friday. PTI Dailyhunt https://www.viki.com/users/patricaas/about

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