Only 50% of Rs 94,000 crore IL&FS debt to be addressed https://ift.tt/2pasOfn - Walletnews For Me

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    Wednesday, October 2, 2019

    Home Business News: Latest News on Business Financial News India Business & World Business News Stock Markets Only 50% of Rs 94,000 crore IL&FS debt to be addressed https://ift.tt/2pasOfn

    Only 50% of Rs 94,000 crore IL&FS debt to be addressed https://ift.tt/2pasOfn

    The IL&FS resolution process is expected to address only half of the group’s debt of Rs 94,000 crore, according to Uday Kotak, the government-appointed chairman of the troubled infrastructure and finance group. The government on Tuesday amended banking laws to enable Kotak to be on the IL&FS board for one more year.
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