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Rising liquidity issues in ILFS credit negative for Indian banks, says Moody's Investors Service

Updated : September 19, 2018 03:27 PM IST

The debts incurred by ILFS in the form of bank loans accounted for around 0.5-0.7 percent of overall banking system loans as on March 31, 2018.
Infrastructure Leasing & Finance Services (ILFS) defaulted on a repayment of Rs 100 crore to the Small Industries Development Bank of India (SIDBI) on September 10, 2018.
Rising liquidity issues in ILFS credit negative for Indian banks, says Moody's Investors Service

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