Economy 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. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.