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IL&FS antics: Lending behemoth without 'investment policy', says RBI report

Updated : August 21, 2019 09:04 AM IST

The RBI in its investigation report on IL&FS has said, "the company did not have a board-approved 'investment policy'.
The report also pointed out the laxity among the erstwhile board members, including the independent directors, who aided in the unscrupulous misgovernance and benefit of just a few in the top brass.
IL&FS antics: Lending behemoth without 'investment policy', says RBI report

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