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Reserve Bank of India issues directive to IL&FS Financial to cut loans to group companies, says report

Updated : August 21, 2018 09:34 AM IST

RBI has asked IL&FS Financial Services, a non-banking finance company, to cut loans to its parent group entities by March 2019.
The directive comes in accordance with the norm of group debt exposure for NBFCs.
Reserve Bank of India issues directive to IL&FS Financial to cut loans to group companies, says report

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