Bank's exposure to IL&FS group is at 0.35% of loans, says Karnataka Bank
Updated : February 26, 2019 02:20 PM IST
The NCLAT has barred banks and financial institutions from declaring the accounts of IL&FS and its group companies as non-performing assets (NPAs) without NCLAT's permission.
The decision has been taken in the interest of IL&FS debt resolution plan.
Mahabaleshwara MS, managing director and chief executive officer of Karnataka Bank assessed the impact on banks and speaks to CNBC TV18.
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