RBI asked Banks to disclose IL and FS NPA details in results
Published: April 26, 2019
The Reserve Bank of India has asked banks and financial institutions to disclose the NPA stemming from their exposure to troubled infrastructure conglomerate Infrastructure Leasing & Financial Services Limited and its group entities in their upcoming results. New directions are as per the order of the National Company Law Appellate Tribunal, which asked banks not to declare their loans to the company and group as NPAs.
Topics: Bank • Banking • Economic history of Italy • Economy • Finance • Financial services • Infrastructure Leasing & Financial Services • Infrastructure Leasing & Financial Services Limited • Reserve Bank of India