Infrastructure Leasing & Financial Services Ltd (IL&FS) and its subsidiaries are strapped for cash and have missed debt repayments, making investors and the credit markets jittery. Over the past three years, IL&FS’ total debt has jumped 44 per cent — to Rs 910.913 billion at the end of March 2018 from Rs 631.14 billion at the end of March 2015. There have been assurances of liquidity support and capital infusion, but in the absence of any concrete action so far, investors have started doubting the promises. The focus now is on the Reserve Bank of India's (RBI's) summons to IL&FS

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