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Exposure to cash-strapped IL&FS is standard now, says Bank of Baroda

IL&FS is facing serious liquidity issues and it, along with its subsidiaries, has defaulted on various debt repayments

Equity  |  Nbfcs  |  Bank Of Baroda

Abhijit Lele  |  Mumbai 

Public sector lender Bank of Baroda on Tuesday said that its exposure (credit) to cash-strapped Infrastructure Leasing and Financial Services (IL&FS) is standard and it continues to lend to non-banking finance companies (NBFCs). “The bank has exposure to IL&FS.

The accounts that we have with IL&FS and all other NBFCs are fully performing,” BoB Managing Director and Chief Executive Officer, P S Jayakumar, told mediapersons after launching Baroda Kisan Diwas. He said the bank’s exposure is balanced and it has enough capital to take care of any stress scenario. ...

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First Published: Wed, October 10 2018. 05:31 IST