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IL&FS' lenders to feel heat of defaults in Q2, see dent in capital adequacy

Provision for bond value erosion to hit treasury income

Topics
Uday Kotak  |  Nclt  |  Il&fs

Abhijit Lele  |  Mumbai 


The lenders, especially public sector banks (PSBs) and institutions with exposure (loans and debt) worth Rs 570 billion, to Infrastructure Leasing and Financial Services (IL&FS) will feel the heat of defaults in the financial year's second quarter ended September.

They might have to set aside additional capital for default grade loans and for mark-to-market (recalculating assets at current values) provisioning for erosion in the value of bonds of IL&FS group entities. PSB executives said loans to the group holding company, IL&FS, and entities might ...

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First Published: Wed, October 03 2018. 00:10 IST

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