Wednesday, February 23, 2022

IL&FS Financial lenders reject UVARC's ₹370-crore offer

As per the affidavit submitted in the NCLAT by IL&FS, from October 1, 2018 to November 30, 2021, IFIN has been able to recover funds from over 30 borrowers amounting to ₹2,343 crore. The GNPA of the non-bank lender stands at 99% of its total loan exposure.

source https://economictimes.indiatimes.com/industry/banking/finance/ilfs-financial-lenders-reject-uvarcs-370-crore-offer/articleshow/89783899.cms

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