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IL&FS Mess: If 90% of Lending by IL&FS Financial Services Are Bad; It Shows Deep Corruption Within

It now appears that as much as 90% of the loans advanced by IL&FS Financial Services Ltd (IFIN), the lending arm of the infrastructure conglomerate, Infrastructure Leasing and Financial Services Ltd (IL&FS) have turned bad. This again underlines the deep corruption and culpability of the previous management.

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