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.
Source: moneylife.in