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RBI Directs Banks To Disclose Exposure To IL&FS Separately

RBI asks banks to disclose details of overdue loans to IL&FS separately.

Advait Rao Palepu
Road construction takes place near the IL&FS building, in Mumbai, India. (Photographer: Abhijit Bhatlekar/Bloomberg News)

The Reserve Bank of India has directed banks to disclose overdue loans to the Infrastructure Leasing and Financial Services group in their ‘notes to accounts’ to avoid any underreporting of non-performing assets.

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