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IL&FS Crisis: Lenders Asked To Classify Loans To Firm As Non-Performing, Says Report

IL&FS lenders will have to set aside additional capital to provision for the soured loans
IL&FS lenders will have to set aside additional capital to provision for the soured loans
The Reserve Bank of India (RBI) has asked lenders of Infrastructure Leasing and Financial Services (IL&FS) to classify loans extended to the bankrupt shadow banking firm as non-performing, two sources with direct knowledge of the matter told Reuters on Tuesday.
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