{"id":263179,"date":"2019-03-08T07:03:04","date_gmt":"2019-03-08T07:03:04","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=263179"},"modified":"2019-03-08T07:03:04","modified_gmt":"2019-03-08T07:03:04","slug":"ilfs-gave-loans-without-adequate-collateral","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ilfs-gave-loans-without-adequate-collateral\/","title":{"rendered":"IL&amp;FS gave loans without adequate collateral"},"content":{"rendered":"<p>NEW DELHI: IL&amp;FS has extended loans without ensuring required asset cover at the time of sanctioning, resulting in the asset-liability mismatch that caused liquidity crisis in the infrastructure and leasing firm, a report has found.<\/p>\n<p>A Grant Thorton interim report has brought to light several instances where loans of up to Rs 2,000 crore were extended by IL&amp;FS to undeserving entities without any security cover or with an inadequate collateral.<\/p>\n<p>Pointing out multiple anomalies in the functioning of the troubled IL&amp;FS group, the report said that &#8220;it appears unusual&#8221; that for 14 per cent of the loans outstanding to the external parties as on September 30, 2018, the collaterals were not secured.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: IL&amp;FS has extended loans without ensuring required asset cover at the time of sanctioning, resulting in the asset-liability mismatch that caused liquidity crisis in the infrastructure and leasing firm, a report has found. A Grant Thorton interim report has brought to light several instances where loans of up to Rs 2,000 crore were extended by IL&amp;FS to undeserving entities without any security cover or with an inadequate collateral. Pointing out multiple anomalies in the functioning of the troubled IL&amp;FS group, the report said that &#8220;it appears unusual&#8221; that for 14 per cent of the loans outstanding to the [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,209,143],"tags":[],"class_list":["post-263179","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-new-indian-express","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/263179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=263179"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/263179\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=263179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=263179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=263179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}