{"id":268009,"date":"2019-04-04T06:56:04","date_gmt":"2019-04-04T06:56:04","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=268009"},"modified":"2019-04-04T06:56:04","modified_gmt":"2019-04-04T06:56:04","slug":"ilfs-financial-services-gnpa-touches-90-in-december-2018-quarter","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ilfs-financial-services-gnpa-touches-90-in-december-2018-quarter\/","title":{"rendered":"IL&amp;FS Financial Services GNPA touches 90% in December 2018 quarter"},"content":{"rendered":"<p>Government appointed board of cash strapped IL&amp;FS Wednesday said the gross non performing loan of it&#8217;s lending arm IL&amp;FS Financial Services (IFIN) has touched unprecedented level of 90 percent in the December, 2018 quarter. <\/p>\n<p>The board led by veteran banker Uday Kotak said that IFIN had reported a gross NPA of 61.8 percent and 5.3 percent in the quarter ended September 2018 and March 2018, respectively. <\/p>\n<p>&#8220;The company which reported a GNPA of 5 percent in March 2018. I have heard double digits NPAs but 90 percent GNPAs is very unusual by any standards. That&#8217;s the challenge that we have faced,&#8221; Kotak, who is the chairman told reporters. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Government appointed board of cash strapped IL&amp;FS Wednesday said the gross non performing loan of it&#8217;s lending arm IL&amp;FS Financial Services (IFIN) has touched unprecedented level of 90 percent in the December, 2018 quarter. The board led by veteran banker Uday Kotak said that IFIN had reported a gross NPA of 61.8 percent and 5.3 percent in the quarter ended September 2018 and March 2018, respectively. &#8220;The company which reported a GNPA of 5 percent in March 2018. I have heard double digits NPAs but 90 percent GNPAs is very unusual by any standards. That&#8217;s the challenge that we have [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,193,136],"tags":[],"class_list":["post-268009","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/268009","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=268009"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/268009\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=268009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=268009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=268009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}