{"id":310014,"date":"2020-01-13T10:36:47","date_gmt":"2020-01-13T05:06:47","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=310014"},"modified":"2020-01-13T11:13:14","modified_gmt":"2020-01-13T05:43:14","slug":"ilfs-financial-services-got-back-rs-1380-crore-of-dues-by-end-november","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ilfs-financial-services-got-back-rs-1380-crore-of-dues-by-end-november\/","title":{"rendered":"IL&amp;FS Financial Services got back Rs 1,380 crore of dues by end-November"},"content":{"rendered":"<p>IL&amp;FS Financial Services (IFIN), the non-banking financial arm of the beleaguered Infrastructure Leasing and Financial Services (IL&amp;FS), says it recovered Rs 1,380 crore till end-November 2019, from around 30 third-party borrowers and group entities. <\/p>\n<p>IFIN has been classified a \u2018red\u2019 entity by the IL&amp;FS board of directors. This means it cannot service debt obligations even towards senior secured financial creditors. <\/p>\n<p>One of the key holding companies in the IL&amp;FS group, it provided loans to various third-party borrowers and many entities of the group. As of end-March 2019, IFIN\u2019s loan book was Rs 12,945 crore; of these, 96 per cent were non-performing. According to the latest report presented by the IL&amp;FS board to the National Company Law Appellate Tribunal, gross non-performing assets (NPAs) were around 97 per cent of the loan exposure (at end-November).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IL&amp;FS Financial Services (IFIN), the non-banking financial arm of the beleaguered Infrastructure Leasing and Financial Services (IL&amp;FS), says it recovered Rs 1,380 crore till end-November 2019, from around 30 third-party borrowers and group entities. IFIN has been classified a \u2018red\u2019 entity by the IL&amp;FS board of directors. This means it cannot service debt obligations even towards senior secured financial creditors. One of the key holding companies in the IL&amp;FS group, it provided loans to various third-party borrowers and many entities of the group. As of end-March 2019, IFIN\u2019s loan book was Rs 12,945 crore; of these, 96 per cent were [&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":[135,130,168],"tags":[],"class_list":["post-310014","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/310014","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=310014"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/310014\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=310014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=310014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=310014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}