"Catastrophic Impact" Of IL&FS Meltdown, Government Warned In Sunday SOS | Read

PUBLISHED ON: October 3, 2018 | Duration: 3 min, 12 sec

  
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The government's dramatic takeover of the Infrastructure Leasing & Financial Services (IL&FS) group came within a day of a confidential Finance Ministry note that had warned that "the future impact of more defaults in the group may be catastrophic" for financial stability.

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