IL&FS loan book remains standard: Bank of Baroda

FPJ BureauUpdated: Wednesday, May 29, 2019, 05:39 AM IST
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Mumbai: Bank of Baroda on Tuesday said it’s loan account to Infrastructure Leasing and Financing Services continues to remain standard at present. The state-run lender said it continues to lend to NBFCs and housing finance companies (HFCs). “We do have exposure to IL&FS. As of now, these accounts that we have with IL&FS and all other NBFCs are fully performing. Tomorrow what it will be, we will have to talk tomorrow,” the bank’s managing director and chief executive officer, PS Jayakumar, said. He said the bank’s exposure are balanced and it has enough amount of capital to take care of any stress scenario. IL&FS is facing serious liquidity issues and it, along with its subsidiaries, has defaulted on various debt repayments.

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