Ilfs Default

Lakshmi Vilas Bank says exposure to IL&FS group standard; shares gain 0.79% to Rs 89

Private sector Lakshmi Vilas Bank said on Monday it has exposure to an IL&FS subsidiary and the loans to the company are standard.

IL&FS independent of govt; capable of handling its issues: Economic affairs secretary Subhash Chandra Garg

Earlier this month, IL&FS Group defaulted on inter-corporate deposits and commercial papers.