IL&FS debt crisis: FinMin, NBFCs work on ways to ease liquidity crunch, but RBI norms may play spoilsport

It may be noted that the banks have almost stopped lending to HFCs and NBFCs after the defaults by IL&FS and its subsidiaries, which has led to a liquidity crisis in the market and made tough for the small lenders to do a normal business ahead of the festive season.

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