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Tag: IL & FS

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  • Financial Jugglery

    Financial Jugglery

    Recently, we witnessed the strange spectacle of our largest insurance company asking for the Government’s permission to take over an almost defunct bank. Even more recently, our biggest bank suddenly became extra keen on acquiring the bad debts of Non-Banking Financial Corporations. These counter-intuitive, Government brokered mega financial deals could perhaps best be described by …

    October 19, 2018