IL&FS default in September 2018 led to spike in market rates, says study1 min read 10 Sep 2019, 08:47 AM IST
'Interest rate spreads increased for players with relatively higher asset liability mismatch (ALM) and high exposure to real estate lending,' it said
Assocham-Crisil study attributed the sharp increase in NCD issuances during the second half of FY19
Defaults by Infrastructure Leasing & Financial Services (IL&FS) in September 2018 led to a dip in investor confidence towards lending to non-banks and a consequent spike in market rates and a slowdown in commercial paper (CP) issuances for non-banks, according to a study by Assocham-Crisil.
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