{"id":3834,"date":"2019-08-21T06:35:42","date_gmt":"2019-08-21T06:35:42","guid":{"rendered":"https:\/\/ncrfrontlinenews.com\/?p=3834"},"modified":"2019-08-21T06:35:42","modified_gmt":"2019-08-21T06:35:42","slug":"ilfs-did-not-disclose-npas-for-4-years-rbi","status":"publish","type":"post","link":"https:\/\/ncrfrontlinenews.com\/?p=3834","title":{"rendered":"IL&amp;FS did not disclose NPAs for 4 years: RBI"},"content":{"rendered":"<p><strong>New Delhi, <\/strong>The IL&amp;FS had not disclosed any NPAs for the last four years, the Reserve Bank of India (RBI) has said in a report.<\/p>\n<p>The report is based on inspection of IL&amp;FS and IFIN and this has been conveyed by the new board of the IL&amp;FS to the NCLT.<\/p>\n<p>&#8220;Wide divergences were observed between reported and assessed position of assets classification and provisions,&#8221; the 5th progress report of IL&amp;FS stated, quoting the RBI inspection.<\/p>\n<p>Further, the IL&amp;FS and RBI report highlighted various lapses and instances of mismanagement of the affairs of IL&amp;FS and its group entities by the erstwhile board of IL&amp;FS.<\/p>\n<p>Apart from an interim report submitted by SFIO in November 2018, the audit panel of IL&amp;FS appointed Grant and Thornton India LLP in January this year to conduct a special audit for all high value transactions of IL&amp;FS and group companies for period April 2013-September 2019. This also includes special audit for IL&amp;FS Financial Services.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi, The IL&amp;FS had not disclosed any NPAs for the last four years, the Reserve Bank of India (RBI) has said in a report. The report is based on inspection of IL&amp;FS and IFIN and this has been conveyed by the new board of the IL&amp;FS to the NCLT. &#8220;Wide divergences were observed between [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3835,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"post-3834","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"_links":{"self":[{"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/posts\/3834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3834"}],"version-history":[{"count":1,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/posts\/3834\/revisions"}],"predecessor-version":[{"id":3836,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/posts\/3834\/revisions\/3836"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/media\/3835"}],"wp:attachment":[{"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}