Indian Bank says most of its Rs 1,800-crore loan to IL and FS is 'good'
Chennai, Nov 9 : Indian Bank, which has lent over Rs 1,800 crore to Infrastructure Leasing and Financial Services Ltd (IL and FS), on Friday said that most of its loans to the crisis-hit company were 'good'.
She said that one account had turned bad three years ago and that the state-run lender had made necessary provisions.
One loan of Rs 172 crore slipped into the non-performing category recently.
Chunduru said that two more loan accounts totalling about Rs 130 crore were under the watch list.
Indian Bank's total exposure to the non-banking finance companies is Rs 20,477 crore, accounting for 12.40 per cent of its gross advances as of September 30.