Ficci pointed out that loan defaults by IL&FS has impacted both banks and bonds with the money market and liquidity funds witnessing a fall in net asset value due to this, creating a panic situation. Ficci has pointed out that if the current crisis of confidence relating to NBFCs is not resolved quickly, it would have serious implications for economy.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2D07D5B
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