Weight on Indian fund cos due to NBFC emergency began with IL&FS defaults

Worldwide rating organization Moody's on Monday said pressure on Indian account organizations keeps on working up, with certain banks vigorously presented to non-bank credit suppliers, indicating that India's NBFC emergency is a long way from being done, significantly following a year since the issues started when a significant shadow bank IL&FS Group suddenly defaulted. "Most Asia Pacific (APAC) banks have breezed through Moo....