Experts believe the Centre’s decision to overhaul the company’s board and appoint a new, six-member team led by Uday Kotak, has improved the lenders’ chances of recuperating their money, but haircuts are unavoidable, the report saidILFS lenders looking at a 10-15% haircut; Bank of India, SBI, PNB Yes Bank staring at a hit: Report
Experts believe the Centre’s decision to overhaul the company’s board and appoint a new, six-member team led by Uday Kotak, has improved the lenders’ chances of recuperating their money, but haircuts are unavoidable, the report said
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