Govt forc­ing LIC, SBI to bail out IL&FS: Cong

Business Standard - - FRONT PAGE -

The Congress has ac­cused the Cen­tre of pres­sur­ing LIC and SBI to bail out­the deb­trid­den In­fra­struc­ture Leas­ing & Fi­nan­cial Ser­vices (IL&FS) group. Mum­bai Congress Pres­i­dent San­jay Niru­pam said "bank­ruptcy" atthe in­fra­struc­ture lend­ing gi­ant­was a re­sult of "poor" cor­po­rate gov­er­nance atthe com­pany un­der­the present gov­ern­ment.

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