Kuwait Re promotes Kumar and Faizan to Senior Underwriters
Kuwait Reinsurance Company K.S.C.P. (Kuwait Re) has announced the promotion of Abhijeet Kumar and Siddiqui Ahmad Faizan to the position of Senior
Source: reinsurancene.ws
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India's Bad Corporate Loans Story Is Marred With Poor Assessment of Funds, Dubious Guarantees
Documents placed before the IDBI Bank's 'wilful defaulters committee' fail to answer a crucial question: Why wasn't the use of funds better monitored and why were forensic audits not ordered before restructuring loans?
Source: thewire.in
The Story behind Corporate Bad Loans: Dubious Assessment, Rampant Diversion of Funds and Meaningless Guarantees
Last week, I wrote about how banks basically accept meaningless personal guarantees from industrialists or their group companies which can never be effectively invoked.
Source: moneylife.in