Banks go after promoter trusts of firms having stressed loans
Banks go after promoter trusts of firms having stressed loans SECTIONS Share Synopsis In the last few weeks, top banks have been making inquiries in certain cases where businesses have been hit hard by Covid and they even sought additional guarantees to de-risk their loans, say insiders. Even in sales, where promoters are seeking additional loans, the lenders are asking for more collateral or guarantees. Getty Images This comes at a time when several promoters have started creating asset protection trusts where they are parking some of their assets which cannot be touched by any bank or inves...
Source: indiatimes.com