Settlement Plan: 'settlement Plan Being Readied' | Kochi News
Thrissur: Officials of scam-hit Karuvannur cooperative bank have now come up with a one-time settlement plan for loan recovery, apparently after it wa.
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Thrissur: Officials of scam-hit Karuvannur cooperative bank have now come up with a one-time settlement plan for loan recovery, apparently after it wa.
FCL, the FMCG arm of the debt-ridden Future Group, had defaulted on Rs 253.95 crore loans and revolving facilities like cash credit from banks and financial institutions as on September 30, a filing said on Thursday.
The company has not yet confirmed the acquisition or potential interest in acquiring The Plaza.
The growth of bad loans is mainly due to the business-politics nexus, lack of corporate governance, and weak judicial system.
This means, banks are likely to write off Sh750 billions