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India's Bad Corporate Loans Story Is Marred With Poor Assessment of Funds, Dubious Guarantees - Vimarsana News

India's Bad Corporate Loans Story Is Marred With Poor Assessment of Funds, Dubious Guarantees

Published: January 6, 2023

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
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The Story behind Corporate Bad Loans: Dubious Assessment, Rampant Diversion of Funds and Meaningless Guarantees - Vimarsana News

The Story behind Corporate Bad Loans: Dubious Assessment, Rampant Diversion of Funds and Meaningless Guarantees

Published: January 4, 2023

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
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Hong KongTata TeleservicesCheema SpintexRavi RuiaVenugopal DhootElection CampaignLife Insurance Corporation Of IndiaBank PrivatisationPunjab National BankPathbreaking Projects LtdEnergy Pvt LtdTechpro Infra Projects LtdTechpro Infrastructure Pvt LtdPower LtdCitizen CommunicationsRealities Pvt LtdTechpro Infotech LtdHuthro Power CorporationSiva IndustriesCheema Spintex LtdStandard Chartered BankEnergy Pvt Ltd Of The SivaDhoot ArrestsLife Insurance CorporationMuch Needed Move