Thursday, November 15, 2012

MAJORS CORPORATE DEFAULTS TO BANKS- CENTRAL GOVERNMENT TO PUT SAFEGUARDS

The finance ministry is set to review the process adopted by state-run banks to assess loans after
it found that these lenders are saddled with the biggest cases of corporate defaults amounting
Rs 13000 Cr. by way of loans given by banks to Deccan Holdings, Kingfisher Airlines and Zoom
Developers.

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