...... The development comes in the backdrop of reported refusal by Mallya to stand personal guarantee for fresh funding and the lenders' insistence on the promoter brining in at least 25 percent of its funding needs as fresh equity. It may also be recalled that RBI Deputy Governor K C Chakrabarty's had on Wednesday in Bangalore that "banks are commercial entities. If they feel that by supporting a unit, the unit can survive, they must explore that possibility. Banks are risk-taking entities".......
Read..........
No comments:
Post a Comment