Monday, August 13, 2012

RBI rejects debt SOS from textile companies

........Industry experts believe the RBI rejected the plan because it involved mostly small borrowers who do not have the resources to petition their cause like corporate giants. “Had it been a Kingfisher, the RBI would have considered it,” said S Dhananjayan, a chartered accountant from Tirupur in Tamil Nadu. The town is known as the textile hub of the south............

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