Anand Bhageria (for Info only, not official)

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Anand Bhageria

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    ...borrower, project/business, industry, etc.). The relationship between promoters and banks in India has been considered a long-term marriage as hitherto banks never had access to a credible and effective legal framework to take control away from the errant promoters. The banks, therefore, did the next best thing, i.e. to seek more accountability from promoters in the form of guarantees. During difficult times, banks further perpetuated reliance on the promoters by restructuring loans and seeking more comforts viz. pledge of shares, undertaking to infuse funds, more guarantees, etc. ...

    Live Mint on Oct. 23, 2017, 12:35 a.m.