Banks List Cos Fit For Management Change
  • Elizabeth George
  • Sep 26 2013

September 26: Banks seem to be finally acting on the directive coming from the finance ministry. Bloomberg TV India learns that banks are examining cases where they could seek change in management and have clearly indicated that there will be no compromise in writing off loans to willful defaulters. However, while there is intent to stand tough on defaulters, banks like SBI are facing legal hurdles in demanding changes from the borrowers.