Forced Insolvencies to Help Punjab National Avoid Huge Haircuts - Bl...

01/01/18


Bloomberg

Forced Insolvencies to Help Punjab National Avoid Huge Haircuts
Bloomberg
Punjab National Bank, India's second-largest state-run lender, will be able to avoid massive losses after the government forced delinquent borrowers to repay loans or face liquidation proceedings under a new law. The interest and bids received so far ...

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