Topworth Group – Banks approach courts to recover debt
MUMBAI/KOLKATA: Additions to India’s bloated bad-loans inventory are unlikely to cease soon, with about a dozen lenders now approaching debt-recovery courts to recover a part of their estimated credit exposure of Rs 17,300 crore to Mumbai-based Topworth. Lenders led by the State Bank of India (SBI) and Punjab National Bank (PNBBSE -2.80 %) are filing […]
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