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Banks and MFIs clash over personal guarantee in CDR

Ahead of the deadline (June 06) for loan-restructuring as mandated by the Reserve Bank of India (RBI), promoters of microfinance companies (MFIs) and banks are yet to reach any conclusion over Personal Guarantee in corporate debt restructuring (CDR), reported CNBC TV18 quoting sources.

first published: May 20, 2011 10:22 am

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