Moneycontrol PRO

business

Banks crack whip, meet promoters of indebted cos

Under pressure following the recent controversy over Vijay Mallya's loan default, banks have decided to step up pressure on promoters of highly indebted companies and have come together to tame the NPA issue.

first published: Mar 14, 2016 06:00 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347