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Need to sort legal issues before targeting UBHL: United Bk

RBI has issued clarification on 'wilful defaulter' tag wherein it allowed banks to include key executives in the management as defaulters too. The central bank also wants banks to name non-group entities as ‘wilful defaulters‘ if they have given guarantees and don‘t pay up when the original party defaults.

first published: Sep 10, 2014 12:04 pm

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