Latest News on Guarantor
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Jun 10, 2016
No more 'Mallyas': Banks need strict procedures to avoid bogus loan guarantorsStrict procedures are needed to ensure that loan guarantors are in a position to fulfil their liability, and that they are doing so willingly.
May 24, 2016
RBI fixed guarantors' responsibility 2 years ago but not their credentialsIt is good that the RBI in its September 2014 circular went tough on the guarantors of wilful defaulter but it should have at the same time made the credential of a guarantor also clear
May 23, 2016
Farmer’s guarantee for Mallya a cruel joke but Fardeen’s weight gain bigger issueMr Singh’s accounts of Rs 14000 and Rs 4000 were frozen by the Bank of Baroda because the records showed he had pledged to back Vijay Mallya’s defaults, if any.