Big Enough to Fail Loans

The Economic Times - - The Edit Page -

It is ironic that when Vi­jay Mallya did not de­serve a farthing, he was given crores. Now that he is of­fer­ing part-pay­ment, banks are un­will­ing to ac­cept it. As many as 17 banks re­leased funds against in­tan­gi­bles of a loss­mak­ing com­pany; but now they want a tan­gi­ble, con­crete set­tle­ment pro­posal. It is a moot point whether the num­ber of banks fund­ing a party/group should not be re­stricted to a rea­son­able fig­ure be­cause if a big group be­ing funded by a lot of banks goes down un­der, it may take the banking sys­tem with it­self.

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