Re­turn

Bank­ing

The Economic Times - - Companies -

Bankers’ woes are many, es­pe­cially when it comes to re­cov­ery — courts, rust­ing as­sets, miss­ing pro­mot­ers. Here is the lat­est ad­di­tion to the list — Amma. A se­nior AIADMK leader has re­fused to go through with a deal in Tamil Nadu to buy a de­faulter’s as­sets af­ter mak­ing part pay­ment. He said the party gen­eral sec­re­tary and Chief Min­is­ter J Jay­alalithaa has mo­bilised ev­ery pos­si­ble penny to re­turn to power, so he needs funds for the up­com­ing assem­bly polls. But what hap­pens if the party loses? Will it be a case of an­other stuck deal?

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