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UAE banks get go-ahead to share Winsome information with India

Monday, May 21, 2018, 8:02 AM

In a rare move, the UAE has given its banks go-ahead to share information with India related to Winsome Group the diamond house which is Indias second-largest wilful defaulter after Vijay Mallyas Kingfisher Airlines. About a week ago, the Central Bank of UAE, the countrys banking regulator and monetary authority, communicated its decision to banks, an official of the British bank Standard Chartered told.

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