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Defaulters beware: Unpaid loans of Rs 50,000 crore under watch

Defaulters beware: Unpaid loans of Rs 50,000 crore under watch

Friday, March 10, 2017, 12:44 PM

The government and banks are preparing the ground to take tough action on bank loan borrowers who are capable of repaying but have defaulted. Banking industry sources said that the government has collated details on bad loans worth nearly Rs 50,000 crore that need immediate action against promoters and directors of chronic defaulters.
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