BANKING

A study by the Indian Institute of Management, Ahmedabad, has found that businesses that have gone through the insolvency process experience significant improvements in their business metrics. However, the new owners of these businesses face challenges when dealing with tax officials, banks, and the RBI. Banks often refuse to remove the "defaulter" tag, making it difficult for these businesses to acquire loans.

from Banking/Finance-Industry-Economic Times https://ift.tt/JKSmYUs
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