Indian Government Denies Reports of Massive Bank Haircuts on Subhash Chandra Loans

Officials refuted claims that financial institutions absorbed a 99.97% loss on ₹22,000 crore in credit extended to media executive Subhash Chandra, clarifying the actual recovery status.

27 Aug, 16:12 — 27 Aug, 16:12

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moneycontrol1d ago

Claim that banks took 99.97% haircut on Rs 22,000 crore of Subhash Chandra-linked loans incorrect: Govt... - Moneycontrol.com

Claim that banks took 99.97% haircut on Rs 22,000 crore of Subhash Chandra-linked loans incorrect: Govt... Moneycontrol.com

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Indian Government Denies Reports of Massive Bank Haircuts on Subhash Chandra Loans

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Claim that banks took 99.97% haircut on Rs 22,000 crore of Subhash Chandra-linked loans incorrect: Govt... - Moneycontrol.com

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