Maybe don't humour those without a sense of humour
Interesting and cunning. But it appears edelweiss is rotating the bad loan between its group entities.
Does the loan recovery ever happen? And how does edelweiss gain from this?
Doesn’t the borrower come out ahead as they essentially do not repay their loan from their own funds?
Thanks for such an informative read and adding the graph (pic) as well, it makes more easier to understand the modus operandi.
Makes me think how many more financial institutions would be doing the same way, good on RBI for the action. Way too gooo!
I had worked for 4 yrs in the the firm front office. They were doing it long before I moved on and I am sire they will find ways to continue in future. They are very smart that way.
Interesting and cunning. But it appears edelweiss is rotating the bad loan between its group entities.
Does the loan recovery ever happen? And how does edelweiss gain from this?
Doesn’t the borrower come out ahead as they essentially do not repay their loan from their own funds?
Thanks for such an informative read and adding the graph (pic) as well, it makes more easier to understand the modus operandi.
Makes me think how many more financial institutions would be doing the same way, good on RBI for the action. Way too gooo!
I had worked for 4 yrs in the the firm front office. They were doing it long before I moved on and I am sire they will find ways to continue in future. They are very smart that way.