ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Trimming at the Fringe

Trimming at the Fringe AT the end of last month Reserve Bank directed banks to insist on transfer of voting rights attached to shares pledged with them by borrowers and to use the rights with its prior approval. Considering the revelations made in official reports on the Mundhra deal and other attempts at takeovers by equally enterprising speculators, the decision was overdue by at least a decade.

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