ECGC has insured most of the Rs2,650 crore worth of guarantees that Indian banks extended to the ailing company
Mumbai-based engineering, procurement and construction firm Zoom Developers Pvt. Ltd, which is set to create a Rs2,650 crore hole in the balance sheets of 26 banks, may hit the government-owned Export Credit Guarantee Corp. of India Ltd (ECGC) hard.
Friday, August 6, 2010
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