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How A Birla Scion Ended Up Being Shut Out Of India’s Banking System
A member of the Birla family now finds himself on the wilful defaulters list
24 Jun 2019, 10:24 AM IST
Every now and then you’ll chance upon a newspaper advertisement by a bank declaring a businessman a wilful defaulter. Sometimes it will come with a picture, which banks believe adds to the pressure on errant borrowers.More often than not you’ll flip the page without much notice.But a similar advertisement earlier this month caught the attention of many. It was an advertisement declaring Yash Birla —the rambunctious heir to the 158-ye...
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