UAE banks to launch legal proceedings against Indian defaulters.
BANKING AND CREDIT NEWS-February 10, 2020--UAE banks to launch legal proceedings against Indian defaulters
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Global Banking News - 10 February 2020
Commercial banks in the UAE are to initiate legal proceedings against Indian defaulters.
A number of UAE banks are said to be preparing to initiate legal action against loan defaulters including retail borrowers. It is believed that defaulted retail loans in excess of AEDA250,000 will be the banks' focus.
Indian borrowers who...
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