Lenders consider taking control of fraud-hit Sambandh Finserve

More than 30 lenders have a collective exposure of about Rs 400 crore to the company, which started defaulting since the beginning of this month. Sambandh actually has assets under management of Rs 140 crore, while it officially declared an inflated figure of Rs 383 crore.

from Banking/Finance-Industry-Economic Times https://ift.tt/3kIpqAo