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The Latest Blow For Infrastructure Projects — A Shortage Of Bank Guarantees
How a 15 year long court battle resulted in lenders clamping down on bank guarantees.
06 Sep 2019, 02:05 PM IST
Infrastructure projects, already struggling with a host of issues ranging from availability of finance to execution delays, have another problem on their hands.Lenders who, until about a year ago, were willing to provide bank guarantees for projects under implementation, have slowly pulled away from the product since the start of this year.According to three private sector bankers, lenders have been staying away from issuing bank gua...
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