"The guarantee is a big issue no doubt but the fact of the matter is that NARCL has taken too long to conduct due diligence and make concrete offers," said a person familiar with the matter. "And even when they have made offers, those have been too little for banks to take a call which has meant an unecessary back and forth. All these factors have jeapordised the NARCL idea."from Banking/Finance-Industry-Economic Times https://ift.tt/Tbqvj5s
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