SEBI to restrict wilful defaulters from raising fresh funds | Reuters

NEW DELHI India will restrict so-called wilful defaulters of bank loans from raising fresh funds by issuing securities through capital markets, the Securities and Exchange Board of India (SEBI) said on Saturday.

The restriction is part of efforts to tackle bad loans hampering state-run banks. Under Indian law, wilful defaulters are classified as firms or individuals who deliberately thwart repayment of dues to lenders.

(Reporting by Neha Dasgupta; Editing by Robert Birsel)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: Mar 12, 2016 15:45 PM

Also Watch

Watch: Firstpost test rides the new Thunderbird 500X in Goa and walks you through the Royal Enfield Garage Cafe
  • Tuesday, April 17, 2018 Varun Dhawan on Shoojit Sircar's October, 5-star reviews and working with Anushka Sharma in Sui Dhaaga
  • Saturday, April 14, 2018 Ambedkar Jayanti: Re-visiting Babasaheb's ideals exposes fake Dalit politics of Rahul Gandhi and Congress
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See