Defaulters

Bad loans under Pradhan Mantri Mudra Yojana stands at Rs 7,277 cr till March 2018

Loans extended under PMMY from inception of the scheme up to March 2018 by all member lending institutions (MLIs) were Rs 5.71 lakh crore,

Bankers race to resolve Rs 3.8 trillion bad loans for around 70 accounts as 6-month RBI deadline ends today

Banks are trying to come up with a resolution plan for these accounts as going to NCLT will mean large haircuts.

Chasing all defaulters may chill economic activity, cautions Nitin Gadkari

Gadkari said in a democracy it is also essential to listen to the Opposition and take everybody's views on board for the better benefit of all the people,

Fraud at listed firms: Stock market regulator Sebi to rein in erring auditors, valuers

The proposed move assumes significance as the role of auditors and valuers has come under scanner in a number of high-profile cases such as the Satyam and Kingfisher frauds, as also the PNB scam, WhatsApp leak and the Fortis matter in the recent past

Soon 'payee' in a cheque bounce case will get incentive as govt plans to amend law, fast track trials

Narendra Modi govt plans to amend Negotiable Instrument Act, 1881 to strictly deal with cheque bounce cases

Arun Jaitley says govt has not waived off loans of big NPA defaulters, faults UPA for banking mess

Under the new Insolvency and Bankruptcy Code, cases have been instituted in the National Company Law Tribunal (NCLT) for time-bound recovery from 12 largest defaulters.

Vijay Mallya episode: Law Ministry okays draft bill on fugitive economic offenders

Fugitive Economic Offenders Bill 2017 will give powers to the government to confiscate property of economic offenders and defaulters who flee India, albeit with a new provision

Bank NPAs: RBI has identified second list of large defaulters, says Deputy Governor Viral Acharya

Going forward, the RBI hopes that banks utilise the IBC extensively and file for insolvency proceedings on "their own without waiting for regulatory directions

Milind Deora column: Low lending rates don't mean much; we stigmatise debt while 'king of debt' is US President

Lower interest rates incentivise investments in public equities, leading to lowered dependence on short-term money from foreign institutional investors

Govt will bring down their stake in PSBs to 52% after their health improves: Arun Jaitley

This fiscal, the government has budgeted Rs 10,000 crore of capital infusion in public sector banks