Recent Highlights
All Stories for Loan Default
SEBI tightens disclosure norms on loan defaults, reduces time for rights issue to bolster capital markets
• 6 years agoSebi has made it compulsory for the top 1,000 listed companies to prepare annual business responsibility reports covering their activities related to environment and stakeholder relationships
RBI issues revised guidelines on stress loans, offers 30-day gap for NPA recognition; replaces 12 February circular
• 6 years agoThe Reserve Bank Friday issued a new framework for resolution of bad loans, replacing the previous norms quashed by the Supreme Court in April, offering a 30-day gap for stress recognition instead of the one-day default earlier
IL&FS crisis: Auditors have many questions to answer; gravity of offence will determine quantum of action: Govt
• 6 years agoCrisis-hit IL&FS group's debt burden is estimated to be more than Rs 94,000 crore and various entities, including some former officials and auditors, are under the scanner for widespread irregularities and huge loan defaults.
Rot in PSBs Part 2: PNB, Nirav Modi, Vikram Kothari aren’t the first; India’s PSBs have long been beaten by frauds
Dinesh Unnikrishnan123 • 8 years agoThe Rs 11,400-crore bank fraud in PNB, that was perpetrated by billionaire Nirav Modi in collusion with a few bank employees, has once again brought governance practices in Public Sector Banks back to public debate
Vijay Mallya extradition case: Arthur Road Jail keeps high security cell ready for liquor tycoon
• 7 years agoAuthorities at the Arthur Road prison have kept a high-security cell ready for liquor tycoon Vijay Mallya if he is extradited from UK in connection with loan default cases against him in India
CBI refuses to disclose records on how lookout circular against Vijay Mallya was changed
• 7 years agoThe CBI had issued LOC against Mallya calling for his detention if he intends to leave the country or arrive here from abroad but in a surprise move it was diluted asking the immigration authorities to merely inform the agency in case of his travel.
PMLA court rejects Vijay Mallya plea seeking to stay attachment of his assets by Enforcement Directorate
Fp Staff • 7 years agoThe special court had heard extensive arguments from Mallya's lawyer as well as the ED counsel on his petition seeking a stay on proceedings of the financial crime probe agency against him
Six years after Rs 9,000 cr default, Vijay Mallya is still a free man; but a farmer can be sent to jail in just 5 hours for a Rs 1.2 lakh crop loan?
Dinesh Unnikrishnan123 • 7 years agoNPAs on a decline as loan recovery picking up, says Arun Jaitley after annual PSU banks' review meet
• 7 years agoJaitley said after the Insolvency and Bankruptcy Code (IBC) came into force, which calls for an auction of assets of loan defaulting entities, recoveries have picked up.
First lookout circular against Vijay Mallya for his detention was not sustainable, needed correction as there was no warrant : CBI
• 7 years agoThe CBI said on Tuesday that the first look out circular against embattled businessman Vijay Mallya for his detention at airport was not sustainable in law and needed correction as there was no warrant against him at that time.