Latest News on Loan Defaulters
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Loan Defaulters - Total results - 27
Sep 03, 2018
The 'wise owl' of Mint Street: RBI governor Urjit Patel is firmly in saddle on regulations of banks, say analystsIn case of Patel, the RBI has also been working alongside the government on various fronts including the ambitious goals like doubling farmers' income, boost to digital payments and providing easier funding to MSMEs
Mar 29, 2018
Income Tax Department publishes countrywide list of 24 defaulters as part of its name and shame initiativeIT dept published a list of defaulters who are currently either untraceable or have reported assets inadequate for payment of their dues
Mar 22, 2018
The great Indian banking circus: A guide on how to use the Aam Aadmi and Mr Fraud countersThe common man’s role in this saga is to pay taxes on time to help refuel banks, so that lenders don’t run out of funds to feed Mr Fraud.
Mar 12, 2018
Banks collecting passport details of those borrowing over Rs 50-cr a possible precursor to change in passport rulesSection 10 of Passport Act empowers authorities to revoke one’s passport in the interest of the sovereignty and integrity of India.
Mar 06, 2018
Life after PNB fraud: As the heat turns on India's bankers, a loan squeeze may hurt economyCirca 1996, state-controlled Indian Bank faced a Rs 1,336 crore scam which after inflation-adjustment may compare well in size with the PNB fraud.
Feb 13, 2018
Govt lauds RBI's stricter rules to tackle bad loans, says it is a wake up call for loan defaultersRevised framework has specified norms for 'early identification' of stressed assets, timelines for implementation of resolution plans
Feb 09, 2018
Narendra Modi speech: Yes, NPAs are making of Congress-era, but isn’t it time PM moved past ghosts of UPA?PM Narendra Modi calls 'NPAs scam' bigger than those linked to Commonwealth Games, 2G telecom spectrum allocation and coal block allocation
Jan 02, 2018
Insolvency and Bankruptcy Code: An efficient mechanism for tackling NPAs but resolution professionals face challengesIntention of bringing in new insolvency law was essentially to clean up the banking mess and thereby providing a boost to the economy
Dec 29, 2017
As LS passes insolvency amendment bill, Arun Jaitley says defaulters can bid for firms on certain conditionsBill seeks to replace an ordinance promulgated in Nov to prevent unscrupulous persons from misusing provisions of Insolvency and Bankruptcy Code
Dec 13, 2017
Banks decide to refer 22-23 large NPA accounts to NCLT for insolvency proceedings as RBI deadline endsLenders have already decided a restructuring plan for Jayawal Neco Industries and Soma Enterprise under Insolvency and Bankruptcy Code