Loan Defaulters

Loan defaults: CIC says RBI has to answer if Supreme Court order has been implemented and if not, why

Acharayalu said that at a higher level also perhaps there is an anti-disclosure policy.

CIC show-cause notice to RBI governor: It's high time the central bank ended the secrecy on wilful defaulter data

The RBI has been taking shelter under the archaic law that there is a fiduciary relationship between a bank and its debtor so much so that any disclosure about his loan status would amount to this sacred relationship.

Bad loans crisis: Nirmala Sitharaman blames UPA; says banks are still suffering for lack of due diligence

During UPA regime, huge loans were provided by banks at the drop of a hat "when a phone call was made," by the powers that be, said Nirmala Sitharaman,

The 'wise owl' of Mint Street: RBI governor Urjit Patel is firmly in saddle on regulations of banks, say analysts

In 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

Income Tax Department publishes countrywide list of 24 defaulters as part of its name and shame initiative

IT dept published a list of defaulters who are currently either untraceable or have reported assets inadequate for payment of their dues

The great Indian banking circus: A guide on how to use the Aam Aadmi and Mr Fraud counters

The 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.

Banks collecting passport details of those borrowing over Rs 50-cr a possible precursor to change in passport rules

Section 10 of Passport Act empowers authorities to revoke one’s passport in the interest of the sovereignty and integrity of India.

Life after PNB fraud: As the heat turns on India's bankers, a loan squeeze may hurt economy

Circa 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.

Govt lauds RBI's stricter rules to tackle bad loans, says it is a wake up call for loan defaulters

Revised framework has specified norms for 'early identification' of stressed assets, timelines for implementation of resolution plans

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