Loan Defaults

Supreme Court squashes RBI's NPA circular: Rating agencies say negative for banks, to delay debt resolution process

Supreme Court quashed the RBI circular of 12 February, 2018 dealing with loan defaults by making it mandatory on banks to recognize even a day's default

Supreme Court upholds IBC in its 'entirety', refuses pleas to allow operational creditors' parity with financial creditors

The apex court, while dismissing a batch of petitions challenging the IBC, refused pleas to allow operational creditors' parity with financial creditors

Etihad, lenders hold discussion to facilitate emergency funding for debt-laden Jet Airways

Naresh Goyal-promoted Jet Airways has been looking for funds for the past few months to keep it afloat amid rising debt and loan defaults besides non-payment of salary to its employees.

Nitin Gadkari backs Vijay Mallya, says not fair to call him a thief for one loan default

Union Minister Nitin Gadkari on Thursday suggested that it is unfair to tag a "one-time loan defaulter Vijay Mallyaji" as a "chor" (thief), adding that the embattled businessman has a four-decade-long track record of timely debt servicing.

Cabinet approves IBC amendment: Why recognising homebuyers as financial creditors is not going to solve the mess

If the Income Tax Department can go to town, the RBI too could name and shame defaulters

Naming and shaming has greater justification in the context of loan defaults vis-à-vis income tax defaults.

Vijay Mallya $1.5 bn assets freeze order in UK courts until April 2018

Vijay Mallya, who is undergoing an extradition trial in a UK court over Rs 9,000-crore fraud and money laundering charges, will face next year a parallel litigation brought by 13 Indian banks to freeze nearly $1.5 billion of his assets

Vijay Mallya extradition: Team of CBI officers to attend trial in London court from Monday

A team of CBI officers will attend the extradition trial of industrialist Vijay Mallya, who is facing a probe by the agency into alleged loan defaults of over Rs 9,000 crore

Narendra Modi's Gujarat speech: If bank nationalisation was Indira’s drama, he has a chance to undo it

Narendra Modi's claim on bank nationalisation is not entirely correct. It has indeed helped improve access to formal banking to the poor in far flung areas

Banks express concern over stress, likely loan defaults in telecom sector

The IMG met officials from four leading banks -- State Bank of India, Punjab National Bank, Axis Bank and HDFC Bank on financial difficulties being faced by the telecom industry, whose debt burden stand at a whopping Rs 4.6 lakh crore.