Wilful Defaulters

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Wilful Defaulters - Total results - 64
Technical loan write-off route should not be applied for fugitives: Chidambaram to govt
Business

Technical loan write-off route should not be applied for fugitives: Chidambaram to govt

Senior Congress leader P Chidambaram on Wednesday asked the government why it had taken the technical loan write-off route for fugitives like Nirav Modi, Mehul Choksi and Vijay Mallya

Wilful defaulters beneficiaries of 'phone banking' under UPA regime, Modi govt chasing them to recover dues: Nirmala Sitharaman
Business

Wilful defaulters beneficiaries of 'phone banking' under UPA regime, Modi govt chasing them to recover dues: Nirmala Sitharaman

Hitting out at the Congress party, Finance Minister Nirmala Sitharaman has said that wilful defaulters were beneficiaries of 'phone banking' under the UPA regime and the Modi government is chasing them to recover the dues

Over Rs 68,600 cr loans of wilful defaulters written off; Mehul Choksi, Vijay Mallya's firms among list: RBI in RTI reply
Business

Over Rs 68,600 cr loans of wilful defaulters written off; Mehul Choksi, Vijay Mallya's firms among list: RBI in RTI reply

Outstanding loans amounting to Rs 68,607 crore of top 50 wilful bank loan defaulters in the country including firms of Mehul Choksi and Vijay Mallya have been technically written off till 30 September, 2019, the Reserve Bank of India said in a RTI reply

DoT asks Vodafone-Idea, Airtel, other telcos to clear AGR dues within three months as per Supreme Court order
Business

DoT asks Vodafone-Idea, Airtel, other telcos to clear AGR dues within three months as per Supreme Court order

The Department of Telecommunications (DoT) has issued notice to telecom operators to pay their adjusted gross revenue (AGR) dues within three months as directed by the Supreme Court, according to an industry source

Supreme Court verdict on AGR a clear setback for telecom firms, but they long ignored warning signs
Business

Supreme Court verdict on AGR a clear setback for telecom firms, but they long ignored warning signs

The Supreme Court verdict is also a shot in the arm for the government which is looking for additional resources

Finance Minister Nirmala Sitharaman to meet CEOs of PSU banks on Friday, discuss ways to increase credit growth
Business

Finance Minister Nirmala Sitharaman to meet CEOs of PSU banks on Friday, discuss ways to increase credit growth

The meeting assumes significance as it will be the first after the Narendra Modi government returned to power in May this year

Number of wilful defaulters in nationalised banks up 60% to 8,582 in five years to March 2019: Government
Business

Number of wilful defaulters in nationalised banks up 60% to 8,582 in five years to March 2019: Government

The minister was replying to a question whether the cases of wilful defaulters of banks have increased during the last five years

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

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,

Govt empowers PSU banks to seek lookout circulars against wilful defaulters, fraudsters
Business

Govt empowers PSU banks to seek lookout circulars against wilful defaulters, fraudsters

The government issued two circulars recently authorising chairman-cum-managing directors or CEOs of public sector banks and the SFIO to request designated authorities to issue LOCs against any wilful defaulter or fraudster if they think the person may flee the country

TCS, Wipro, IBM, 3 others shortlisted by Reserve Bank of India for setting up Public Credit Registry
Business

TCS, Wipro, IBM, 3 others shortlisted by Reserve Bank of India for setting up Public Credit Registry

The Public Credit Registry would be the single point of mandatory reporting for all material events for each loan, notwithstanding any threshold in the loan amount or type of borrower.

Public sector banks file over 2,500 FIRs against wilful defaulters till September-end: Arun Jaitley
Business

Public sector banks file over 2,500 FIRs against wilful defaulters till September-end: Arun Jaitley

On why the names of wilful defaulters of PSBs cannot be made public, Jaitley said the list of suit-filed defaulters of Rs 1 crore and above and the list of suit-filed defaulters of Rs 25 lakh and above are available in public domain on the websites of the Credit Information Companies (CICs).

CEOs of state banks can request for look-out notices against wilful defaulters, fraudsters
Business

CEOs of state banks can request for look-out notices against wilful defaulters, fraudsters

Earlier this year, the government formed an inter-ministerial panel to look into various issues, including how to put a check on wilful defaulters fleeing the country.

Govt authorises CEOs of public sector banks to request for look-out circulars against wilful defaulters
Business

Govt authorises CEOs of public sector banks to request for look-out circulars against wilful defaulters

To check wilful defaulters and fraudsters from fleeing the country, the government has now authorised CEOs of public sector banks (PSBs) to make a request for issuance of look-out circulars (LOCs) against suspects

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

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.

Ruias bid to regain Essar Steel with late payment smells of moral hazard; banks and govt must look at non-cooperative behaviour
Business

Ruias bid to regain Essar Steel with late payment smells of moral hazard; banks and govt must look at non-cooperative behaviour

From all indications, the Essar Steel insolvency process shows the Ruias need to be put under a lens.

Big wilful defaulters' dues to scam-hit Punjab National Bank drop 1.8% to Rs 15,175 crore in July
Business

Big wilful defaulters' dues to scam-hit Punjab National Bank drop 1.8% to Rs 15,175 crore in July

The bank made a recovery from bad loans to the tune of Rs 7,700 crore in the first quarter ended June, 2018-19 as a result of its turnaround strategy it adopted last year

Wilful defaulters, economic offenders may not settle a case, suggests Sebi panel
Business

Wilful defaulters, economic offenders may not settle a case, suggests Sebi panel

Sebi may not settle a proceeding in case the alleged default has market-wide impact, caused losses to a large number of investors, or affected the integrity of the market.

Minimum balance: SBI rakes it big with an extra Rs 2,433 cr in 2017-18
Business

Minimum balance: SBI rakes it big with an extra Rs 2,433 cr in 2017-18

Major private and public sector banks have collected more than Rs 11,500 crores from their customers in the past four years.

Punjab National Bank's big wilful defaulters' dues fall by 0.87 percent to Rs 15,354 cr in June, data shows
Business

Punjab National Bank's big wilful defaulters' dues fall by 0.87 percent to Rs 15,354 cr in June, data shows

Punjab National Bank suffered a standalone net loss of Rs 12,282.82 crore in 2017-18, as against a profit of Rs 1,324.80 crore in 2016-17

Scam-hit PNB gets passports of wilful defaulters impounded; expects to recover Rs 1800 cr from name and shame campaign
Business

Scam-hit PNB gets passports of wilful defaulters impounded; expects to recover Rs 1800 cr from name and shame campaign

State-run lender PNB is expected to recover around Rs 1,800 crore from its non-performing assets (NPAs) recovery mechanism - "Mission Gandhigiri"