Latest News on Wilful Defaulters
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Wilful Defaulters - Total results - 57
Feb 13, 2019
Bad loans under Pradhan Mantri Mudra Yojana stands at Rs 7,277 cr till March 2018Loans extended under PMMY from inception of the scheme up to March 2018 by all member lending institutions (MLIs) were Rs 5.71 lakh crore,
Jan 27, 2019
Govt empowers PSU banks to seek lookout circulars against wilful defaulters, fraudstersThe 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
Dec 24, 2018
TCS, Wipro, IBM, 3 others shortlisted by Reserve Bank of India for setting up Public Credit RegistryThe 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.
Dec 14, 2018
Public sector banks file over 2,500 FIRs against wilful defaulters till September-end: Arun JaitleyOn 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).
Nov 23, 2018
CEOs of state banks can request for look-out notices against wilful defaulters, fraudstersEarlier 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.
Nov 22, 2018
Govt authorises CEOs of public sector banks to request for look-out circulars against wilful defaultersTo 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
Nov 06, 2018
CIC show-cause notice to RBI governor: It's high time the central bank ended the secrecy on wilful defaulter dataThe 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.
Oct 26, 2018
Ruias bid to regain Essar Steel with late payment smells of moral hazard; banks and govt must look at non-cooperative behaviourFrom all indications, the Essar Steel insolvency process shows the Ruias need to be put under a lens.
Aug 27, 2018
Big wilful defaulters' dues to scam-hit Punjab National Bank drop 1.8% to Rs 15,175 crore in JulyThe 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
Aug 14, 2018
Wilful defaulters, economic offenders may not settle a case, suggests Sebi panelSebi 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.