Defaulters

SBI reveals names of 10 big 'wilful defaulters'

SBI reveals names of 10 big 'wilful defaulters'

2 min read . 28 Jun 2019

Finance Minister Nirmala Sitharaman (Photo: ANI)

Number of wilful defaulters in nationalised banks up 60% to 8,582 in 5 years

1 min read . 24 Jun 2019

The Supreme Court is pictured through a gate in New Delhi, India May 26, 2016. REUTERS/Anindito Mukherjee/Files

Loan defaulters have no right to lawyer’s aid in in-house proceedings: SC

2 min read . 12 May 2019

Subhash Chandra Garg, Secretary Economic Affairs. Photo: Mint

Timely data on NBFCs can avoid repeat of IL&FS-type crisis, says Garg

3 min read . 05 Jan 2019

RBI had in June announced setting up of a Public Credit Registry for India to address information asymmetry, foster access to credit and strengthen the credit culture in the economy. Photo: Abhijit Bhatlekar/Mint

RBI shortlists TCS, Wipro, IBM, 3 others for setting up Public Credit Registry

2 min read . 24 Dec 2018

Currently, the Sebi norms do not provide for declaring any unrecovered dues as ‘difficult to recover’. Photo: Mint

Sebi mulls policy to identify ‘difficult to recover’ cases

2 min read . 10 Dec 2018

As many as 200 cases were settled for a total amount of over ₹30 crore in 2017-18, up from 103 cases for ₹13.5 crore in 2016-17 and 34 cases in 2015-16 for ₹4.42 crore.

Sebi overhauls settlement rules, introduces confidentiality clause

3 min read . 03 Dec 2018

The CIC had on 4 July directed the Reserve Bank to disclose the names of large wilful defaulters and also the letter written by former RBI governor Raghuram Rajan to the PMO on bad loans. Photo: Mint

Bombay HC seeks govt view on RBI plea against CIC order on naming wilful defaulters

2 min read . 29 Nov 2018

The home ministry recently made changes in the circular by including CEOs of PSBs in the list of officials who can make request for issuance of LOCs.

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

2 min read . 22 Nov 2018

Every co-borrower, director is shown to have the same outstanding loan as the firm, leading to the inflated number, shows data. Photo: Aniruddha Chowdhury/Mint

Error in reporting inflates AU Small Finance Bank’s wilful defaults

3 min read . 10 Nov 2018

A file photo of RBI Governor Urjit Patel. Photo: Mint

CIC issues show-cause notice to RBI governor for non-disclosure of wilful defaulters’ list

3 min read . 04 Nov 2018

The banking sector is burdened with more than ₹10 trillion of bad loans as on 30 June 2018. Photo: Pradeep Gaur/Mint

Lenders prefer e-auction route to dispose of defaulters’ assets

4 min read . 27 Sep 2018

State-owned banks have in the last three financial years and the first quarter of FY19 recovered ₹1.61 trillion from wilful defaulters, according to official data. Photo: Reuters

Disclose names and action taken against wilful defaulters: CIC

2 min read . 29 Aug 2018

The proposal comes at a time when the govt is struggling to bring back fugitives such as Nirav Modi.

Govt panel suggests amending Passport Act to prevent borrowers from fleeing country

2 min read . 07 Aug 2018

In May, debt-laden Bhushan Steel Ltd earned the distinction of being the first successful resolution under the IBC, when it was acquired by Tata Steel. Photo: Mint

Cracking India’s bankruptcy code

6 min read . 02 Aug 2018

Punjab National Bank's NPAs rose to 11.24% in 2017-18 against 7.81% year ago, even as battled the PNB fraud perpetrated by Nirav Modi. Photo: Abhijit Bhatlekar/Mint

Dues of PNB's big wilful defaulters fall 0.87% in June

1 min read . 08 Jul 2018

Petitioners counsel M. Sathyan said even after repeated requests by the petitioner, the bank refused to release the jewellery or accept payment of pending Re1 for each account. Photo: Pradeep Gaur/Mint

Chennai bank refuses to return pledged gold citing Re 1 default

1 min read . 02 Jul 2018

ICICI Bank issued letters of credit (LCs) against fictitious bills to service a number of loans, the whistleblower has alleged. Photo: Abhijit Bhatlekar/Mint

ICICI Bank used term loans, LCs to help loan defaulters

4 min read . 28 Jun 2018

For financial year ended March 2018, the bank’s balance sheet had closed with big wilful defaults owing Rs15,171.91 crore. Photo: Mint

Dues of Punjab National Bank’s big wilful defaulters rise to Rs15,490 crore

2 min read . 17 Jun 2018

SBI’s gross non-performing assets or bad loans as on 31 March, 2018, reached Rs2.23 trillion, which was 10.91% of gross advances by the end of 2017-18. Photo: Mint

SBI to auction 12 NPA accounts on 25 June to recover dues of over Rs1,325 crore

1 min read . 10 Jun 2018