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loan defaulters

16 Jun 2017

No plan to issue next list of defaulters any time soon: RBI

Following the Reserve Bank of India (RBI) identifying 12 accounts that are responsible for 25 percent of non-performing assets (NPAs), the central bank on Friday said it has no plans to come out with a next list any time soon.

India's bankruptcy code

14 Jun 2017

FACTBOX: India's bankruptcy code process for creditors, defaulters

Outlined here are the steps lenders must now take in a process that could take six months to nine months.

14 Jun 2017

Resolution of state-run banks' bad loans primary focus of government

A resolution of Indian banks` bad loans is the "first and primary focus" of the government, a senior finance ministry official said on Wednesday.

23 May 2017

RBI refuses to disclose list of loan defaulters

The Reserve Bank of India (RBI) has refused to make public the list of loan defaulters with public sector banks despite an order of the Supreme Court in 2015 to make this information public.

loan defaulters

05 Jun 2016

Defaulters won't be allowed to sleep well: Finance Minister

Amid 10 state-run lenders suffering losses of over Rs 15,000 crore in the March quarter, Finance Minister has promised greater capital support to banks while warning that defaulters cannot be allowed to "sleep well", leaving all the worry to bankers.

bankruptcy code

12 May 2016

Rajya Sabha clears Insolvency and Bankruptcy Bill

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bankruptcy code

11 May 2016

Government to take on defaulters as Rajya Sabha approves bankruptcy bill

The Rajya Sabha passed a new bankruptcy code on Wednesday, as the opposition swung behind measures to take tougher action against corporate defaulters and help banks recover over $120 billion in troubled loans.

loan defaulters

12 Apr 2016

Loan default: SC says big defaulters escape while farmers are penalised

The Supreme Court on Tuesday favoured making public the total amount of outstanding loans given by banks to various individuals and entities and running into lakhs of crores of rupees as per the information provided to it by RBI in a sealed cover.

30 Mar 2016

RBI provides list of big loan defaulters, urges SC not to disclose names

A bench headed by Chief Justice T S Thakur had last month directed the central bank to provide a list of companies which are defaulters of bank loans of over Rs 500 crore while expressing serious concern over rise in bad loans.

12 Feb 2016

'RBI does't act, need to criminalise wilful default'

Noting there have been workman directors in the banks since 1971, he said that in the last more than four decades of experience, there is not a single case where these directors are found to be involved in any wrong doings.

18 Oct 2015

7,035 wilful defaulters owe Rs 59,000 cr to PSU banks

As many as 7,035 wilful defaulters owe about Rs 59,000 crore to state-owned banks and SBI and Central Bank of India account for bulk of such borrowers.

23 Apr 2015

RBI issues mechanism for identification of wilful defaulters

RBI Thursday said a non-whole time director of a defaulting company can be classified as a wilful defaulter only if there is conclusive proof that the person concerned is in the know of loan default.

05 Dec 2014

Sharp rise in bad loans; banks taking action: Govt

Jaitley said banks are taking a number of steps against willful defaulters.

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