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.
Jun 16, 2017, 14:52 PM IST
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.
Jun 14, 2017, 16:13 PM IST
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.
Jun 14, 2017, 11:21 AM IST
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.
May 23, 2017, 15:51 PM IST
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.
Jun 05, 2016, 14:21 PM IST
Rajya Sabha clears Insolvency and Bankruptcy Bill
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May 12, 2016, 11:38 AM IST
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.
May 11, 2016, 23:34 PM IST
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.
Apr 12, 2016, 13:53 PM IST
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.
Mar 30, 2016, 19:06 PM IST
'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.
Feb 13, 2016, 00:34 AM IST
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.
Oct 18, 2015, 19:10 PM IST
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.
Apr 23, 2015, 23:58 PM IST
Sharp rise in bad loans; banks taking action: Govt
Jaitley said banks are taking a number of steps against willful defaulters.
Dec 05, 2014, 15:07 PM IST
