loan defaulters
CBI cracks down on loan defaulters
Agency raids 48 locations in 12 states against promoters, directors accused in bank frauds.
‘Watchman’ PM looting India: Rahul’s jibe at Modi over RBI report on loan defaulters
Rahul Gandhi said the 'watchman' is looting India by helping his close friends, who default on hefty bank loans and flee country.
Urjit Patel completes two years as RBI Governor
Patel has been steadfast in maintaining the central bank's independence and in handling the bad loan cases.
NCLAT asks Tata Steel if it will pay dues of Bhushan Steel
Bhushan Steel owed its lenders about Rs 56,000 crore and was among the 12 big loan defaulters identified by the Reserve Bank of India.
NCLAT to hear ArcelorMittal, NuMetal pleas tomorrow
NCLAT had ordered status quo on insolvency of Essar Steel for two months.
Govt notifies rules to operationalise fugitive economic offenders law
The Fugitive Economic Offenders Ordinance, 2018, is aimed at deterring economic offenders from evading the process of law.
President Kovind promulgates fugitive economic offenders ordinance
The ordinance will allow the govt to confiscate properties and assets of loan defaulters who flee the country.
After PNB fraud, India takes steps to prevent defaulters from flying abroad
Under the new rules, banks will have to file for insolvency proceedings against loan defaulters with Rs 2,000 crore or more.
Jaitley dismisses rumours of banks writing off debts of capitalists
Jaitley said that over the last few days, a rumour is being propagated regarding waiver of loans of capitalists by banks.
Pay up or allow others to take control of business: Jaitley's to loan defaulters
Jaitley said the government was open to providing more capital to banks but cleaning up stressed loans was bigger priority.