wilful defaulters
Amount involved in bank frauds of above Rs 1 lakh on decline
The amount involved in such frauds in 2017-18 and 2018-19 stood at Rs 9,866 crore and Rs 6,735 crore
Wilful defaulters barred from bidding under insolvency law
Over 300 cases have already been approved by NCLT to be taken up under the law.
Finance ministry asks banks to prevent defaulters from buying stressed assets
It has been brought to the notice of the ministry that some wilful defaulters are making bids to buy assets cases referred under IBC.
PSU banks take recovery action against 5,954 wilful defaulters
Total outstanding loans due to public sector banks by wilful defaulters amounted to Rs 92,376 crore.
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