Saturday, Apr 13, 2024 | Last Update : 03:10 PM IST

loan defaulters

CBI cracks down on loan defaulters

Agency raids 48 locations in 12 states against promoters, directors accused in bank frauds.

03 Jul 2019 2:22 AM

‘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.

31 Dec 2018 4:31 PM

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.

03 Sep 2018 9:05 PM

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.

30 May 2018 1:58 PM

NCLAT to hear ArcelorMittal, NuMetal pleas tomorrow

NCLAT had ordered status quo on insolvency of Essar Steel for two months.

29 May 2018 2:10 PM


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.

29 Apr 2018 1:32 PM

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.

22 Apr 2018 11:30 AM

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.

21 Mar 2018 5:44 PM

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.

28 Nov 2017 5:28 PM

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.

31 Aug 2017 12:53 PM


Defaulters owe 27 per cent of Rs 92,376 crore outstanding loans to SBI

Punjab National Bank is next on the list with 1,120 wilful defaulters who owe bad loans worth Rs 12,278 crore.

20 Aug 2017 1:19 PM

Banks to increase provisioning by 25 per cent post NPA haircut: Crisil

The RBI over a fortnight back referred the 12 largest bad loans for resolution under the Insolvency and Bankruptcy Code 2016.

26 Jun 2017 5:14 PM

Essar, Bhushan Steels and Electrosteel referred to NCLT for insolvency

Essar Steel, Bhushan Steel and Electrosteel Steel collectively have NPAs worth Rs 1 lakh crore.

23 Jun 2017 11:16 AM

RBI rejigs overseeing committee to monitor restructuring of bad loans

The reconstituted OC will work with an expanded mandate to review the restructuring of stressed assets.

22 Jun 2017 6:10 PM

Loan defaulters: IDBI starts insolvency proceedings against Lanco Infratech

Lanco Infratech is among the 12 firms identified by the central bank with a combined debt of over Rs 1,50,000 crore.

19 Jun 2017 10:39 AM


Bankers to meet from Monday to decide on large loan defaulters

Banks will meet to discuss six of the 12 accounts named by the RBI before referring accounts to the NCLT.

18 Jun 2017 3:08 PM

'No timeline for identification of additional defaulters'

Mundra says banks are being encouraged to resolve in six months' other cases too.

17 Jun 2017 10:53 AM

Finance Ministry to name 12 loan defaulters identified by RBI

The Finance Ministry further said that NCLT was being strengthened to fast track bankruptcy proceedings.

14 Jun 2017 7:56 PM

Resolution of Indian banks' bad loans primary focus of govt: Sanyal

Sanyal's comments came a day after the RBI revealed that it had identified 12 of the largest loan defaulters.

14 Jun 2017 11:34 AM

RBI refuses to disclose list of loan defaulters

Apex court had stated that the RBI is supposed to uphold public interest and not the interest of individual banks.

23 May 2017 2:39 PM