Wilful Defaulters
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All Stories for Wilful Defaulters
Supreme Court verdict on AGR a clear setback for telecom firms, but they long ignored warning signs
Ss Sirohi •The Supreme Court verdict is also a shot in the arm for the government which is looking for additional resources
Finance Minister Nirmala Sitharaman to meet CEOs of PSU banks on Friday, discuss ways to increase credit growth
•The meeting assumes significance as it will be the first after the Narendra Modi government returned to power in May this year
Number of wilful defaulters in nationalised banks up 60% to 8,582 in five years to March 2019: Government
•The minister was replying to a question whether the cases of wilful defaulters of banks have increased during the last five years
Bad loans under Pradhan Mantri Mudra Yojana stands at Rs 7,277 cr till March 2018
•Loans extended under PMMY from inception of the scheme up to March 2018 by all member lending institutions (MLIs) were Rs 5.71 lakh crore,
Govt empowers PSU banks to seek lookout circulars against wilful defaulters, fraudsters
•The government issued two circulars recently authorising chairman-cum-managing directors or CEOs of public sector banks and the SFIO to request designated authorities to issue LOCs against any wilful defaulter or fraudster if they think the person may flee the country
TCS, Wipro, IBM, 3 others shortlisted by Reserve Bank of India for setting up Public Credit Registry
•The Public Credit Registry would be the single point of mandatory reporting for all material events for each loan, notwithstanding any threshold in the loan amount or type of borrower.
Public sector banks file over 2,500 FIRs against wilful defaulters till September-end: Arun Jaitley
•On why the names of wilful defaulters of PSBs cannot be made public, Jaitley said the list of suit-filed defaulters of Rs 1 crore and above and the list of suit-filed defaulters of Rs 25 lakh and above are available in public domain on the websites of the Credit Information Companies (CICs).
CEOs of state banks can request for look-out notices against wilful defaulters, fraudsters
•Earlier this year, the government formed an inter-ministerial panel to look into various issues, including how to put a check on wilful defaulters fleeing the country.
Govt authorises CEOs of public sector banks to request for look-out circulars against wilful defaulters
•To check wilful defaulters and fraudsters from fleeing the country, the government has now authorised CEOs of public sector banks (PSBs) to make a request for issuance of look-out circulars (LOCs) against suspects
CIC show-cause notice to RBI governor: It's high time the central bank ended the secrecy on wilful defaulter data
Muralidharan •The RBI has been taking shelter under the archaic law that there is a fiduciary relationship between a bank and its debtor so much so that any disclosure about his loan status would amount to this sacred relationship.