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2 mins read
Banks should pass reasoned orders while declaring entity/person wilful defaulter: HC
The Bombay High Court has said banks and financial institutions should pass reasoned orders before …
PTI
2 mins read
SBI has ₹43,887 crore as outstanding to 685 wilful defaulters – total public sector bank default amounts to over ₹1.47 lakh crore
The SBI is followed by Punjab National Bank (defaulters 325, default Rs 22,370 crore), Bank of…
2 mins read
The Treasury market is starting to price in the possibility of a US debt default in July
The difference in yield between one-month and three-month Treasury bills hit a record 1.49% this we…
Matthew Fox
3 mins read
India’s corporate fraud investigation agency and the CEOs of state-owned banks can now directly prevent scamsters from leaving the country
Prior to these changes, the ability to request for LOCs was mainly extended to police auth…
1 min read
Kumaraswamy slams Centre after RBI writes off Rs 68,000 cr loans of wilful defaulters
"Really? At a time when the whole world is worried aboutunprecedented economic emergency, writing o…
PTI
2 mins read
India takes its first big step towards avoiding future Nirav Modi, Vijay Mallya-like scams
The Fugitive Economic Offenders Bill, which was discussed and approved in the Lok Sabha on July …
1 min read
UK court allows Indian banks to collect claims worth $1.55 billion from tycoon Vijay Mallya
The prosecution, which was representing the banks, successfully argued that Mallya “willfully …
2 mins read
Over Rs 68,600 cr loans of wilful defaulters, including Choksi, Mallya firms, written off: RBI in RTI reply
Rotomac Global Private Limited has funded advances of Rs 2,850 crore which have been technically wr…
PTI
1 min read
Another name appears in witch-hunting by banks; diamond house Winsome Group under Rs 6, 800 crore debt
In 2013, two Winsome Group companies, a diamond house, defaulted with 14 banks and created a debt o…
1 min read
Another Mallya in the making? A wait of two years and lenders receive peanuts from Winsome group
Winsome spokespersons and its promoter Jatin Mehta have maintained their stand of being unable to r…
1 min read
SBI's Rs 11,700 crore locked as NPAs with 1164 wilful defaulters
These 1,164 cases of wilful default have been identified, and the total outstanding loan amount com…
1 min read
Mallya To Explore Legal Option Against ‘Wilful Defaulter’ Tag
United Bank of India is the first PSU bank to declare Mallya ‘wilful defaulter.’
1 min read
IDBI Bank To Tag Debt-ridden Kingfisher Airlines Wilful Defaulter
IDBI Bank chairman and managing director MS Raghavan said, "The process is in an advanced stage and…
1 min read
Declaring ‘Wilful Defaulter’ By Banks Unconstitutional: Gujarat High Court
The judgment noted, "The RBI circular is required to have the phrase ‘in public interest’ or ‘in in…
2 mins read
Kingfisher Airline Gives Clarification On Its Wilful Defaulter Tag To BSE
“Thereafter, UBI while granting the company’s request for a personal hearing which UBI was obliged …
1 min read
Increasing Troubles for Vijay Mallya: After UBI, IDBI To Declare Him As Wilful Defaulter
“Last week, IDBI too had sent a letter to the management regarding their outstanding debts. Vijay M…
2 mins read
United Bank Of India First Bank To Declare KFA And Vijay Mallya As Wilful Defaulter
There are serious repercussions of a company being declared a wilful defaulter which include restri…
Economic Times
1 min read
Kingfisher Airlines Gets Relief From Calcutta High Court Against Wilful Defaulter Tag
“We had earlier stated that we would legally challenge the wrongful decision of United Bank of In…
1 min read
SBI Sends Letter to Kingfisher Airlines, May declare Vijay Mallya As A Wilful Defaulter Soon
Very recently United Bank of India (UBI) declared the defunct airline and Mallya as wilful defaulte…
1 min read
SBI wants Vijay Mallya arrested
Not only an arrest, SBI also wants his passport to be impounded and a complete disclosure of his pe…