Loan Defaulters

Friday, Apr 26, 2024 | Last Update : 06:29 AM IST

The figure, which stood at around Rs 640 crore, swelled to Rs 1,139 crore as the agency continued filing of FIRs during the day and expanding its search operations.

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

Rahul Gandhi claimed that with Rs 41,167 crore, Centre could have waived off loan of farmers of 3 states, opened 40 AIIMS and run MNREGA for at least one year without any hassle. (Photo: File | ANI)

‘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

Patel completes two years in office as the RBI Governor.

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

Tata Steel offered Rs 35,200 crore in cash to acquire Bhushan Steel. It would pay another Rs 1,200 crore over next 12 months to creditors and convert the remaining debt owed to banks to equity.

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

The National Company Law Appellate Tribunal (NCLAT) would hear the appeals filed by Essar Steel resolution applicants - NuMetal and Arcelor Mittal on Wednesday.

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

Showing urgency in dealing with absconding loan defaulters, the government has come out with series of rules to operationalise the fugitive economic offenders law.

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 Ram Nath Kovind last night promulgated Fugitive Economic Offenders Ordinance.

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

India has compiled a list of 91 people it is considering detaining from flying out of the country. (Photo: Facebook)

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

The government has not waived any loans of big NPA defaulters, Finance Minister Arun Jaitley said on Tuesday. (Photo: AP)

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

Arun Jaitley put private sector debtors on notice saying they will have to pay their dues to banks or allow somebody else to step in and take control of the business. Photo: PTI

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

SBI accounts for over 27 per cent of the total amount owed to public sector banks by wilful defaulters. Photo: PTI

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

Reserve Bank Deputy Governor S S Mundra.

'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

Gross non-performing assets of the public sector banks stood at Rs 6.06 lakh crore as on December 31, 2016.

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

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Sunil Gatade

loan defaulters