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Defence Minister Nirmala Sitharaman on Saturday said that the entire might of the Government has been invoked to pin the culprit Nirav Modi in the Rs 11,000-crore PNB fraud case. (Photo: ANI | Twitter)

Sitharaman blames UPA for bad loans, defaulters fleeing country

Public and private sector banks are all facing difficulty due to this.

10 Oct 2018 8:31 AM GMT

Punjab National Bank today said money of customers is safe and asserted that there would be zero tolerance towards unethical practices.

PNB to hire detective agencies to locate untraceable borrowers

PNB has invited applications for empanelment of detective agencies to locate its untraceable borrowers.

25 April 2018 10:23 AM GMT

The finance ministry is considering writing to markets regulator Sebi seeking relaxation for certain state-owned firms from meeting the minimum 25 per cent public shareholding norm.

Over 1,800 entities default in paying fine to Sebi

Securities Laws Act empowers Sebi to recover penalties imposed by the Adjudicating Officer.

24 April 2018 9:37 AM GMT

Reserve Bank of India keeps the repo rate and reverse repo rate unchanged.

RBI worried over rise in one-day default norms breach

NS Vishwanathan on Wednesday raised concerns over the large number of borrowers failing on the one-day default norm.

18 April 2018 11:24 AM GMT

Clearing corporations providing services for commodity derivatives will have to ensure guarantee for settlement of trades including goods delivery, markets regulator Sebi has said.

Pancard Clubs case: Sebi attaches assets to recover Rs 7,000 cr

Sebi on Monday ordered attachment of properties, luxury cars, gold and jewellery of Pancard Clubs.

16 April 2018 1:56 PM GMT

Union finance ministry Arun Jaitley

Properties worth Rs 15,000 crore sold off

Indian banks have written off non-performing loans worth Rs 2.30 lakh crore for the five-year period ended March 2016.

7 April 2018 12:33 AM GMT

The government is preparing an action plan to recover revenues from high networth defaulters like Nirav Modi and Vijay Mallya who escaped the law and slipped out of the country.

Govt preparing action plan to recover revenues from likes of Mallya

CBDT has formed a committee to study these cases and prepare an action plan.

6 April 2018 7:10 AM GMT

The President said that under MUDRA scheme, about 117 million loans have been sanctioned and close to 88 million of them have gone to women entrepreneurs.

Honest citizens bear burden of bank defaults: President Kovind

The amount involved in such defaults for PSBs is reported to be Rs 1,10,050 crore.

5 April 2018 8:30 AM GMT

A USD 2 billion fraud at Indias Punjab National Bank (PNB) may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, the banks own internal probe has found.

PNB's big wilful defaulters' dues fall to Rs 15,354 crore in June

The total bad loan write-off by the public sector banks stood at over Rs 1.20 lakh crore in the last fiscal.

9 July 2018 4:45 AM GMT

Rs 3 lakh cr recovered from big corporate loan defaulters: Piyush...

Maharashtra have been removed from the PCA (prompt corrective action) framework of the RBI.

1 Feb 2019 6:26 AM GMT

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

Number of wilful defaulters in nationalised banks up 60 pc to 8,582 in...

Recovery of Rs 7,654 crore has been done from wilful defaulters' accounts during the last five financial years.

24 Jun 2019 1:48 PM GMT

Income Tax department

I-T Department publicly names defaulters owing Rs 490 cr taxes

Some of the defaulters on the list have not paid their taxes for the assessment year 1989-90.

29 March 2018 10:40 AM GMT