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'No timeline for identification of additional defaulters'

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

17 Jun 2017 5:23 AM GMT

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

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 2:26 PM GMT

Economist Sanjeev Sanyal.

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 6:04 AM GMT

Representational Image.

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...

26 Jun 2017 11:44 AM GMT

Vijay Mallyas plush villa has failed to find buyer

Team NDA, UPA kicking me around like a football: Mallya

Media happily being used as the pitch. I am the football.

3 Feb 2017 6:57 AM GMT

While Bhushan Steel is in default of Rs 44,478 crore to banks, Essar Steel owes Rs 37,284 crore and Electrosteel Steels Rs 10,273.6 crore. (Representational image)

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 5:46 AM GMT

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

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 12:40 PM GMT

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

Loan defaulters: IDBI starts insolvency proceedings against Lanco...

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 5:09 AM GMT

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

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 9:38 AM GMT