DEFAULT

Debt knell: With retail debt past Rs 40 lakh crore, worries about defaults on repayments rise

Retail debt in India — at over Rs 40 lakh crore — has never been so alarmingly high, and lenders have a lot to worry about. Non-performing ...

Top 100 wilful defaulters owe lenders Rs 84,632 crore

While banks wrote off nearly three-fourth of it to clean their balance sheet and get tax benefits, the default borrowers continue to appear...

Millions of defaults threaten microfinance's future in India

Borrowers around the world have been hit hard but perhaps nowhere more so than in India. It’s the global leader in microfinance, the financ...

NGT junks Punjab govt plea to recover penalty from defaulting farmers for burning crop residue

A bench headed by NGT Chairperson Justice Adarsh Kumar Goel said it is for the state to devise strategies for enforcement of environmental ...

Axis Bank to treat home loans of credit card defaulters as NPAs

From the lender’s perspective, a loan that is classified as a non-performing asset (NPA) would mean that the bank would have to take a hit ...

Nasdaq Clearing fined $36 mln in Sweden over 2018 trader default

The default by private Norwegian trader Einar Aas left a 114 million euro ($139 million) hole in the clearing house's resources, forcing ot...

Government to conduct nationwide survey to identify wilful EPFO, ESIC defaulters

There is a growing view within the government that some monitoring is needed in the absence of physical inspections to check wilful default...

Public sector banks lead in loan revival as private banks fear defaulting

Public sector banks are seeing their loan book growing across all major segments agriculture, retail, MSMEs, personal loans except corporat...

Can credit rating agencies be liable for defaults? SAT to give its verdict

Passing an interim order in the matter SAT opined “questions” arise in the matter whether a rating agency can be held liable for a credit d...

RBI to review guidelines on credit default swaps

The revised directions are expected to facilitate the development of credit derivatives market and a liquid and vibrant market for corporat...

NSE declares Anugrah Stock & Broking as defaulter

On November 13, markets regulator Securities and Exchange Board of India (Sebi) had ordered the scam-tainted broking firm to stop its opera...

After NSE, BSE declares Karvy Stock Broking as defaulter, terminates membership

The leading stock exchange said investors having any outstanding claims against the brokerage can file their claims with the exchange withi...

Future Lifestyle defaults on NCD payments

Future Lifestyle Fashions on Monday reported default on payments for its non-convertible debentures (NCDs). In a regulatory filing, the com...

Future Enterprises defaults on interest payments of NCDs

FEL, which is having financial troubles, had last week also informed default on interest payment of another non-convertible debenture. Befo...

Sebi frames norms in case of defaults on listed debt

The new process also requires seeking consent from the investors for enforcement of security or for entering into an inter- creditor agreem...

Future Enterprises defaults on debt repayment

The company is unable to service its obligations in respect of the payment of commercial paper after its maturity and the gross principal a...

Future Consumer defaults on debt repayment

In a regulatory filing, the company said it has been unable to service its obligations towards payment of principal redemption and interest...