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WILFUL DEFAULT
Finance Ministry says 2,664 unique borrowers classified as wilful defaulters at end-March 2024As of March 2024, there are 2,664 wilful defaulters in India, with a noticeable decline in new cases from 160 in FY 2021-22 to 42 in FY 202...04 Feb, 2025, 07.18 PM IST- RBI directs banks to provide all information to borrower on classifying them as wilful defaulterThe Reserve Bank of India (RBI) has instructed banks to issue show-cause notices to borrowers identified as wilful defaulters. The banks mu...31 Jul, 2024, 12.11 AM IST
- Check for 'wilful default' in NPA accounts exceeding Rs 25 lakh: RBI to banksThe RBI released new guidelines for banks and NBFCs to tackle wilful defaulters, mandating scrutiny of accounts with outstanding debts of R...30 Jul, 2024, 04.37 PM IST
- Hear out, show proof to borrowers suspected of 'wilful default': Bombay High CourtBombay High Court's ruling alters banks' handling of wilful default cases. Evidence provision mandated, transparency increased. Concerns ra...27 Mar, 2024, 07.20 AM IST
- Banks should pass reasoned orders while declaring entity/person wilful defaulter, says Bombay HCThe bench was hearing a petition filed by Milind Patel, former joint managing director of IL&FS Financial Services Limited (IFIN), challeng...21 Mar, 2024, 01.51 PM IST
- Lenders again move RBI on wilful defaulter tag for non-performing accountsBanks have again approached the Reserve Bank of India (RBI) to request an extension in the deadline for classifying non-performing accounts...05 Dec, 2023, 12.19 AM IST
- 2,623 wilful defaulters owe Rs 1.96 lakh crore to banksAccording to information provided by the Reserve Bank of India (RBI), 2,623 unique borrowers who are classified as wilful defaulters. These...04 Dec, 2023, 09.57 PM IST
- RBI proposes changes in wilful defaulter normsLarge defaulters are those that have an outstanding amount of Rs 1 crore and above. According to RBI data, there were about 16,000 cases of...22 Sep, 2023, 06.52 AM IST
- RBI proposes changes in wilful defaulter normsThe Reserve Bank of India (RBI) has proposed tighter norms for the treatment of wilful defaulters, requiring banks and lenders to examine a...21 Sep, 2023, 08.34 PM IST
- Wilful default is not always in the starsBank loans that go bad because of business failure have a mechanism for resolution that has helped them clean up their balance sheets. Wilf...19 Jun, 2023, 11.18 PM IST
- HC interim stay on CIC orders to RBI on wilful defaulter listOn November 2 this year, the CIC had issued a show cause notice to Patel for "dishonouring" a Supreme Court judgement on disclosure of wilf...14 Dec, 2018, 04.14 PM IST
- Name and shame: PSBs told to put wilful defaulters’ photos on websitesIn a directive issued to all staterun lenders on Tuesday, the ministry reiterated the guidelines issued by the Reserve Bank of India on pub...14 Mar, 2018, 06.54 AM IST
- Wilful defaulters rise 1.7% till December, owe Rs 1.10 lakh crore to PSBs"The amount involved for PSBs is reported as Rs 1,10,050 crore," Minister of State for Finance Shiv Pratap Shukla said in a written reply i...09 Mar, 2018, 02.58 PM IST
- India’s wilful defaulters owe more than Rs 1 lakh crore to banksWilful defaulters are those unwilling to pay despite having the capacity to do so. And the total dues they owe to India's banks are mind-nu...23 Feb, 2018, 03.18 PM IST
- PSU banks register 1,624 FIRs against wilful defaultersWilful defaulters owe PSU banks a total of Rs 64,334.59 crore at the end of first half of the current fiscal.13 Dec, 2015, 12.23 PM IST
- Sebi, RBI mull fund-raising restraint on wilful defaultersThe proposal has come against the backdrop of spiralling bad loans in the banking system, especially fuelled by increasing number of wilful...31 Aug, 2014, 02.45 PM IST
- RBI suggests Sebi action against 'wilful' defaultersCurrently, the information about wilful defaulters of bank loans are shared with Sebi and others, including credit information agencies lik...29 Jul, 2014, 03.52 PM IST
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