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WILLFUL DEFAULTER
RBI denies banks extra time to label dodgy borrowers as willful defaultersRBI has shortened the timeframe for classifying wilful defaulters. Banks now have six months to complete the process. This decision aims to...- Loan defaulters have no right to be represented by lawyer in 'in-house' proceedings of banks: SCThe lending bank had contended that the defaulting borrower does not need the assistance of lawyers in the proceedings as no complex legal ...
- Big willful defaulters' dues to PNB drop to Rs 15,175 crore in JulyNew Delhi, Aug 26 () Liabilities of big willful defaulters of scam-hit Punjab National Bank (PNB) fell by 1.8 per cent to Rs 15,175 crore b...
- Enough time was given to banks to restructure with existing management: Seshagiri Rao MVS, JSW GroupSeshagiri Rao MVS, joint MD and group CFO of the JSW Group, explains the group’s stance, countering criticism by peers against the recent a...
- Loans to Vijay Mallya given by UPA: GovernmentTill December 31, 2016, there were 9,130 willful defaulters in the country who had taken loans amounting Rs 91,155 crore from various PSU b...
- Standard Chartered moves to PMO for backup on Winsome group,India’s largest ‘willful defaulter’British bank Standard Chartered (StanChart) has knocked on the doors of the Prime Minister’s Office (PMO), seeking the state’s help to go a...
- Willful defaulters must be punished: Yaswant SinhaAmid probe against Vijay Mallya in the alleged loan fraud case, Former Union Finance Minister Yashwant Sinha said willful defaulters having...
- PNB slumps as company declares 900 willful defaulters worth Rs 11,000 croreLikewise, net NPAs rose to 5.86 per cent of the advances as of December quarter of 2015-16, from 3.82 per cent in the year-ago period.
- UB Holdings plunges 10% as PNB declares company a willful defaulterShares of United Breweries (Holdings) tumbled nearly 10 per cent in Tuesday's trade after the company said its creditor Punjab National Ban...
- Vijay Mallya willful defaulter case: Delhi High Court reserves judgementA bench of Chief Justice G Rohini and Justice R S Endlaw reserved the verdict after both sides completed their arguments.
- After United Bank, Axis Bank and Federal Bank may also declare Vijay Mallya as ‘willful defaulter'This comes after state-owned United Bank declared Mallya and three directors of Kingfisher Airlines as willful defaulters on Monday.
- Supreme Court refuses Vijay Mallya's plea against United Bank of India's decision to declare him a willful defaulterA two judge bench of the SC summarily waived off Kingfisher's objections that its chairman was declared a "wilful defaulter" by the UBI's G...
- United Bank of India will have to prove that I am a willful defaulter: Vijay MallyaI don’t know about the agenda. Some executive director of United Bank of India had been boasting in Kolkata that he will teach Mallya a les...
- Vijay Mallya may lose key assets after UBI declares Kingfisher a willful defaulterRBI’s definition of a willful defaulter is a person or a company who deliberately doesn’t honour his debt commitments to lenders.
- Kingfisher Airlines should be given loan, other documents by Punjab National Bank: High CourtThe Delhi High Court said that Punjab National Bank should give to the carrier copies of documents relied upon by the bank.
- Vijay Mallya moves court against UBI over 'defaulter' tagMallya challenged Justice Dipankar Dutta's order which dismissed his plea against the state-run lender's recovery measures.
- Willful defaulters may have to pay higher rates, warns RBIConcerned over rising bad loans, the Reserve Bank today said it could consider making future borrowings more expensive for willful defaulte...
- Cut banking channels of willful defaulters, says Reserve Bank of IndiaChakrabarty said banks should make use of the credit information bureau to share details of willful defaulters and shun them entirely.
- Service tax provisions to be used sparingly: FinminAllaying fears of the industry over introduction of harsh provisions in the service tax rules, a senior Finance Ministry official has said ...
- RBI proposes norms for takeover of business by ARCsReserve Bank today came up with draft guidelines for change in management or takeover of the company by reconstruction companies, in case o...
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