Bank Defaulters
- All
- News
- Videos
-
At PM Modi's Meet With UK PM, Push To Extradite Vijay Mallya, Nirav Modi
Vijay Mallya is accused in a bank loan default case and fled India in 2016, while Nirav Modi is wanted by Indian authorities for defrauding the Punjab National Bank.
-
As Maldives Faces Debt Default, China Inks New Finance Pact. Details Here
China and Maldives have signed a new agreement today that allows Beijing to lend more financial support to the already debt-distressed nation. China's central bank has said the pact will also help strengthen trade and investment.
-
Non-Bailable Warrant Against Vijay Mallya In 180-Crore Loan Default Case
A special court in Mumbai has issued a non-bailable warrant (NBW) against fugitive businessman Vijay Mallya in a Rs 180-crore loan default case linked to Indian Overseas Bank (IOB).
-
Book Review | The Dirty Dozen: The Story Of India's 12 Biggest Corporate Defaulters
N. Sundaresha Subramanian chronicles the travails of the IBC in each of the 'Big Twelve' cases in finding the resolution. In some instances, the journey becomes more important than the destination.
-
Public Sector Banks Can't Issue Look Out Notices Against Defaulters: High Court
The Bombay High Court today ruled that public sector banks do not have the power in law to issue Look Out Circulars (LOCs) against default borrowers.
-
Naresh Goyal's Plea Against 'Illegal' Arrest Not Maintainable: High Court
The Bombay High Court on Tuesday rejected the petition filed by Jet Airways founder Naresh Goyal challenging his "illegal" arrest in a money laundering case linked to bank loan default, noting that the plea was not maintainable.
-
SBI To Send Chocolates To Borrowers Likely To Default On Monthly Repayments
The nation's largest lender State Bank of India is adopting a novel way to ensure timely repayments, especially by its retail borrowers, by greeting those likely to default on monthly installments with a pack of chocolates.
-
For Personal Loans, RBI Issues New Norms With 2 Key Changes. See Details
The Reserve Bank on Friday asked banks to provide fixed interest rate option to individual borrowers and directed the lenders to levy only reasonable penalty charges in case of default in EMI payments.
-
Bank Unions Oppose Move To Allow Compromise Settlement For Defaulters
Bank unions AIBOC and AIBEA have opposed the Reserve Bank's move to allow lenders to settle loans of wilful defaulters under compromise settlement.
-
Banks Can Now Go For Compromise Settlement Of Wilful Defaults, Fraud Accounts
In order to ensure maximum recovery from distressed assets, the Reserve Bank of India has allowed banks to go for compromise settlement of fraud accounts and wilful defaults.
-
How Banks And The Fed Are Preparing For A US Default - And Chaos To Follow
Convening war rooms, planning speedy bailouts and raising house-on-fire alarm bells: Those are a few of the ways the biggest banks and financial regulators are preparing for a potential default on U.S. debt.
-
RBI's Proposal To Regulate Bank Penal Charges Could Dent Revenues: Report
The Reserve Bank of India's (RBI) proposal to discourage banks from capitalising on penal charges and additional interest loan defaults could potentially weigh on lenders' revenues going forward, Morgan Stanley said.
-
Zee Entertainment, IndusInd Bank Settle Dispute Over Insolvency Proceedings, Pave Way For Sony Merger
Zee Entertainment Enterprises Ltd and IndusInd Bank Ltd told an Indian tribunal today that they have settled a dispute over a loan default, paving the way for the media company's merger with a local unit of Sony.
-
Deutsche Bank Shares Plummet, Fueling Crisis Fears
Shares in Deutsche Bank fell heavily on Friday on the lender's surging cost of default cover, reigniting fears about a widening banking sector crisis.
-
Vijay Mallya Bought Properties Worth Rs 330 Crore Amid Airline Crisis: CBI
Businessman Vijay Mallya bought properties worth Rs 330 crore in England and France during 2015-16 even as his Kingfisher Airlines was facing a cash crunch at that time and banks had not recovered the loans defaulted by the liquor baron.
-
At PM Modi's Meet With UK PM, Push To Extradite Vijay Mallya, Nirav Modi
Vijay Mallya is accused in a bank loan default case and fled India in 2016, while Nirav Modi is wanted by Indian authorities for defrauding the Punjab National Bank.
-
As Maldives Faces Debt Default, China Inks New Finance Pact. Details Here
China and Maldives have signed a new agreement today that allows Beijing to lend more financial support to the already debt-distressed nation. China's central bank has said the pact will also help strengthen trade and investment.
-
Non-Bailable Warrant Against Vijay Mallya In 180-Crore Loan Default Case
A special court in Mumbai has issued a non-bailable warrant (NBW) against fugitive businessman Vijay Mallya in a Rs 180-crore loan default case linked to Indian Overseas Bank (IOB).
-
Book Review | The Dirty Dozen: The Story Of India's 12 Biggest Corporate Defaulters
N. Sundaresha Subramanian chronicles the travails of the IBC in each of the 'Big Twelve' cases in finding the resolution. In some instances, the journey becomes more important than the destination.
-
Public Sector Banks Can't Issue Look Out Notices Against Defaulters: High Court
The Bombay High Court today ruled that public sector banks do not have the power in law to issue Look Out Circulars (LOCs) against default borrowers.
-
Naresh Goyal's Plea Against 'Illegal' Arrest Not Maintainable: High Court
The Bombay High Court on Tuesday rejected the petition filed by Jet Airways founder Naresh Goyal challenging his "illegal" arrest in a money laundering case linked to bank loan default, noting that the plea was not maintainable.
-
SBI To Send Chocolates To Borrowers Likely To Default On Monthly Repayments
The nation's largest lender State Bank of India is adopting a novel way to ensure timely repayments, especially by its retail borrowers, by greeting those likely to default on monthly installments with a pack of chocolates.
-
For Personal Loans, RBI Issues New Norms With 2 Key Changes. See Details
The Reserve Bank on Friday asked banks to provide fixed interest rate option to individual borrowers and directed the lenders to levy only reasonable penalty charges in case of default in EMI payments.
-
Bank Unions Oppose Move To Allow Compromise Settlement For Defaulters
Bank unions AIBOC and AIBEA have opposed the Reserve Bank's move to allow lenders to settle loans of wilful defaulters under compromise settlement.
-
Banks Can Now Go For Compromise Settlement Of Wilful Defaults, Fraud Accounts
In order to ensure maximum recovery from distressed assets, the Reserve Bank of India has allowed banks to go for compromise settlement of fraud accounts and wilful defaults.
-
How Banks And The Fed Are Preparing For A US Default - And Chaos To Follow
Convening war rooms, planning speedy bailouts and raising house-on-fire alarm bells: Those are a few of the ways the biggest banks and financial regulators are preparing for a potential default on U.S. debt.
-
RBI's Proposal To Regulate Bank Penal Charges Could Dent Revenues: Report
The Reserve Bank of India's (RBI) proposal to discourage banks from capitalising on penal charges and additional interest loan defaults could potentially weigh on lenders' revenues going forward, Morgan Stanley said.
-
Zee Entertainment, IndusInd Bank Settle Dispute Over Insolvency Proceedings, Pave Way For Sony Merger
Zee Entertainment Enterprises Ltd and IndusInd Bank Ltd told an Indian tribunal today that they have settled a dispute over a loan default, paving the way for the media company's merger with a local unit of Sony.
-
Deutsche Bank Shares Plummet, Fueling Crisis Fears
Shares in Deutsche Bank fell heavily on Friday on the lender's surging cost of default cover, reigniting fears about a widening banking sector crisis.
-
Vijay Mallya Bought Properties Worth Rs 330 Crore Amid Airline Crisis: CBI
Businessman Vijay Mallya bought properties worth Rs 330 crore in England and France during 2015-16 even as his Kingfisher Airlines was facing a cash crunch at that time and banks had not recovered the loans defaulted by the liquor baron.
