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Coronavirus: RBI Extends Moratorium On Auto Loans By 3 More Months
Measures will now be applicable for a total period of six months from March 1, 2020 to August 31, 2020.
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Rahul Gandhi, Take Tuitions From P Chidambaram: Prakash Javadekar
A day after Rahul Gandhi attacked the ruling BJP after the Reserve Bank of India (RBI) released a list of 50 wilful defaulters accused of cheating banks, saying the government had hidden the list from parliament because it included "friends" of the ruling party, Union Minister Prakash Javadekar dismissed his claims. Mr Javadekar said the top Congre...
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Mehul Choksi Tops RBI List Of Defaulters Who Owe Nearly Rs 70,000 Crore
Business tycoons Mehul Choksi, the Jhunjhunwala brothers, and Vijay Mallya are among the prominent individuals linked to companies named by the Reserve Bank of India (RBI) in a list of the top 50 wilful defaulters accused of scamming the country's banks.
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"This Is Why Truth Was Hidden": Rahul Gandhi On RBI's Defaulters List
Congress leader Rahul Gandhi on Tuesday cornered the government after the Reserve Bank of India (RBI) released a list of top 50 wilful defaulters accused of cheating Indian banks, saying that the BJP had "hidden" the list from parliament because it included friends of the ruling party.
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Crisis-Hit Yes Bank's Founder Rana Kapoor Arrested For Alleged Fraud
Rana Kapoor, the founder of crisis-hit Yes Bank, has been arrested by the Enforcement Directorate after two days of questioning in an alleged bank scam worth Rs 4,300 crore. He will be in their custody till March 11. The Reserve Bank of India (RBI) has capped transactions for every Yes Bank user at Rs 50,000 for a month, till April 3, after the pri...
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Telcos Pay Part Of Government Dues, RBI Flags Fresh Concern: 10 Points
Debt-ridden telecom firms have paid part of the Rs 1.47 lakh crore they owe to the government as the Reserve Bank expressed concern on Monday about the possibility of their defaulting on bank loans. Bharti Airtel made a payment of Rs 10,000 crore on Monday. Vodafone Idea and Tata Group have already paid their share. The telecom companies -- which h...
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In PMC Bank Crisis, Directors Of Firm Accused Of Loan Default Arrested
Two directors of the real estate firm HDIL that set off the massive crisis at the Punjab Maharashtra Co-operative (PMC) Bank by defaulting on loans worth nearly Rs 6,500 crore have been arrested. Rakesh Wadhawan and Sarang Wadhawan, senior executives at Housing Development and Infrastructure Ltd (HDIL), were arrested by the Economic Offences Wing o...
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Suspended PMC Bank Chief Hid Info From RBI Fearing "Reputational Loss"
Former Punjab Maharashtra Co-operative Bank Managing Director Joy Thomas has admitted to misleading the RBI for six to seven years by concealing and misreporting defaulted loans worth Rs 6,500 crore taken by crisis-hit real estate firm HDIL
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Ask RBI To Disclose List Of Wilful Loan Defaulters: Congress To Centre
The Congress on Sunday demanded that the BJP-led government direct the RBI to disclose the list of wilful loan defaulters, alleging it was not doing so to protect its "crony capitalist friends".
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Amid RBI Reluctance To Name Big Loan Defaulters, 4 Banks Lead The Way
In the wake of the Central Information Commission's notice to the Reserve Bank of India and the Prime Minister's office over their reluctance to make the names of wilful defaulters public, NDTV found at least four of the top ten public sector banks have already made this information available on their websites.
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RBI Chief Served Notice For Not Disclosing Wilful Defaulters' List
Reserve Bank of India Governor Urjit Patel has been served a show-cause notice by the Central Information Commission, the Right to Information watchdog, for "dishonouring" a Supreme Court judgment on the disclosure of the names of individuals designated as "wilful defaulters". The move comes in the middle of an ongoing tussle between the central ba...
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Ahead Of RBI Deadline, Bankers Push To Resolve Rs 3.8 Trillion Bad Loans
With a six-month deadline set by Reserve Bank of India to finalise resolution plans for around 70 large stressed accounts worth over Rs 3.8 trillion ending tomorrow, banks are burning midnight oil to avoid bankruptcy proceedings against defaulters who are mostly power producers.
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Banks Barred From Issuing Credit Guarantees After PNB Fraud: Latest Developments
In a major clampdown on banks after the Punjab National Bank (PNB)-Nirav Modi case, the Reserve Bank of India (RBI) on Tuesday barred banks from issuing letters of undertaking (LoUs) even as fresh details emerged about possibly the biggest fraud in India's banking history. Besides, the government revealed on Tuesday that alleged fraudster Mr Modi, ...
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RBI Announces New System To Settle Bad Loans
Last year, the RBI ordered banks to force roughly 40 of the biggest corporate loan defaulters into bankruptcy proceedings.
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With $207 Billion In Bad Loans, Banks Start Tougher Rules For Borrowers
Lenders are stepping up efforts to have safeguards in place as they struggle to clean up $207 billion of stressed loans in the system.
-
Coronavirus: RBI Extends Moratorium On Auto Loans By 3 More Months
Measures will now be applicable for a total period of six months from March 1, 2020 to August 31, 2020.
-
Rahul Gandhi, Take Tuitions From P Chidambaram: Prakash Javadekar
A day after Rahul Gandhi attacked the ruling BJP after the Reserve Bank of India (RBI) released a list of 50 wilful defaulters accused of cheating banks, saying the government had hidden the list from parliament because it included "friends" of the ruling party, Union Minister Prakash Javadekar dismissed his claims. Mr Javadekar said the top Congre...
-
Mehul Choksi Tops RBI List Of Defaulters Who Owe Nearly Rs 70,000 Crore
Business tycoons Mehul Choksi, the Jhunjhunwala brothers, and Vijay Mallya are among the prominent individuals linked to companies named by the Reserve Bank of India (RBI) in a list of the top 50 wilful defaulters accused of scamming the country's banks.
-
"This Is Why Truth Was Hidden": Rahul Gandhi On RBI's Defaulters List
Congress leader Rahul Gandhi on Tuesday cornered the government after the Reserve Bank of India (RBI) released a list of top 50 wilful defaulters accused of cheating Indian banks, saying that the BJP had "hidden" the list from parliament because it included friends of the ruling party.
-
Crisis-Hit Yes Bank's Founder Rana Kapoor Arrested For Alleged Fraud
Rana Kapoor, the founder of crisis-hit Yes Bank, has been arrested by the Enforcement Directorate after two days of questioning in an alleged bank scam worth Rs 4,300 crore. He will be in their custody till March 11. The Reserve Bank of India (RBI) has capped transactions for every Yes Bank user at Rs 50,000 for a month, till April 3, after the pri...
-
Telcos Pay Part Of Government Dues, RBI Flags Fresh Concern: 10 Points
Debt-ridden telecom firms have paid part of the Rs 1.47 lakh crore they owe to the government as the Reserve Bank expressed concern on Monday about the possibility of their defaulting on bank loans. Bharti Airtel made a payment of Rs 10,000 crore on Monday. Vodafone Idea and Tata Group have already paid their share. The telecom companies -- which h...
-
In PMC Bank Crisis, Directors Of Firm Accused Of Loan Default Arrested
Two directors of the real estate firm HDIL that set off the massive crisis at the Punjab Maharashtra Co-operative (PMC) Bank by defaulting on loans worth nearly Rs 6,500 crore have been arrested. Rakesh Wadhawan and Sarang Wadhawan, senior executives at Housing Development and Infrastructure Ltd (HDIL), were arrested by the Economic Offences Wing o...
-
Suspended PMC Bank Chief Hid Info From RBI Fearing "Reputational Loss"
Former Punjab Maharashtra Co-operative Bank Managing Director Joy Thomas has admitted to misleading the RBI for six to seven years by concealing and misreporting defaulted loans worth Rs 6,500 crore taken by crisis-hit real estate firm HDIL
-
Ask RBI To Disclose List Of Wilful Loan Defaulters: Congress To Centre
The Congress on Sunday demanded that the BJP-led government direct the RBI to disclose the list of wilful loan defaulters, alleging it was not doing so to protect its "crony capitalist friends".
-
Amid RBI Reluctance To Name Big Loan Defaulters, 4 Banks Lead The Way
In the wake of the Central Information Commission's notice to the Reserve Bank of India and the Prime Minister's office over their reluctance to make the names of wilful defaulters public, NDTV found at least four of the top ten public sector banks have already made this information available on their websites.
-
RBI Chief Served Notice For Not Disclosing Wilful Defaulters' List
Reserve Bank of India Governor Urjit Patel has been served a show-cause notice by the Central Information Commission, the Right to Information watchdog, for "dishonouring" a Supreme Court judgment on the disclosure of the names of individuals designated as "wilful defaulters". The move comes in the middle of an ongoing tussle between the central ba...
-
Ahead Of RBI Deadline, Bankers Push To Resolve Rs 3.8 Trillion Bad Loans
With a six-month deadline set by Reserve Bank of India to finalise resolution plans for around 70 large stressed accounts worth over Rs 3.8 trillion ending tomorrow, banks are burning midnight oil to avoid bankruptcy proceedings against defaulters who are mostly power producers.
-
Banks Barred From Issuing Credit Guarantees After PNB Fraud: Latest Developments
In a major clampdown on banks after the Punjab National Bank (PNB)-Nirav Modi case, the Reserve Bank of India (RBI) on Tuesday barred banks from issuing letters of undertaking (LoUs) even as fresh details emerged about possibly the biggest fraud in India's banking history. Besides, the government revealed on Tuesday that alleged fraudster Mr Modi, ...
-
RBI Announces New System To Settle Bad Loans
Last year, the RBI ordered banks to force roughly 40 of the biggest corporate loan defaulters into bankruptcy proceedings.
-
With $207 Billion In Bad Loans, Banks Start Tougher Rules For Borrowers
Lenders are stepping up efforts to have safeguards in place as they struggle to clean up $207 billion of stressed loans in the system.
