Wilful Defaulters
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SBI Rs 7,000 Crorer Loan 'Write-Off' Not A Loan Waiver: Jaitley
Finance Minister Arun Jaitley asked opposition members in the Rajya Sabha not to go by the literal meaning of write-off.
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Nearly 9,000 Wilful Defaulters Owe Rs 92,000 Crore To Public Sector Banks
The number of wilful defaulters increased to 8,915 at the end of March as against 8,167 in the previous fiscal year, according to data collated by the Finance Ministry.
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Nearly 9,000 Wilful Defaulters Owe Rs 92,000 Crore To Public Sector Banks
The number of wilful defaulters increased to 8,915 at the end of March as against 8,167 in the previous fiscal year, according to data collated by the Finance Ministry.
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Bank Union Threatens To Disclose Names Of 7,000 Defaulters
All-India Bank Employees Association (AIBEA) on Saturday threatened to make public the names of top 7,000 wilful corporate loan defaulters who have defrauded around Rs 70,000 crore.
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Deal firmly with fraud, wilful default: Financial Services Secretary to banks
As part of its strategy to contain bad debts, the Finance Ministry has directed all public sector banks to accord top priority to cases of fraud and wilful default, and take legal action against those responsible.
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Banks Pile Pressure on Vijay Mallya Over Airline Loans
The airline founded by Mr Mallya failed to make a profit during the eight years from launch to the grounding of its fleet in October 2012 and has been unsuccessful in efforts to find new investors to revive operations.
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Vijay Mallya to Challenge Wilful Defaulter Tag, but May Face Turbulent Days
IDBI Bank is considering declaring Mallya a "wilful defaulter", the bank's chairman MS Raghavan told Reuters yesterday. State Bank of India and Punjab National Bank are among other big lenders who have given loan to the grounded carrier, which has not flown since October 2012.
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Vijay Mallya to Pursue Legal Action Against 'Wilful Defaulter' Tag
Declared a wilful defaulter by state-owned United Bank of India, UB group chairman Vijay Mallya today disagreed with the action of the lender and said he would pursue legal action.
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Wilful Defaulter Tag a 'Powerful Weapon' for Creditors: Rajan
Reserve Bank of India (RBI) Governor Raghuram Rajan has said the wilful defaulter tag is a powerful weapon in the hands of lenders for resolving bad loans.
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Court Seeks Responses of Centre, Kingfisher Airline on PNB Plea
Punjab National Bank (PNB), in its plea, has challenged an order of a single-judge bench of the high court which had allowed lawyers to represent the airline in the proceedings to decide whether the carrier and its guarantors, Mallya and United Breweries (Holdings) Ltd (UBHL) are to be held wilful defaulters for non-payment of dues of over Rs 770 c...
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Guarantor to be Tagged Wilful Defaulter if Obligations Not Met: RBI
Tightening noose around loan defaulters, the Reserve Bank of India (RBI) on Tuesday said guarantors who refuse to fulfil their obligations to lenders despite having adequate resources will also be treated as wilful defaulters.
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Kingfisher Airlines Contests Wilful Defaulter Tag
Debt-ridden Kingfisher Airlines on Tuesday contested United Bank of India's decision to declare it as a 'wilful defaulter', saying the Reserve Bank of India guidelines in this regard do not apply to the company.
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Sebi Working on Guidelines to Check Wilful Defaulters: UK Sinha
Earlier this month, United Bank of India had declared Kingfisher Airlines, its promoter Vijay Mallya and three other directors as wilful defaulter citing alleged diversion of funds.
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UBI's 'Wilful Defaulter' Tag Stayed by Calcutta High Court: Kingfisher
Beleaguered carrier Kingfisher Airlines said on Saturday that it has secured a stay from the Calcutta High Court on United Bank of India declaring the airline and its directors, including promoter Vijay Mallya, as wilful defaulters.
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UCO Bank Identifies Kingfisher Airlines as 'Wilful Defaulter': Report
City-based UCO Bank today said it has "identified" Vijay Mallya-owned Kingfisher Airlines (KFA) as a "wilful defaulter" and will be sending a notice to the defunct carrier.
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SBI Rs 7,000 Crorer Loan 'Write-Off' Not A Loan Waiver: Jaitley
Finance Minister Arun Jaitley asked opposition members in the Rajya Sabha not to go by the literal meaning of write-off.
-
Nearly 9,000 Wilful Defaulters Owe Rs 92,000 Crore To Public Sector Banks
The number of wilful defaulters increased to 8,915 at the end of March as against 8,167 in the previous fiscal year, according to data collated by the Finance Ministry.
-
Nearly 9,000 Wilful Defaulters Owe Rs 92,000 Crore To Public Sector Banks
The number of wilful defaulters increased to 8,915 at the end of March as against 8,167 in the previous fiscal year, according to data collated by the Finance Ministry.
-
Bank Union Threatens To Disclose Names Of 7,000 Defaulters
All-India Bank Employees Association (AIBEA) on Saturday threatened to make public the names of top 7,000 wilful corporate loan defaulters who have defrauded around Rs 70,000 crore.
-
Deal firmly with fraud, wilful default: Financial Services Secretary to banks
As part of its strategy to contain bad debts, the Finance Ministry has directed all public sector banks to accord top priority to cases of fraud and wilful default, and take legal action against those responsible.
-
Banks Pile Pressure on Vijay Mallya Over Airline Loans
The airline founded by Mr Mallya failed to make a profit during the eight years from launch to the grounding of its fleet in October 2012 and has been unsuccessful in efforts to find new investors to revive operations.
-
Vijay Mallya to Challenge Wilful Defaulter Tag, but May Face Turbulent Days
IDBI Bank is considering declaring Mallya a "wilful defaulter", the bank's chairman MS Raghavan told Reuters yesterday. State Bank of India and Punjab National Bank are among other big lenders who have given loan to the grounded carrier, which has not flown since October 2012.
-
Vijay Mallya to Pursue Legal Action Against 'Wilful Defaulter' Tag
Declared a wilful defaulter by state-owned United Bank of India, UB group chairman Vijay Mallya today disagreed with the action of the lender and said he would pursue legal action.
-
Wilful Defaulter Tag a 'Powerful Weapon' for Creditors: Rajan
Reserve Bank of India (RBI) Governor Raghuram Rajan has said the wilful defaulter tag is a powerful weapon in the hands of lenders for resolving bad loans.
-
Court Seeks Responses of Centre, Kingfisher Airline on PNB Plea
Punjab National Bank (PNB), in its plea, has challenged an order of a single-judge bench of the high court which had allowed lawyers to represent the airline in the proceedings to decide whether the carrier and its guarantors, Mallya and United Breweries (Holdings) Ltd (UBHL) are to be held wilful defaulters for non-payment of dues of over Rs 770 c...
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Guarantor to be Tagged Wilful Defaulter if Obligations Not Met: RBI
Tightening noose around loan defaulters, the Reserve Bank of India (RBI) on Tuesday said guarantors who refuse to fulfil their obligations to lenders despite having adequate resources will also be treated as wilful defaulters.
-
Kingfisher Airlines Contests Wilful Defaulter Tag
Debt-ridden Kingfisher Airlines on Tuesday contested United Bank of India's decision to declare it as a 'wilful defaulter', saying the Reserve Bank of India guidelines in this regard do not apply to the company.
-
Sebi Working on Guidelines to Check Wilful Defaulters: UK Sinha
Earlier this month, United Bank of India had declared Kingfisher Airlines, its promoter Vijay Mallya and three other directors as wilful defaulter citing alleged diversion of funds.
-
UBI's 'Wilful Defaulter' Tag Stayed by Calcutta High Court: Kingfisher
Beleaguered carrier Kingfisher Airlines said on Saturday that it has secured a stay from the Calcutta High Court on United Bank of India declaring the airline and its directors, including promoter Vijay Mallya, as wilful defaulters.
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UCO Bank Identifies Kingfisher Airlines as 'Wilful Defaulter': Report
City-based UCO Bank today said it has "identified" Vijay Mallya-owned Kingfisher Airlines (KFA) as a "wilful defaulter" and will be sending a notice to the defunct carrier.
