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SEBI takes crucial decisions on defaulters, REITs and markets
Thu, Dec 28, 2017
SEBI chief Ajay Tyagi approved the Universal Exchange Convergence effective from October 2018.
NPA crisis: RBI prepares second list of defaulters for insolvency proceedings
Wed, Aug 30, 2017
RBI is initiating insolvency proceedings for defaulters who account about 60% banks stressed assets. After identifying 12 accounts, RBI has guided banks over second list of defaulters for insolvency.
Defaulters can't be given endless opportunities, warns Jaitley
Sat, Nov 05, 2016
Making a strong case for expeditious adjudication of debt recovery cases, Finance Minister Arun Jaitley today said the doctrine of natural justice of giving opportunity to defaulters to defend themselves need not be carried to an "unnatural extent".
New amendments for easier loan recovery by banks passed in Rajya Sabha
Tue, Aug 09, 2016
The Rajya Sabha on Tuesday passed a bill that seeks to amend four laws that, among other matters, seek to empower banks to take possession of collateral in the case of loan default, except for farm land.
Sebi to recover Rs 55,000 crore from defaulters
Tue, Jun 14, 2016
Markets regulator Sebi has initiated recovery proceedings against defaulters to collect more than Rs 55,000 crore, largely on account of its clampdown on illicit money-pooling schemes.