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Wilful defaulters News
PNB's big wilful defaulters' dues fall to Rs 15,354 cr in June
Sun, Jul 08, 2018
The data on big wilful defaulters is pertaining to those borrowers who took loan of Rs 25 lakh and above from the public sector lender. Such borrowers had an outstanding of Rs 15,490 crore at the end of May 2018.
Big wilful defaulters owe PNB Rs 15,172 crore
Sun, May 06, 2018
The data from the bank relates to those wilful defaulters who have taken loans of Rs 25 lakh and above but did not repay despite the ability to do so.
In big crackdown, Centre orders banks to 'name and shame' wilful defaulters
Tue, Mar 13, 2018
RBI’s new framework brings one ‘gateway’ for NPA resolution
Tue, Feb 13, 2018
Gross NPAs of banks continue to increase by 34.5% in Q3-FY18 on top of 59.3% last year, while NPA ratio touched 9.45% from 8.34% in December 2016.
Disclose names of defaulters, suggests parliamentary panel
Fri, Dec 22, 2017
There is an urgent need for banks to reduce stressed assets and clean up the balance sheets which would increase their ability to raise capital and improve credibility, the Committee on Petitions said in its report tabled in Parliament today.
Wilful defaulters in RBI's second list may face IBC proceedings
Wed, Dec 13, 2017
Axis Bank, which was the first to come out and reveal its exposure in these defaulters, stated in Q2FY18 result that it has exposure on 12 of the identified defaulters.
Wilful loan defaulters can't bid to buy back their assets
Thu, Nov 23, 2017
Under the revised rules, borrowers whose loan accounts are classed as non-performing for a year or more will not be eligible to bid for the assets in bankruptcy proceedings
Banks asked to prevent defaulters from buying stressed assets
Sun, Nov 19, 2017
As many as 12 accounts each having more than Rs 5,000 crore of outstanding loans and accounting for 25% of total NPAs of banks are being under the Insolvency and Bankruptcy Code process.
PSU banks took recovery action against 5,954 wilful defaulters, FinMin says
Sun, Aug 27, 2017
Total outstanding loans due to public sector banks by wilful defaulters amounted to Rs. 92,376 crore, according to the finance ministry data.
Defaulters owe 27% of total amount to SBI alone, PNB next
Sun, Aug 20, 2017
The total outstanding loans by wilful defaulters rose to Rs 92,376 crore at the end of financial year 2016-17, from Rs 76,685 crore at the end of last fiscal 2015-16 -- up 20.4%.
9,000 wilful defaulters owe Rs 92,000 crore to PSU banks
Tue, Aug 15, 2017
Public sector banks have reported 20 per cent jump in the outstanding loans by nearly 9,000 wilful defaulters who collectively owed to lenders more than 92,000 crore at the end of March this year.
Arun Jaitley tells parliament: 9,130 wilful defaulters owe Rs 91,155 crore to banks
Fri, Mar 17, 2017
Jaitley said that from out of the all the defaulters, suits against 8,364 have been filed with loan amounting to Rs 85,258 crore. FIRs on 2,024 defaulters with loan of Rs 29,557 crore have been initiated, the parliament was told.
Govt seeks to amend legislation to prevent future 'Vijay Mallya' incidents
Wed, Feb 01, 2017
Finance Minister, Arun Jaitley, on Wednesday while announcing the Union Budget for the year 2017-18 made an indirect reference to wilful defaulters like Vijay Mallya.
Disclosure of big defaulters' names will not lead anywhere: Supreme Court
Fri, Nov 18, 2016
The apex court was informed that only 57 borrowers have defaulted on bank loans amounting to a whopping Rs 85,000 crore.
Enforcement Directorate seizes fresh Mallya assets worth over Rs 1600 crore
Fri, Nov 11, 2016
With a special Prevention of Money laundering Act (PMLA) court allowing its plea for further attachments, Enforcement Directorate (ED) has seized under CrPC laws fresh assets worth Rs 1,620 crore of liquor baron Vijay Mallya in connection with its money laundering case against him and others.
RBI issue guidelines on publishing photographs of Wilful Defaulters
Thu, Sep 29, 2016
Considering the sensitivity involved and need of preventing the publishing of photographs of defaulting borrower/ guarantor in an indiscriminate manner, the RBI decided to chalk down some measures for lenders on publishing the wilful defaulters photographs.
SC asks banks to respond to Mallya's plea against contempt notice
Mon, Aug 29, 2016
The Supreme Court on Monday asked the consortium of banks led by the State Bank of India to respond to beleaguered liquor baron Vijay Mallya`s plea seeking the recall of the notice of contempt for allegedly not making full disclosure of all the assets owned by him and his family as directed by th
India's 'bad loans' problem in 8 charts
Thu, Jul 21, 2016
All India Bank Employee Association has released the data showing the total number of loan defaulters and the amount they owe. The data also segregates information based on banks.
Wilful defaulter loans over Rs 58,000 crore from 5,600 accounts
Thu, Jul 21, 2016
The All India Bank Employees’ Association has released a list of wilful defaulters.
913 wilful defaulters declared by PNB up to March 31
Tue, Jun 14, 2016
Punjab National Bank has declared its list of 913 wilful defaulters up till March 31, 2016. Top 10 on the list include: