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Loan defaults News

liquidity crisis

06 Jun 2017

Telecom sector woes do not pose systemic threat to banks: Fitch

In the wake of recent liquidity crisis at Reliance Communications, global rating agency Fitch Ratings today said though the country's banks do not have large exposure to the telecom sector, but defaults could affect lenders with weak financials.

All-India Bank Employees Association

16 Jul 2016

Bank union threatens to disclose names of 7,000 defaulters

All-India Bank Employees Association (AIBEA) Sunday threatened to make public the names of top 7,000 wilful corporate loan defaulters who have defrauded around Rs 70,000 crore.

24 Apr 2016

This largest defaulter after Vijay Mallya's KFA has paid back a fraction of loan to lenders

The Winsome group is reported to owe banks and lenders a sum of Rs 6,800 crore.

Corporate debt in India

19 Apr 2016

Corporate debt worth $178 billion at default risk: BNP Paribas

A whopping 16.1 percent or USD 178 billion worth of corporate credit in India is at risk of default, making the domestic banking system the worst in Asia in terms of bad loans, says a report.

27 Mar 2016

PSU bad loans: Will not spare defaulters looting our banks, says PM Modi

Prime Minister Narendra Modi has said that the government will not spare those who have been looting the banks by not repaying the huge loans borrowed by them, and deal with them appropriately.

Finance Ministry

16 Mar 2016

FinMin to meet bank officials on March 21 on loan recovery

The finance ministry has convened a meeting of senior bankers of public lenders dealing with large loan defaults next week as part of an exercise to clean up balance sheet of banks.

11 Mar 2016

Sebi to crack whip on wilful defaulters, relax start-up norms

Amid a huge controversy over loan defaults by Vijay Mallya-led UB Group firms, regulator Sebi plans to choke fund-raising taps for 'wilful defaulters' while fund-raising norms are set to be made easier for start-ups as part of wide-ranging reforms in capital markets.

10 Mar 2016

Banks should have acted earlier to stop Vijay Mallya: FM Jaitley

Finance Minister Arun Jaitley on Thursday said banks should have acted earlier to stop Vijay Mallya from going abroad, even as he warned of "appropriate action" against those responsible for any "inaction" in recovery of dues totalling over Rs 9,000 crore in the case.

02 Mar 2016

CBI sets up group to deal with financial frauds, loan defaults

The CBI Wednesday vowed not to spare scamsters however mighty or rich they may be and announced formation of a working group that will coordinate with various financial institutions to help curb financial frauds.

05 May 2015

No proposal to make CBI lead probe agency for loan defaults: FM Jaitley

The government on Tuesday said there is no proposal to make CBI the lead agency for investigating all major corporate loan default cases.

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