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Wilful defaulters News

18 Feb 2018

Nirav Modi effect? PNB sees 23% rise in outstandings against big wilful defaulters

The 123-year old state-lender has unearthed Rs 11,400 crore fraud allegedly involving billionaire jeweller Nirav Modi and associate entities.

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.

21 Jun 2016

Wilful defaulters: IT dept to use powers to arrest, detain

Officials have been directed not to shy away from the rare provisions of arrest, detention and auctioning of attached assets of wilful income tax defaulters.

Punjab National Bank

14 Jun 2016

Punjab National Bank declares list of 913 wilful defaulters; Kingfisher Airlines owes Rs 597.44 cr

The large wilful defaulters, according to the list published by PNB, include embattled businessman Vijay Mallya's Kingfisher Airlines with an outstanding of Rs 597.44 crore.

12 May 2016

Bank employees union calls for nationwide strike on Aug 29

An umbrella body of bank unions has called for a nationwide strike on August 29 to protest against the government's banking reforms.

07 May 2016

Will make list of wilful defaulters public: RBI Governor

Reserve Bank is working on a new system for making public the list of wilful defaulters, while a new mechanism is being put in place for out-of-court settlement of bad loan-related disputes, Governor Raghuram Rajan said.

13 Mar 2016

Vijay Mallya loan case: All wilful defaulters to be brought to justice, says govt

Minister of State for Finance Jayant Sinha said wilful defaulters and the corporates that are unable to repay loans as their business being hit due to global slowdown should not be commingled.

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.

24 Feb 2016

SBI's Rs 11,700-crore locked as bad loans with wilful defaulters

Loans worth Rs 11,700 crore given by State Bank of India have been locked up as non-performing assets as nearly 1,160 defaulters have willfully decided not to repay.

Punjab National Bank

23 Feb 2016

PNB declares 900 firms as wilful defaulters; owe Rs 11,000 crore

The bank has declared 904 entities as wilful defaulters with outstanding loan of Rs 10,869.71 crore at the end of December.

Kingfisher Airlines

17 Dec 2015

Wilful defaulter case: HC allows Kingfisher Airlines to argue its case before PNB

The Delhi High Court Thursday uphold its single judge's decision allowing Kingfisher Airlines lawyers to appear before lending bank Punjab National Bank (PNB) in the process to declare the ailing carrier and its guarantors, Vijay Mallya and UBHL, as wilful defaulters.

13 Dec 2015

PSU banks register 1,624 FIRs against wilful defaulters

As many as 1,624 First Information Reports (FIRs) have been filed with regard to wilful defaults.

23 Nov 2015

Clean up balance sheets, you have all powers to deal with wilful defaulters: FM Jaitley to banks

Finance Minister Arun Jaitley Monday asked state-owned banks to clean up their balance sheets at the earliest, stressing that they have all the powers to deal with wilful defaulters.

23 Nov 2015

SBI tags Vijay Mallya, Kingfisher Airlines and UB as wilful defaulters

After a protracted legal battle, State Bank of India (SBI) has declared industrialist Vijay Mallya a 'wilful defaulter' for defaults on nearly Rs 7,000 crore loans to the long-grounded Kingfisher Airlines.

28 Jul 2015

PNB identifies 400 wilful defaulters; to sell Rs 3,000 crore NPAs

Saddled with bad loans, PNB on Tuesday said it has reported to RBI 400 'wilful defaulters', and plans to sell Non Performing Assets worth up to Rs 3,000 crore to ARCs in the current fiscal.

23 Apr 2015

RBI issues mechanism for identification of wilful defaulters

RBI Thursday said a non-whole time director of a defaulting company can be classified as a wilful defaulter only if there is conclusive proof that the person concerned is in the know of loan default.

Wilful defaulters

10 Feb 2015

Number of penalty defaulters rise by 16% to 1,614: Sebi

The number of entities having defaulted on payment of penalties and other fines imposed by Sebi has risen to 1,614, a sharp increase of 16 percent from the year-ago levels.

06 Jan 2015

Sebi to bar wilful defaulters from raising funds, takeovers

To sternly deal with wilful defaulters, market regulator Sebi on Tuesday proposed barring such entities from raising funds from the capital markets, as also from taking control of a listed company.

05 Dec 2014

Banks battling big spurt in bad loans: Arun Jaitley

In view of the major increase in their non-performing assets (NPA), banks are taking a number of steps against wilful defaulters to recover loans, Finance Minister Arun Jaitley said Friday.

Wilful defaulters

19 Nov 2014

Wilful defaulters to face curbs on fund mop-up frm capital market

To sternly deal with wilful defaulters, Sebi on Wednesday decided to impose restrictions on such entities with respect to raising funds from capital markets.

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