The Reserve Bank of India (RBI) has issued a draft master direction on the treatment of wilful defaulters, allowing borrowers to remove the tag by reaching a compromise settlement with banks… Read More

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CONTENTS RBI’s Proposed Six-Month Timeline for Wilful Defaulter Classification Context: The Reserve Bank of India (RBI) in a recent draft proposed that lenders… Read More

Read about Reserve Bank of India's (RBI) Draft Master Direction on treatment of wilful defaulters and large defaulters in 2023. Provide feedback by October 31, 2023. The post RBI Draft Maste… Read More

Wilful Defaulters, Fraudsters can go for Compromise settlement - RBI: Wilful defaulters and companies involved in fraud can go for a compromise settlement or technical write-offs by banks an… Read More

Hey ! Here are the key stock market updates for August 2nd, 2023 to help keep you in the know. But before we dive in, just a quick disclaimer that I'm not a financial advisor and this conten… Read More

Photo: PTI RBI allows banks to liquidate fraudulent accounts and deliberate defaultThe Reserve Bank of India (RBI) has given the biggest concession to the scammers (Wilful Defaulters) who… Read More

By Sujit Bhar There is a popular saying in India, which goes like this: “If you owe the bank Rs 1,000, it’s your problem. But if you owe the bank Rs 100 crore, it’s the… Read More

After dilly-dallying for over two years, the IDBI Bank Ltd. has finally declared the DHFL promoters and siblings — Kapil Wadhawan and Dheeraj Wadhawan — as ‘wil… Read More

A Delhi consumer forum has directed the SBI Cards & Payments Services Pvt. Ltd. to pay Rs 2 lakh to a person here for sending him bill even after his card’s expiry and blacklisting… Read More

Sarfaesi Act Loopholes The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) is an Act of the Parliament of India that wa… Read More

Jabalpur SARFAESI Lawyers SARFAESI Advocates SARFAESI Act DRT Jabalpur Madhya Pradesh SARFAESI stands for the Securitisation and Reconstruction of Financial Assets and Enforcement of Secu… Read More

The government keeps on announcing Amnesty schemes so that a one-time facility is provided to taxpayers to become tax complied by paying a reduced amount of late fees and penalties. Amnesty… Read More

The top-50 wilful defaulters owed a total of Rs 92,570 crore to Indian banks as of March 31, 2022, Minister of State for Finance Bhagwat Karad told Lok Sabha. Gitanjali Gems, which is o… Read More

Wilful Defaulter Rounded: A much-Requisite Munition or an ever growing ConundrumAs of ounted so you’re able to INR dos,forty two,602 crores out-of several,917 accounts. It amount has e… Read More

The resolute efforts made by the Reserve Bank of India to tackle bank frauds and take action against wilful defaulters have resulted in a material reduction of Non-Performing Assets (NPAs)… Read More

By Venkatesh Nayak* In recent years, whenever Parliament sessions are held, the data tabled by the Union Government with regard to the size of bad loans (non-performing assets or NPAs)… Read More

Author: Fahmida Khatun, Centre for Policy Dialogue Bangladesh’s economy is going through difficult times as multiple crises bite. High inflation, a fuel crisis, a fragile banking secto… Read More

According to Prime Minister Narendra Modi, a country’s economy is only as advanced as its financial system. The Indian PM expects a revolution in the country’s economy to come fr… Read More

Kolkata: Trinamool Congress Rajya Sabha MP Sukhendu Sekhar Roy said that TMC has decided to go ‘alone’ in the 2024 Lok Sabha elections.“TMC supremo Mamata Banerjee has been… Read More

Banks have written off loans worth about Rs 10 lakh crore in the last five financial years, Parliament was informed on Tuesday. During 2021-22, the write-off amount came down to Rs 1,57,096… Read More

Today’s Latest Business News Transcript at 9:30 am on 23rd August 2022“You are listening to the Expresso Business Update. Here is the latest news from the world of Indian and I… Read More

Chandigarh/ Jalandhar/ Ludhiana : Taxation Commissioner Punjab Mr Kamal Kishor Yadav today directed the Taxation officers to refund all the pending cases of VAT and GST by end of June. Chair… Read More

क्रेडिट इंफॉर्मेशन ब्‍यूरो ऑफ इ… Read More

HDFC bank personal loan is quite helpful when you have a shortage of the required funds. Through this scheme, you get funds starting from ₹50,000 to ₹ 40,00,000 for 60 months. I… Read More

The government is all set to come up with a new ordinance under the Insolvency and Bankruptcy Code to prevent wilful defaulters from bidding for their own assets. According to an official re… Read More