PNB fraud fallout: Govt may revive plan for real-time default disclosures

Policy makers are turning the spotlight on dealings between lenders and troubled corporates as India attempts to resolve about $210 billion in bad loans

India’s finance ministry is in talks with the market regulator about requiring publicly traded companies to promptly report any missed interest or installment payments on borrowings, according to people with knowledge of the matter.

The Securities and Exchange Board of India’s earlier effort to tighten rules was deferred days before it was to take effect Oct. 1 after some banks questioned the requirement for disclosure within one working day, saying standard assets can technically default for a short period, according to the people, who asked not to be identified as the discussions are private. Talks between the government and Sebi