Loan Default Case

Kuwait's Gulf Bank files cases against Kerala nurses for loan defaults

Ten cases registered so far as Gulf Bank alleges large-scale loan default by Kerala expats

Fake lending apps: How RBI plans to end this menace with a repository

To tackle the issue of fake lending apps, RBI on Thursday proposed creating a public repository of digital lending apps

Mumbai Special Court issues non-bailable warrant against Vijay Mallya

Vijay Mallya was declared a fugitive under the Fugitive Economic Offenders Act in 2019. The recent non-bailable warrant has been issued for a Rs 180 crore loan default

Edtech company Byju's plans asset sale to pay off $1.2 billion loan

The lenders are evaluating Byju's proposed amendment and have reportedly asked for more information about the loan repayment proposal

RBI proposal on loan loss provisions to raise bank capital needs: Analysts

The Indian central bank's discussion paper suggesting banks make provisions on bad loans using an expected credit loss (ECL) method could raise capital requirements for lenders, analysts said

Banks consortium gets over Rs 792 crore in Mallya loan default case: ED

The State Bank of India-led consortium that lent loans to fugitive businessman Vijay Mallya on Friday received Rs 792.11 crore in its accounts after some shares, earlier attached under the anti-money laundering law, were sold, the Enforcement Directorate said.

Loan defaults mainly due to salary delays, biz downturns, says survey

The survey comes months after official data showed that unemployment is at a four-decade high, the pace of economic growth slipping to a six-year low

19 lenders file 529 wilful default cases worth Rs 18,500 cr in June quarter

Amount outstanding is up by over a tenth in a quarter

Credit rating agencies likely to get access to loan default details

At present, banks do not share with CRAs details of a company's existing and future borrowing

CBI files Rs 970-mn loan default case against Simbhaoli Sugars, officials

The Central Bureau of Investigation (CBI) on Sunday registered a case on a complaint from Oriental Bank of Commerce (OBC) against a private sugar company based at Simbhaoli in Hapur district of Uttar Pradesh for defaulting loan.The case is registered against the chief managing director (CMD) of the company and others including directors, chief executive Officer (CEO), chief financial Officer (CFO) and unknown bank officials and other private persons, u/s 120-B r/w sec. 420 & 409 of the Indian Penal Code (IPC) and Sec. 13(2) r/w 13(1)(d) of the Prevention of Corruption Act, 1988 for causing a loss of Rs.109.08 crore (approximately) to the bank.It was alleged that the Oriental Bank of Commerce had sanctioned a loan amounting to Rs.148.60 crore in 2011 to the said private company.The loan was sanctioned for financing individual / joint liability groups (JLG) / self help groups (SLG) / sugarcane farmers in a tie-up arrangement under the Reserve Bank of India (RBI) scheme to 5,762 ...

Loan default: Listed companies get breather from Sebi

In July, the regulator had asked listed banks to make disclosures if provisioning and NPAs assessed by the RBI exceeded 15 per cent of published financials

Loan defaults: Adopt ethical approach, Arun Jaitley asks industry

There are about 7,686 wilful defaulters who owe Rs 66,190 crore to public sector banks. Of these, suits have been filed in 6,816 cases and FIR has been lodged 1,669 cases

Loan default case: ED quizzes Kingfisher Airlines' ex-CFO

ED has asked over 6 officials of IDBI, KFA to submit details about their personal finance, IT returns of last 5 years