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Wilful Defaulters Owe Rs 92,000 Crore To PSU Banks

Public sector banks have reported 20 per cent jump in the outstanding loans by nearly 9,000 wilful defaulters who collectively owed to lenders more than 92,000 crore at the end of March this year. The outstanding loans by wilful defaulters rose ...

Sebi can now hike its penalties; police to help in searches

New Delhi: With re-promulgation of the much- awaited Sebi ordinance, the market regulator can now enhance its own penalty against defaulters within three months while it can avail services of police and central government officers for search and seizure operations. ...

Take stern steps to recover loans from wilful defaulters: P. Chidambaram

Concerned over the mounting level of bad loans, Finance Minister P Chidambaram today asked banks to take stern steps to recover advances from wilful defaulters."So banks must pay attention to the portfolio of non-performing assets, identify the wilful defaulters, take stern ...

Defaulters may have to pay higher rates, warns RBI

Concerned over rising bad loans, the Reserve Bank today said it could consider making future borrowings more expensive for willful defaulters. Speaking at the Delhi Economic Conclave here, Reserve Bank of India (RBI) Governor Raghuram Rajan said the central bank will ...

Defaulters may have to pay higher rates, warns RBI

Concerned over rising bad loans, the Reserve Bank said it could consider making future borrowings more expensive for willful defaulters. Speaking at the Delhi Economic Conclave here, Reserve Bank of India (RBI) Governor Raghuram Rajan said the central bank will come ...

Economic growth to revive in second half of current fiscal

New Delhi: Finance Minister P Chidambaram on Friday said that economic growth will revive in the second half of the current financial year. Measures taken by the government will yield results and help India achieve potential growth rate of 8 percent ...

Finance Minister asks service tax defaulters to come clean

NEW DELHI: In a stern warning to 10 lakh service tax defaulters, Finance Minister P Chidambaram today asked them to come clean so as to avoid punishment. "We have reached the tipping point where we have to pause, take stock, ...

Stocks fudged, over-reported by NSEL defaulters: Income Tax department

NEW DELHI: The Income Tax department suspects possible tax evasion by defaulters of the National Spot Exchange Ltd (NSEL) as it has found that stocks projected by most of them are forged and over-reported, sources said. The department, on August ...

FMC asks NSEL to liquidate assets of defaulters

New Delhi: Commodity markets regulator FMC on Thursday directed NSEL to declare members, who have failed in making payments, as defaulters and liquidate all their realisable assets. The regulator also asked NSEL to auction defaulters' commodities lying in the accredited ...

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