To tackle the issue of defaulters fleeing the country after cheating banks, an enabling legislation - The Insolvency and Bankruptcy Code, 2016 - was passed which envisaged attachment of properties, she said.
The government decision to recapitalise the public sector banks by infusing Rs. 2.11 lakh crore amounts to virtually pardoning corporates…
The Reserve Bank of India (RBI) has identified the second batch of large accounts which have defaulted in repayment of…
The Rajya Sabha on Thursday passed the Banking Regulation (Amendment) Bill, 2017, which will enable the government to empower the…
The Reserve Bank of India (RBI) has refused to make public the list of loan defaulters with public sector banks…
India takes the issue of defaulters very seriously, Finance Minister Arun Jaitley has said, indicating that he may raise the…
With the government planning to frame a law to prevent loan defaulters from fleeing the country, beleaguered liquor baron Vijay…
In order to prevent loan defaulters like liquor baron Vijay Mallya from fleeing the country, the government plans to bring…
