Sep 15, 2014 at 13:49 | Source: CNBC-TV18
The bank does not hold large portfolios of stress and aims to bring down its non-performing assets (NPAs) and non-performing loans (NPLs) going ahead.
Sep 14, 2014 at 16:08 | Source: PTI
Stories of Kingfisher Airlines and Bhushan Steel are only now emerging in trickles. The amount that has gone into corporate debt restructuring is another story; it contains all the marquee names, he said.
Sep 11, 2014 at 11:10 | Source: CNBC-TV18
The Gujarat High Court on Wednesday had partially struck down the earlier RBI circular on wilful defaulters calling the restrictions imposed on directors as "arbitrary and unreasonable." But the amended RBI circular states that guarantors, who refuse to fulfil obligations despite having resources, will also be treated as wilful defaulters.
Sep 10, 2014 at 18:04 | Source: Moneycontrol.com
RBI's master circular on wilful default list siphoning of funds, misrepresentation/falsification of records and fraudulent entry of transactions and restricts all directors of defaulting companies from banking services for any other ventures for five years.
Sep 10, 2014 at 15:28 | Source: Moneycontrol.com
D Narang, Executive Director of United Bank of India, which declared Kingfisher Airlines and its promoter Vijay Mallya wilful defaulter, said the bank has already served notice to UB Holdings.
Sep 10, 2014 at 12:04 | Source: CNBC-TV18
RBI has issued clarification on 'wilful defaulter' tag wherein it allowed banks to include key executives in the management as defaulters too. The central bank also wants banks to name non-group entities as wilful defaulters if they have given guarantees and dont pay up when the original party defaults.
Sep 09, 2014 at 08:26 | Source: CNBC-TV18
TCS | Aditya Birla Chemicals | IRB Infrastructure | Apollo Tyres | Kingfisher Airlines | Deccan Cements | Gammon Infrastructure | Jayshree Chemicals | Eicher Motors | Motherson Sumi | Mindtree | SKS Microfinance and TVS Motor Company are stocks, which are in the news today.
Sep 08, 2014 at 08:00 | Source: CNBC-TV18
KFA Gets Wilful Defaulter Tag! What Next?
Sep 06, 2014 at 16:05 | Source: PTI
"The wilful defaulter tag is a powerful weapon in the hands of creditors for resolving distressed assets. It shuts out access to credit within the Indian financial system for a borrower," Rajan said without naming Mallya.
Sep 04, 2014 at 14:02 | Source: CNBC-TV18
UBI recently declared the grounded airline and Mallya as wilful defaulters for non-payment of dues worth Rs 400 crore.