Sep 30, 2014 at 15:54 | Source: PTI
According to the current definition, a wilful defaulter is somebody who has essentially not used the fund for the purpose it has been borrowed or when he has not repaid when he can do so; when he has siphoned off the funds or when he disposed of the assets pledged for availing of loan without the bank's knowledge.
Sep 30, 2014 at 09:11 | Source: CNBC
Mark Matthews, head of research, Asia at Bank Julius Baer agrees the Fragile Five club may not be as relevant this time around.
Sep 27, 2014 at 17:37 | Source: Moneycontrol.com
KFA and its erstwhile directors had filed a writ in Calcutta HC against UBI and others, challenging the constitutional validity of the RBI master circular on wilful defaulters as well as the ex-parte decision of UBIs grievance redressal committee.
Sep 26, 2014 at 09:26 | Source: Moneycontrol.com
Upping the ante in its bid for the UB Groups Mangalore Chemicals & Fertilizers (MCF), Pune-based Deepak Fertilizers has decided to sharply increase its open-offer price to acquire additional 25 percent stake in the firm from Rs 63 per share to Rs 93 per share.
Sep 24, 2014 at 21:52 | Source: CNBC-TV18
Arvind Sanger of Geosphere Capital is of the view that government is unlikely to find any takers if gas is priced at $6-6.5 per unit.
Sep 22, 2014 at 08:20 | Source: CNBC-TV18
ONGC | BPCL | GMR Infrastructure | Ipca Labs | Bharti Infratel | Maruti Suzuki | Power Grid | Sudarshan Chemical | Aegis Logistics | Suven Life | PFC | REC | SRG Housing Finance | SRG Securities and Hotel Leela are stocks, which are in the news today.
Sep 19, 2014 at 18:05 | Source: PTI
Kingfisher Airlines and directors declared as wilful defaulters would not be able to borrow from banks in the future. They would also lose director-level positions in companies and criminal proceeding could be initiated against them, if warranted, to recover the money.
Sep 19, 2014 at 08:22 | Source: CNBC-TV18
Tata Motors | Tata Chemicals | Tata Steel | Tata Power | Tech Mahindra | Bosch | GTL Infrastructure | SBI | Axis Bank | ICICI Bank | Manappuram Finance | United Spirits | Zee Entertainment | MCX India | SPML Infra | Cipla and Biocon are stocks, which are in the news today.
Sep 17, 2014 at 16:15 | Source: PTI
Earlier this month, United Bank of India had declared Kingfisher Airlines, its promoter Vijay Mallya and three other directors as wilful defaulter citing alleged diversion of funds.
Sep 15, 2014 at 08:20 | Source: CNBC-TV18
SAIL | BPCL | HPCL | IOC | YES Bank | JSW Steel | Bajaj Electricals | PTC India Financial | Fortis Healthcare | Wockhardt | KS Oils and United Breweries Holdings are stocks, which are in the news today.