Tag Archives: Defaulters

Top loan defaulters owe 27% of total amount to SBI alone

HIGHLIGHTS As many as 1,762 wilful defaulters owed Rs 25,104 crore to State Bank of India as on March 31 Punjab National Bank is next on the list with 1,120 wilful defaulters having bad loans of Rs 12,278 crore RBI has allowed banks to name and shame wilful defaulters by publishing their photographs NEW DELHI: Country’s largest lender SBI accounts for over ... Read More »

ICICI, Axis, SBI Gain, RBI To Get Power To Act Against Loan Defaulters

Shares of public and private sector lenders were witnessing good buying interest in trade today a day after the Union Cabinet empowered the Reserve Bank of India (RBI) to act against wilful defaulters. The Union Cabinet cleared an ordinance empowering the Reserve Bank of India (RBI) to act against wilful defaulters. The ordinance has been sent to the president for ... Read More »