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loan default

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The crux of RBI’s assessment is that while the worst is over, the economy is not out of the woods yet(REUTERS)

The economy is still fragile | HT Editorial

Hindustan Times | By HT Correspondent
PUBLISHED ON OCT 12, 2020 06:22 AM IST
Financial sector stability and low demand remain key challenges
The Reserve Bank of India (RBI) did not extend a moratorium on loan repayment by small and medium enterprises (MSMEs) that ended on August 31.(REUTERS)
The Reserve Bank of India (RBI) did not extend a moratorium on loan repayment by small and medium enterprises (MSMEs) that ended on August 31.(REUTERS)

Banks to roll out stressed loans resolution scheme by Sept 15

Hindustan Times, New Delhi | By Rajeev Jayaswal
PUBLISHED ON SEP 03, 2020 07:17 PM IST
Finance minister Nirmala Sitharaman asked banks and NBFCs to factor in Covid-19 related distress to assess creditworthiness of the borrowers when rolling out their resolution schemes for stressed borrowers.
The issue was raised by Leader of Opposition Gopal Bhargava during a discussion on the farm loan waiver scheme.(PTI File Photo)
The issue was raised by Leader of Opposition Gopal Bhargava during a discussion on the farm loan waiver scheme.(PTI File Photo)

In assembly, BJP leader reads out recovery notices to MP farmers; Congress denies

Bhopal | By Press Trust of India
UPDATED ON JUL 20, 2019 08:26 PM IST
The BJP, which lost power to the Congress after 15 years in December last year, also alleged that 71 farmers had committed suicide in the state in the last six months.
This included loans given to Siva Group, apart from those given to its own group of companies. The agency claimed that the top management knew of the probable stress because of the loan defaults.(HT Photo)
This included loans given to Siva Group, apart from those given to its own group of companies. The agency claimed that the top management knew of the probable stress because of the loan defaults.(HT Photo)

IL&FS case: SFIO files complaints against 30 accused

Hindustan Times, Mumbai | By HT Correspondent
UPDATED ON JUN 02, 2019 05:29 AM IST
In their complaint, SFIO claimed that IFIN extended loans to external parties, many of which had already begun defaulting.
The right to equality is meaningless in the absence of equitable and accessible financial growth for every citizen(REUTERS)
The right to equality is meaningless in the absence of equitable and accessible financial growth for every citizen(REUTERS)

India must correct the imbalance arising from financial exclusion

By Marko Carevic
UPDATED ON MAY 18, 2019 06:02 PM IST
While the government is going ahead with what can do, the private sector has a significant role to play in achieving an all-round, inclusion-predicated, transformation of India
Congress president Rahul Gandhi with Sonia Gandhi releasing the Congress party manifesto 2019 for upcoming Lok Sabha election at AICC, in New Delhi, India, on Tuesday, April 2.(Ajay Aggarwal/HT PHOTO)
Congress president Rahul Gandhi with Sonia Gandhi releasing the Congress party manifesto 2019 for upcoming Lok Sabha election at AICC, in New Delhi, India, on Tuesday, April 2.(Ajay Aggarwal/HT PHOTO)

Lok Sabha election 2019: Separate farm budget, no jail for loan defaults on Congress agenda

Hindustan Times, New Delhi | By HT Correspondent, New Delhi
UPDATED ON APR 03, 2019 08:07 AM IST
The party’s 22-point farm and rural agenda focuses on greater state intervention and public investment in the sector hit by a long spell of poor returns.
New Delhi, Apr 02 (ANI): Congress Party President Rahul Gandhi addresses after releases party election menifesto in New Delhi on Tuesday. (ANI Photo)(ANI Photo)
New Delhi, Apr 02 (ANI): Congress Party President Rahul Gandhi addresses after releases party election menifesto in New Delhi on Tuesday. (ANI Photo)(ANI Photo)

‘Will not treat loan default by farmers as criminal offence’, says Rahul Gandhi at Congress manifesto release

Indo Asian News Service | By Indo Asian News Service
UPDATED ON APR 02, 2019 02:19 PM IST
Congress election manifesto 2019: Farmers who are unable to return loans they take from banks will no more face criminal but only civil cases, Rahul Gandhi said.
Nirav Modi(Aniruddha Chowdhury/Mint)
Nirav Modi(Aniruddha Chowdhury/Mint)

Nirav Modi cannot return to India, afraid of getting lynched, lawyer tells court

Mumbai | By Press Trust of India
UPDATED ON DEC 01, 2018 05:13 PM IST
Nirav Modi’s lawyer Vijay Agarwal stated this while arguing before Prevention of Money Laundering Act (PMLA) court Judge MS Azmi against the ED’s application to declare Modi a fugitive under the Fugitive Economic Offenders Act.
A view of a seized cars at RR Nagar in Bengaluru.(Arijit Sen/HT Photo)
A view of a seized cars at RR Nagar in Bengaluru.(Arijit Sen/HT Photo)

Bengaluru’s taxi wastelands: Loan defaults put a brake on the cab dream

Hindustan Times, Bengaluru | By Vikram Gopal
UPDATED ON OCT 03, 2018 08:34 PM IST
Many cabs attached with Ola and Uber are lying unused in parking lots and garages, seized by financial institutions and private moneylenders from those who could not repay vehicle loans.
Vijay Mallya leaves Westminster Magistrates Court in London, Britain on September 12.(REUTERS)
Vijay Mallya leaves Westminster Magistrates Court in London, Britain on September 12.(REUTERS)

SBI denies laxity on its part in dealing with Vijay Mallya case

New Delhi | By Press Trust of India
UPDATED ON SEP 14, 2018 11:21 PM IST
Vijay Mallya has been facing legal proceedings for defaulting on loans of more than Rs 9,000 crore from a consortium of 17 banks.
Mallya is contesting money laundering charges in London as part of India’s efforts to extradite him from there and face the legal system here in connection with an overall alleged loan default of over Rs 9,000 crore of various banks.(AP Photo)
Mallya is contesting money laundering charges in London as part of India’s efforts to extradite him from there and face the legal system here in connection with an overall alleged loan default of over Rs 9,000 crore of various banks.(AP Photo)

Vijay Mallya says wrote to PM in April 2016, is ‘tired of govt’s relentless pursuit’ of him

Hindustan Times, London | By Prasun Sonwalkar
UPDATED ON JUN 26, 2018 10:57 PM IST
“I have become the “Poster Boy” of bank default and a lightning rod of public anger,” says Vijay Mallya in a statement on Twitter.
The CBI has charged Rotomac CMD Vikram Kothari (pictured), his son and director Rahul Kothari, then AGM of Bank of Baroda SK Upadhyay, then senior manager of the bank Om Prakash Kapoor and then bank manager Shashi Bishwas in the loan default case.(PTI/File Photo)
The CBI has charged Rotomac CMD Vikram Kothari (pictured), his son and director Rahul Kothari, then AGM of Bank of Baroda SK Upadhyay, then senior manager of the bank Om Prakash Kapoor and then bank manager Shashi Bishwas in the loan default case.(PTI/File Photo)

CBI files charge-sheet against Rotomac in Rs 456-cr loan default case

Press Trust of India, New Delhi | By HT Correspondent
PUBLISHED ON MAY 21, 2018 09:22 PM IST
The CBI has alleged that Rotomac directors diverted loan funds, issued for packing credit, to other purposes. A consortium of seven nationalised banks had given loans worth Rs 2,919 crore to Rotomac from 2008 onwards, the CBI FIR alleged.
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