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Bad loans

News Reports

Big loan defaulters could soon be facing music as RBI plans to use insolvency laws

OpIndia Staff - 20 June, 2017

Reserve Bank of India is planning to use insolvency laws against the big loans defaulters.

News Reports

RBI identifies 12 accounts responsible for 25% of bad loans

OpIndia Staff - 14 June, 2017

Defaulters have not been named, but banks will be asked to initiate insolvency proceedings to recover the dues.

News Reports

Cabinet approves ordinance that gives teeth to RBI to recover bad loans

OpIndia Staff - 4 May, 2017

The move will empower the central bank to act on behalf of other banks against wilful defaulters.

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