Bank Loan Default

JBF Petrochemicals, a Mangalore-based company, is up for sale for defaulting on bank loans worth Rs 5,000 crore

These defaulters have the capacity to repay their loans but choose not to do so, says a report

C Parthasarathy was arrested for defaulting on a loan taken from the IndusIndbank in 2019 and diverting the fund to other bank accounts

The company dodged paying its principal amount and has held non-receipt of dues from Maharashtra State Electricity Distribution Company (MSEDCL) for the default

The agency has also carried out searches at various locations in Hyderabad in connection with the case

As per Ind-Ra's estimates, up to 7.7 per cent (Rs 8.4 trillion) of total bank credit in FY20

Measures to protect prudent commercial decisions of PSB brass

Sources said CRAs highlighted the differential disclosure norms for bond and bank-loan defaults could lead to information asymmetry and affect the rating process, leaving scope for manipulation

Don't be afraid to approach the lender for loan restructuring

Uttar Pradesh had signed over 1,000 MoUs worth Rs 4.68 trillion during Investors Summit

Based on the reports, the anti-corruption watchdog will recommend whether or not a CBI probe can be ordered

Delinquencies in personal loans stood at 0.79% and in home loans it was at 0.46%

Winsome, a diamond firm promoted by Jatin Mehta, is being probed both by the Enforcement Directorate and CBI