Hitting out at the Congress party, Finance Minister Nirmala Sitharaman has said that wilful defaulters were beneficiaries of 'phone banking' under the UPA regime and the Modi government is chasing them to recover the dues.
The State Bank of India on Friday revealed the names of 10 new big-ticket firms and their top officials and declared them as "wilful defaulters".
The government's move comes against the backdrop of defaults by liquor baron Vijay Mallya, fugitive diamantaires Mehul Choksi and Nirav Modi.
He said the PMO refused to comply with the direction of disclosure of action on Rajan's letter on "grounds which are not legal, which is unfortunate".
In a move that could prevent the government landing in a sticky situation in the case of loan defaults, the Lok Sabha on Monday passed a Bill that seeks to provide for more stringent provisions
New Delhi: Around 15 per cent of India's wilful defaulters who have found a place in the latest list released by All India Bank Employees Association (AIBEA) belong to Gujarati businessmen or businessmen based out
New Delhi: Acting tough against wilful defaulters, market regulator Securities and Exchange Board of India (Sebi) has proposed barring entities declared as wilful defaulters from fund raising via primary markets and taking control of listed
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