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Bank Loan Default

Rising small-loan defaults may throw risk into India's broader economy

Personal-loan growth is moderating as the central bank last year clamped down on risky lending practices following a post-pandemic surge in credit

Rising small-loan defaults may throw risk into India's broader economy
Updated On : 05 Nov 2024 | 8:36 AM IST

Telecom company MTNL defaults on Rs 422 cr loan payments from various banks

State-owned telecom company MTNL has defaulted on bank loan payments worth Rs 422.05 crore, a regulatory filing said on Monday. The total default amount comprises Rs 328.75 crore default on instalment of principal and Rs 93.3 crore towards interest on debt for June and July. According to the details shared by MTNL, it has defaulted on the payment of Rs 155.76 crore on debt raised from Union Bank of India, Rs 140.37 crore from State Bank of India, Rs 40.33 crore from Bank of India, Rs 40.01 crore from Punjab & Sind Bank, Rs 41.54 crore from Punjab National Bank and Rs 4.04 crore from UCO Bank. The telecom firm earlier raised Rs 5,573.52 crore in debt from these banks. The loss-making telecom firm has total borrowings of Rs 7,873.52 crore from banks and financial institutions, and the total debt of the company stands at Rs 31,944.51 crore. MTNL has sought Rs 1,151.65 crore from the government for payment of interest arising out of sovereign guarantee bonds in the current ...

Telecom company MTNL defaults on Rs 422 cr loan payments from various banks
Updated On : 05 Aug 2024 | 11:58 PM IST

RIL may be lone bidder for JBF Petrochem, which defaulted on Rs 5K-cr loan

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

RIL may be lone bidder for JBF Petrochem, which defaulted on Rs 5K-cr loan
Updated On : 22 Aug 2022 | 12:09 AM IST

Wilful loan defaults grow 10 times since 2012 to Rs 2.4 trn: Report

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

Wilful loan defaults grow 10 times since 2012 to Rs 2.4 trn: Report
Updated On : 20 Jul 2022 | 1:12 PM IST

Chairman of Karvy Stock Broking arrested for defaulting on bank loan

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

Chairman of Karvy Stock Broking arrested for defaulting on bank loan
Updated On : 20 Aug 2021 | 2:16 AM IST

Deepak Kochhar's NuPower Renewables blames bank loan default on MSEDCL

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

Deepak Kochhar's NuPower Renewables blames bank loan default on MSEDCL
Updated On : 09 Apr 2021 | 4:14 AM IST

Bank-loan default case: CBI books director, CEO of Golden Jubilee Hotels

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

Bank-loan default case: CBI books director, CEO of Golden Jubilee Hotels
Updated On : 01 Apr 2021 | 8:29 PM IST

Loan recast of stressed assets comes with a higher cost: India Ratings

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

Loan recast of stressed assets comes with a higher cost: India Ratings
Updated On : 27 Sep 2020 | 8:03 PM IST

Bankers get shield from fraud heat; boards of PSBs to be held accountable

Measures to protect prudent commercial decisions of PSB brass

Bankers get shield from fraud heat; boards of PSBs to be held accountable
Updated On : 29 Jan 2020 | 3:20 AM IST

Rating agencies move RBI, Sebi over new rule on loan default disclosures

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

Rating agencies move RBI, Sebi over new rule on loan default disclosures
Updated On : 29 Jan 2020 | 12:56 AM IST

Defaulted on a loan? Here's how you can deal with the burden of repayment

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

Defaulted on a loan? Here's how you can deal with the burden of repayment
Updated On : 14 Jan 2020 | 1:05 AM IST

Bank loan defaults: Yogi government checking debt profile of investors

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

Bank loan defaults: Yogi government checking debt profile of investors
Updated On : 06 Mar 2018 | 6:05 PM IST

Banks to report frauds of Rs one crore and above to CVC

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

Banks to report frauds of Rs one crore and above to CVC
Updated On : 31 Oct 2016 | 4:20 PM IST

Delinquencies of personal loans lower than those of home loans, says Equifax

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

Delinquencies of personal loans lower than those of home loans, says Equifax
Updated On : 07 Sep 2016 | 2:27 AM IST

Bank loan default: ED attaches Rs 172 cr assets of diamond firm

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

Bank loan default: ED attaches Rs 172 cr assets of diamond firm
Updated On : 31 May 2016 | 5:38 PM IST