Remove tag default
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IL&FS moves NCLAT, seeks protection for group companies from wilful defaulter tag

CFO News

In its petition, IL&FS said it is aggrieved by the "blatant violation and disregard" of previous NCLAT orders by the banks. IL&FS also charged banks of taking procedural action under the garb of the RBI guidelines, and "harassing the Directors of the IL&FS companies"

Banking 52
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Lenders again move RBI on wilful defaulter tag for non-performing accounts

CFO News

Banks have again approached the Reserve Bank of India (RBI) to request an extension in the deadline for classifying non-performing accounts as wilful defaulters, according to sources familiar with the matter.

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Trending Sources

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Business parameters of companies improve after insolvency process: Study

CFO News

Some of the companies said that banks refused to remove the “defaultertag even after resolution, making it difficult for them to access loans. Wherever loans were available, the terms were a little tough.

Banking 52
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Banks reject proposal by corporates to club 'fraud' A/Cs & 'wilful defaulters'

CFO News

Banks have come together to reject a proposal by corporate lobbies to club borrowers tagged as 'fraud' accounts with 'wilful defaulters'.

Banking 52
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Russia in Ukraine: Let Loose the Dogs of War!

CFO News Room

Bond Markets and Default Risk. In times of trouble, the first to panic are often lenders to the entities involved, and in today’s markets, the extent of the reaction to country-level troubles can be captured in real time in the sovereign CDS (Credit Default Swap) markets. Other ratings agencies have also taken similar actions.

Economics 130
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Facebook Says Facial Recognition App Was Only Used By Employees

PYMNTS

Photo tagging used to be a default feature, but now it is something users have to opt into. The feature that suggests the identity of people in photos was the center of a 2015 lawsuit. The suit alleged that Facebook broke an Illinois biometric privacy law.

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Russia in Ukraine: Let Loose the Dogs of War!

Musings on Markets

Bond Markets and Default Risk In times of trouble, the first to panic are often lenders to the entities involved, and in today's markets, the extent of the reaction to country-level troubles can be captured in real time in the sovereign CDS (Credit Default Swap) markets. Other ratings agencies have also taken similar actions.

Economics 100