Remove tag wilful defaulter
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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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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