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Ratul Puri vs Punjab National Bank on 29 February, 2024

Ratul Puri vs Punjab National Bank on 29 February, 2024
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Wilful default: RBI to tweak rules to give lenders flexibility in handling cases

The Reserve Bank of India (RBI) is considering making in-person hearings with borrowers mandatory for lenders dealing with potential wilful defaulters, in an effort to increase chances of recovery at an early stage. ....

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rbi: RBI proposes changes in wilful defaulter norms

Large defaulters are those that have an outstanding amount of Rs 1 crore and above. According to RBI data, there were about 16,000 cases of wilful default involving nearly Rs 3.5 lakh crore at the end of 2022. ....

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