Wilful Defaulters Archives - Centre for Financial Accountability

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Failing Resolutions, Faltering Recovery: Unchecked Vikas of Corporate Defaulters

The gap between the IBC’s intended purpose and its real-world uses raises worries about the overall economic impac...

Article

RBI’s ‘freebies’ for wilful defaulters makes a mockery of the banking system

Anirban Bhattacharya & Pranay Raj A Reserve Bank of India statement on June 8 has set off a raging debate. The bank ...

Coverage

Article

Bank Unions AIBOC, AIBEA Oppose RBI’s Decision to Allow Compromise Settlement for Wilful Defaulters

All India Bank Officers’ Confederation and All India Bank Employees Association, criticised the recent move by the Reser...

General Indian Economy National Financial Institutions

Article

Random Reflections-The Tamasha about Write off, Waive off and the Reality

When COVID-19 cases are increasing, people are waiting for relief package every day, states are begging the Centre for ...

Blog Indian Economy Random Reflections

Article

The Gospel on Wilful Defaulters, According to RBI

The Reserve Bank of India, in 2015, issued a Master Circular on Wilful Defaulters, which starts with Introduction: “Purs...

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March 18, 2024

Nancy Pathak

Failing Resolutions, Faltering Recovery: Unchecked Vikas of Corporate Defaulters

The gap between the IBC’s intended purpose and its real-world uses raises worries about the overall economic impact. Amidst the pursuit of debt recovery, the banking sector is witnessing an erosion of public money. The collateral effects of Insolvency and Bankruptcy Code (IBC)-induced haircuts...

Coverage General Indian Economy

Article

June 30, 2023

Anirban Bhattacharya & Pranay Raj

RBI’s ‘freebies’ for wilful defaulters makes a mockery of the banking system

Anirban Bhattacharya & Pranay Raj A Reserve Bank of India statement on June 8 has set off a raging debate. The bank has allowed for write-offs and compromise settlements for even frauds and wilful defaulters frauds “without prejudice to the criminal proceedings underway against such debtors”. Am...

Coverage

Article

June 14, 2023

CFA Admin

Bank Unions AIBOC, AIBEA Oppose RBI’s Decision to Allow Compromise Settlement for Wilful Defaulters

All India Bank Officers’ Confederation and All India Bank Employees Association, criticised the recent move by the Reserve Bank of India (RBI) to allow Banks/lenders to settle loans of wilful defaulters under compromise settlement. The unions said that the recently released RBI’s “framework for comp...

General Indian Economy National Financial Institutions

Article

May 5, 2020

Thomas Franco

Random Reflections-The Tamasha about Write off, Waive off and the Reality

When COVID-19 cases are increasing, people are waiting for relief package every day, states are begging the Centre for release of GST share, permit more loans, allow RBI to lend to states at repo rate, provide more PPEs and testing equipment, the Finance Minister tweeted with 13 threads defending w...

Blog Indian Economy Random Reflections

Article

December 17, 2018

Randhir Singh

The Gospel on Wilful Defaulters, According to RBI

The Reserve Bank of India, in 2015, issued a Master Circular on Wilful Defaulters, which starts with Introduction: “Pursuant to the instructions of the Central Vigilance Commission for collection of information on wilful defaults of Rs. 25 lakhs and above by RBI and dissemination to the reporting ba...

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Wilful Defaulters

Failing Resolutions, Faltering Recovery: Unchecked Vikas of Corporate Defaulters

RBI’s ‘freebies’ for wilful defaulters makes a mockery of the banking system

Bank Unions AIBOC, AIBEA Oppose RBI’s Decision to Allow Compromise Settlement for Wilful Defaulters

Random Reflections-The Tamasha about Write off, Waive off and the Reality

The Gospel on Wilful Defaulters, According to RBI

Failing Resolutions, Faltering Recovery: Unchecked Vikas of Corporate Defaulters

RBI’s ‘freebies’ for wilful defaulters makes a mockery of the banking system

Bank Unions AIBOC, AIBEA Oppose RBI’s Decision to Allow Compromise Settlement for Wilful Defaulters

Random Reflections-The Tamasha about Write off, Waive off and the Reality

The Gospel on Wilful Defaulters, According to RBI