Monday, September 1, 2014

Sebi, RBI mull fund-raising restraint on wilful defaulters

.......To facilitate such restrictions on entities found to have 'wilfully' defaulted on bank loans, the Reserve Bank is exploring ways to share details of these defaulters with Sebi on a real time basis. "My own feeling is that we should go along with RBI on this, but the process will take some time," Sinha told PTI. "There is a difference between NPA and wilful defaulter. Wilful defaulter means that the bank has already come to a finding and the process has gone to a certain level ..... .. 



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