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Tag: Bank Defaulters

Hotel Sealed By Bank
High Drama: Bank Seals Hotel Over Loan Default, Owner Rescued By Police From Inside

High drama unfolded on the streets of Bhubaneswar on Monday evening when the officials of Odisha Gramya Bank sealed off a hotel at Infocity road in Patia over non-repayment of loan.

Oriental Bank reveals loan exposure to Nirav Modi, Choksi

Mumbai: For the first time, the public sector Oriental Bank of Commerce (OBC) has come clean on its loan exposure to the absconding diamantaires Nirav Modi and his uncle Mehul C. Choksi, here on Friday. The development comes ahead of the OBC’s upcoming merger with the Punjab National Bank (PNB) which – in February 2018 […]

Modi hints at GST concessions, warns of strict action against bank defaulters

Mumbai: Prime Minister Narendra Modi on Tuesday said the government is aiming to bring 99 per cent of items below the 18 per cent GST slab and warned of stringent action against defaulters of bank loan and fugitives. “Before GST, registered enterprises numbered 65 lakh, which has now increased by 55 lakh. Today, the GST […]