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Bar 'wilful' defaulters from capital mkts: RBI to SEBI

The central bank is exploring ways to share details of these defaulters with SEBI on real-time basis

July 31, 2014 9:30 IST | India Infoline News Service
The RBI (Reserve Bank of India) has suggested to SEBI (Securities and Exchange Board of India) that “willful” defaulters of bank loans should be prevented from raising funds through capital markets, according to a media report.
At present, the information about willful defaulters of bank loans are shared with SEBI and others, including credit information agencies on a quarterly basis.
The central bank is exploring ways to share details of these defaulters with SEBI on real-time basis, the report added.
The matter is yet to be discussed by Sebi internally and a final decision can be taken only after taking into account the provisions in various sets of existing regulations and the views of all stakeholders.

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