OTHER GROUP COMPANIES
market

List of wilful defaulters should be submitted on real-time basis: SBI

At present, the list of defaulters is provided once every quarter by RBI based on submissions by individual banks.

January 21, 2014 12:38 IST | India Infoline News Service
State Bank of India (SBI) said that it wants the list of wilful defaulters to be circulated to banks on a real-time basis, according to a media report.
At present, the list of defaulters is provided once every quarter by RBI based on submissions by individual banks. The public sector bank has taken up the matter with the Reserve Bank of India (RBI), the report added.
According to SBI, the objective is to prevent defaulters from seeking loans from other banks before RBI can circulate their name with other banks, the report further said.


OPEN A DEMAT ACCOUNT & Get
FREE Benefits Worth 5,000

FEATURED ARTICLE

BLOGS

Open Demat Account

  • 0

    Per Order for ETF & Mutual Funds Brokerage

  • 20

    Per Order for Delivery, Intraday, F&O, Currency & Commodity