Most big defaulters are well-connected tycoons and have the money to employ legal eagles who can play the judicial system ~it is here the law flounders. India has some of the most draconian laws in books; they are ineffective against powerful dodgers. We keep producing new laws when the existing ones are adequate and just need more teeth to obtain results.
A multitude of fugitive bank defaulters thumbing their noses at the Government has brought in sharp focus all that is…
HDFC Bank on Thursday welcomed the government’s approval of Rs 24,000 crore foreign direct investment (FDI) into the bank. In…
In another move to bolster the Indian banking system, the Union Cabinet on Wednesday approved a Rs 24,000 crore foreign…
Over 23,000 cases of fraud involving a whopping Rs 1 lakh crore have been reported in the past five years…
