Finance

19 lenders file over 500 new wilful default cases worth rs 18,500 crore in June quarter

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“Typically, there is an increase in bad loans when economic conditions are stressed. This, in turn, leads to a greater scrutiny on these accounts during such time, which results in greater identification of wilful defaulters. So, one can expect more such cases to be reported in this economic cycle,”

Samir Paranjpe
Partner, Grant Thornton India LLP

This article appeared in Business Standard on 12th Sep, 2019.