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The default was reported in a quarterly filing with the U.S. Securities and Exchange Commission. A Plaza spokesperson said the owners were negotiating with their lender.
The Bangladesh Bank is not presenting the complete picture of non-performing loans (NPLs) in our banking sector, because there are some other loans that also qualify as NPLs that are not being counted, such as loan write-offs and risky loans.
On August 20, the Bank of Baroda issued a public notice saying Bollywood actor Sunny Deol had unpaid dues on a loan he had taken. The notice was later withdrawn but banks and lending institutions aim to recover their outstanding dues by seizing the defaulter's property and auctioning it as per the SARFAESI Act of 2002
In a post on X (formerly Twitter), Congress leader Jairam Ramesh wondered who triggered the technical reasons for the notice withdrawal | Latest News India
Concerned over the practice of banks and Non-Banking Financial Companies (NBFCs) using penal interest as a revenue enhancement tool, the Reserve Bank on Friday came out with modified...