India authorises public sector bank CEOs to request for look-out circulars against wilful defaulters
NEW DELHI: To check wilful defaulters and fraudsters from fleeing the country, the government of India has now authorised CEOs of public sector banks (PSBs) to make request for issuance of look-out circulars (LOCs) against suspects. The move comes against the backdrop of defaults by Vijay Mallya, Nirav Modi and Mehul Choksi and thereafter, fleeing […]