A borrower classified by banks as a wilful defaulter when default is intentional despite capacity to repay, funds are siphoned off, or assets are disposed of without bank knowledge. Debarred from accessing bank credit and capital markets.
Last updated: 17 May 2026
A borrower classified by banks as a wilful defaulter when default is intentional despite capacity to repay, funds are siphoned off, or assets are disposed of without bank knowledge. Debarred from accessing bank credit and capital markets.
Wilful Defaulter is significant under RBI because A borrower classified by banks as a wilful defaulter when default is intentional despite capacity to repay, funds are siphoned off, or assets are disposed of without bank knowledge. Debarred from accessing bank credit and capital markets.
Wilful Defaulter under RBI applies to companies, professionals, and individuals involved in RBI-related compliance and regulatory matters in India. Specifically: A borrower classified by banks as a wilful defaulter when default is intentional despite capacity to repay, funds are siphoned off, or assets are disp...