The Finance Ministry may ask state-run lenders to seek the certified passport details of borrowers with an exposure of INR Fifty (Indian National Rupees Crores) and above to help prevent them fleeing the country in case of default or wrongdoing of any kind, a senior government official said. This comes as the government is expected to table the Fugitive Economic Offenders bill in the ongoing session of parliament. The idea is under deliberation, a Senior Government official said.

March 12th, 2018