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Dear SC: Judiciary too has to take blame for the bad loan mess

Apr 28, 2016

Dear SC: Judiciary too has to take blame for the bad loan mess

The good part here is that the apex judicial institution in the country is paying close attention on the loan issue in the banking sector, including the fight against large corporate defaulters (as seen in the Vijay Mallya episode) #PSUs #Supreme Court #Kingfisher Airlines #SBI #Vijay Mallya #public sector banks #NPAs #bad loans #judicial intervention
Applying for job in SBI? Make sure you haven't defaulted on your EMIs

Apr 25, 2016

Applying for job in SBI? Make sure you haven't defaulted on your EMIs

The development comes against the backdrop of lenders, including SBI, facing flak for mounting bad loans, including the one related to Vijay Mallya's Kingfisher Airline to which the SBI-led consortium extended loans now amounting to Rs 9,000 crore. #SBI #Vijay Mallya #Kingfisher Airline #job applications #Credit history
Vijay Mallya refuses to give asset details: Why should India tolerate his defiance?

Apr 22, 2016

Vijay Mallya refuses to give asset details: Why should India tolerate his defiance?

Had Mallya been a genuine borrower, the industrialist would have made efforts to pay back the money well in advance and would not have waited till he is cornered by the banks, courts and the government agencies #Kingfisher Airlines #SBI #Vijay Mallya #External Affairs Ministry #ED #PNB #King of Good times #non-bailable arrest warrants
Vijay Mallya ready to increase settlement offer, says banks have no right to his overseas asset details

Apr 22, 2016

Vijay Mallya ready to increase settlement offer, says banks have no right to his overseas asset details

He has pointed out that neither did the banks take into account the overseas assets when they extended loans to him, nor did he buy them using the loans #NewsTracker #Supreme Court #Kingfisher Airlines #SBI #TheySaidIt #Vijay Mallya #ED #Asset Declaration
Vijay Mallya passport suspended: Is he another Lalit Modi in the making?

Apr 16, 2016

Vijay Mallya passport suspended: Is he another Lalit Modi in the making?

The next one week would decide two things. First, the fate of Vijay Mallya as a businessman, not just in India but anywhere in the world. Second, whether Indian banks and tax authorities will get their dues or not. Mallya’s defunct airline, Kingfisher, owes Rs 9,000 crore to a host of Indian banks. #Enforcement Directorate #ConnectTheDots #Lalit Modi #Kingfisher Airlines #SBI #Vijay Mallya #NPA #public sector banks #MEA #bad loans #Majeed Memon #diplomatic passport
SBI sees good monsoon to help agriculture GDP grow 7-8% in FY17

Apr 15, 2016

SBI sees good monsoon to help agriculture GDP grow 7-8% in FY17

SBI says the farm growth may pull-up baseline GDP by as much as 50 basis points #SBI #Economic growth #Monsoon #recovery #agriculture GDP
SBI-led consortium seek DRT's direction over Rs 594 cr claim made by Vijay Mallya's UBHL

Apr 14, 2016

SBI-led consortium seek DRT's direction over Rs 594 cr claim made by Vijay Mallya's UBHL

The UBHL, in its objections filed in the Debt Recovery Tribunal here on April 5, had contended that the lenders had sold 26 lakh equity shares of United Spirits Limited (USL) pledged to them before maturity #Kingfisher Airlines #SBI #Vijay Mallya #United Spirits #UBHL
Online petition demanding criminal proceedings against big corporate defaulters goes viral; Mallya's name included

Apr 08, 2016

Online petition demanding criminal proceedings against big corporate defaulters goes viral; Mallya's name included

An online petition demanding launch of criminal proceedings against big corporate defaulters like businessman Vijay Mallya has gone viral on social media platform with over 1.10 lakh people signing the plea on technology platform Change.org in this regard. #NewsTracker #Supreme Court #SBI #Arun Jaitley #Vijay Mallya #Kingfisher Airline #UB Group #Change.org #UBHL #corporate defaulters #Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (Sarfaesi) Act
Banks have finally shown some guts by rejecting Vijay Mallya's Rs 4,000-crore offer

Apr 07, 2016

Banks have finally shown some guts by rejecting Vijay Mallya's Rs 4,000-crore offer

In the place of Mallya, had it been a common man, who defaulted on his home or auto loan, an army of bank staff would have knocked at his door on the 91st day, to recover the money. There is no reason why Mallya et all should be treated differently. #SBI #Vijay Mallya #wilful defaulter #Bank NPAs