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Bank of Baroda says 'sorry', will compensate farmer it mistook for Vijay Mallya guarantor

Jun 17, 2016

Bank of Baroda says 'sorry', will compensate farmer it mistook for Vijay Mallya guarantor

BoB has said its senior officers have met the “aggrieved customer” and apologised for the inconvenience in the wrongful freezing of accounts in Vijay Mallya case. #ConnectTheDots #Vijay Mallya #Bank of Baroda #NPA #Kingfisher #BoB #GroundReport #Corporate fraud #Loan default
BoB doesn't even know who guaranteed Vijay Mallya's loan of Rs 550 crore!

Jun 15, 2016

BoB doesn't even know who guaranteed Vijay Mallya's loan of Rs 550 crore!

This is the fourth part of a series that aims to look at how huge corporate loans are doled out without due diligence, using the Vijay Mallya case as an example #Kingfisher Airlines #BeatThis #Vijay Mallya #NPA #Manmohan Singh Kapur #GroundReport #Corporate fraud #bank loan fraud #Subhash R Gupte
Courts cannot perform executive function: Jaitley

Jun 09, 2016

Courts cannot perform executive function: Jaitley

Jaitley said if the judiciary fails to act, the executive cannot take up that role on the plea that there are mounting pending cases. #NewsTracker #Arun Jaitley #Judiciary #NPA #TS Thakur #Executive
Why central vigilance commission shouldn't be part of a NPA resolution forum

Jun 02, 2016

Why central vigilance commission shouldn't be part of a NPA resolution forum

The implicit rationale underpinning CVC’s induction is its overweening presence would deter and nip in the bud quid-pro- quo deals between the officialdom and the wily borrower #NPA #CVC #Central Vigilance Commission #Auditors
'Our NPA numbers not even 10% of GDP, make less noise about it,' says K V Kamath

May 10, 2016

'Our NPA numbers not even 10% of GDP, make less noise about it,' says K V Kamath

Kamath expressed confidence that country is certain to grow at 7.5 per cent and inching to the double-digits mark, and this can help the banks clean up the NPA problems in the short term itself. #India #K. V. Kamath #ICICI Bank #NPA #India GDP #Vajpayee govt
Budget session: India can grow faster if there is good monsoon, says Jaitley in LS

May 05, 2016

Budget session: India can grow faster if there is good monsoon, says Jaitley in LS

Notwithstanding global recession, India's economic situation is by far the best in the world and the country has the potential to do even better, Finance Minister Arun Jaitley told the Lok Sabha on Thursday. #Lok Sabha #NPA #parliament #World economy #Jaitley #tax payers
Vijay Mallya resigns as MP; says he is disappointed with Rajya Sabha colleagues

May 02, 2016

Vijay Mallya resigns as MP; says he is disappointed with Rajya Sabha colleagues

Embattled Liquor-baron, Vijay Mallya, has resigned from his capacity as a member of parliament, a week after the Rajya Sabha ethics panel recommended his termination. The committee had given Mallya a week to respond. Mallya’s MP status was supposed to expire in June, 2016. #Kingfisher Airlines #Vijay Mallya #NPA #IDBI Bank #PSU banks #Rajya Sabha MP #bank loan default
Supreme Court asks government to set up a panel to probe bad loans

Apr 26, 2016

Supreme Court asks government to set up a panel to probe bad loans

The Supreme Court on Tuesday asked the Union Finance Ministry to inform about the mechanism in place for recovery of huge Non-Performing Assets (NPAs) #RBI #Supreme Court #NPA #bad debt