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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
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
Supreme Court supports making loan default amount public, but RBI is against it

Apr 12, 2016

Supreme Court supports making loan default amount public, but RBI is against it

The Supreme Court today favoured making public the total amount of outstanding loans given by banks to various individuals and entities and running into lakhs of crores of rupees as per the information provided to it by RBI in a sealed cover. #RBI #finance ministry #Supreme Court #NPA #CPIL #bad loan #loan defaulters list
Online petition demanding criminal proceedings against corp defaulters goes viral

Apr 08, 2016

Online petition demanding criminal proceedings against corp defaulters goes viral

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. #Kingfisher Airlines #Vijay Mallya #NPA #public sector banks #online petition #Change.org #bad loan #corporate loan defaulter
Supreme Court Vs RBI: Who is right on disclosing names of big loan defaulters? Answer is both

Mar 31, 2016

Supreme Court Vs RBI: Who is right on disclosing names of big loan defaulters? Answer is both

There is no second thought on the fact that public interest is paramount than commercial interest of institutions #CIBIL #RBI #Supreme Court #Vijay Mallya #NPA #Kingfisher #wilful defaulter
The ticking NPA clock: How many crores in bad loans are weighing on Indian banks' balance sheets?

Mar 17, 2016

The ticking NPA clock: How many crores in bad loans are weighing on Indian banks' balance sheets?

Mounting bad loans on the books of Indian banks, especially state-run lenders, is a major concern of the Reserve Bank of India (RBI) and the policymakers at government. #Banks #ConnectTheDots #Raghuram Rajan #NPA #bad loans #PSBs #GNPA
Auction ends; lenders fail to attract any bid for Vijay Mallya's Kingfisher House and other assets

Mar 17, 2016

Auction ends; lenders fail to attract any bid for Vijay Mallya's Kingfisher House and other assets

Lenders to long-grounded Kingfisher Airlines, owned by beleaguered businessman Vijay Mallya, today began auctioning the KFA headquarters - Kingfisher House - situated near the domestic airport here. #Kingfisher Airlines #Auction #SBI #Vijay Mallya #NPA #PSU banks #bad loans #Kingfisher House #AuctionTiger #SBICaps
Wilful defaulters should be treated like criminals and jailed: Yashwant Sinha

Mar 15, 2016

Wilful defaulters should be treated like criminals and jailed: Yashwant Sinha

Yashwant Sinha also said that there is a need for strong and swift implementation of the laws for financial crimes #BJP #Bharatiya Janata Party #TheySaidIt #NPA #Yashwant Sinha #Aam Aadmi Party #AAP #wilful defaulters #Ram Niwas Goel
Budget 2016: Six reasons why we should not expect anything radical this year from Jaitley

Feb 23, 2016

Budget 2016: Six reasons why we should not expect anything radical this year from Jaitley

The Budget is really a basic statement of account which involves some tinkering in places to ensure that overall borrowings are within the fiscal limits. #GDP #fiscal deficit #Arun Jaitley #NPA #Growth #GST #NDA #Union Budget 2016 #Economy 2016 #banking 2016