Bank Npa

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Bank Npa - Total results - 17
Raghuram Rajan note to parliamentary panel slams UPA mistakes; Congress blaming Modi for NPAs is bunkum
Business

Raghuram Rajan note to parliamentary panel slams UPA mistakes; Congress blaming Modi for NPAs is bunkum

Rajan's letter on NPA is a big eye-opener on the Indian economy; blaming the mess on Modi will be Congress' mistake

New NPA rules: Power producers' body accuses RBI of overruling Parliamentary standing panel
Business

New NPA rules: Power producers' body accuses RBI of overruling Parliamentary standing panel

The Association of Power Producers has accused the RBI of over-ruling the Parliamentary standing panel on power and key ministries with its February 12 circular that ended all the existing loan restructuring mechanisms and voted for insolvency code to resolve stressed assets

At FICCI event, Narendra Modi trains guns on Congress for bad loan mess, calls it 'big scam'
Business

At FICCI event, Narendra Modi trains guns on Congress for bad loan mess, calls it 'big scam'

Speaking at the 90th AGM of industry association Ficci, Narendra Modi said the non performing asset (NPA) or bad loans problem is a "liability" handed over by "economists" in the previous regime.

Insolvency proceeding: Gujarat High Court dismisses Essar Steel plea against RBI directive
Business

Insolvency proceeding: Gujarat High Court dismisses Essar Steel plea against RBI directive

The ruling paves the way for the start of bankruptcy proceedings against Essar Steel, although the company could appeal the ruling

Maharashtra farm loan waiver: Arun Jaitley insists states writing off agri debt will have to find own funds
Business

Maharashtra farm loan waiver: Arun Jaitley insists states writing off agri debt will have to find own funds

Earlier after Uttar Pradesh announced Rs 36,000 crore waiver, the finance minister had made it clear that states wouldn't get my financial assistance from Centre on this count.

Farm loan waiver affects credit discipline says RBI Deputy Governor S.S. Mundra
Business

Farm loan waiver affects credit discipline says RBI Deputy Governor S.S. Mundra

"The RBI's views has always been that farm loan waiver affects credit discipline," Mundra told reporters

DRT orders attachment of Mallya's assets to recover Rs 6,203 cr, questions Diageo's due diligence
Business

DRT orders attachment of Mallya's assets to recover Rs 6,203 cr, questions Diageo's due diligence

Diageo knew Vijay Mallya was a wilful defaulter and it was "taking a risk on their investments knowingly", the DRT has said, adding it had no sympathy for such acts

Loan waiver in 10 days of power, Kisan budget: Dear Rahul, this isn't even funny as ‘cot vanishing act’
Politics

Loan waiver in 10 days of power, Kisan budget: Dear Rahul, this isn't even funny as ‘cot vanishing act’

Rahul’s loan waiver promises and the idea of ‘kisan budget’ show that he is doing anything but executing a well thought out election plan addressing the real issues of the targeted vote bank and improve the Congress party’s fortunes in that state

Vijay Mallya PMLA case: ED to attach assets worth Rs 6,000 cr
Business

Vijay Mallya PMLA case: ED to attach assets worth Rs 6,000 cr

The agency, sources said, has identified some pledged shares, associated immovable and movable assets of Mallya and his family members that would be seized and frozen as part of its action plan to widen probe in the case

Vijay Mallya's famed US beer maker Mendocino in trouble too
Business

Vijay Mallya's famed US beer maker Mendocino in trouble too

Mendocino said if UBHL does not consummate debt financing, it would have a material adverse effect on the company's ability to continue to operate

Kingfisher's faulty business model may be behind Vijay Mallya's woes: Arun Jaitley
Business

Kingfisher's faulty business model may be behind Vijay Mallya's woes: Arun Jaitley

Jaitley also said he did not think Vijay Mallya's case had anything to do with the government as he had moved courts in many cases

SBI finally tags Vijay Mallya ‘wilful defaulter’, others still dragging feet. We need special courts to fix crony promoters
Business

SBI finally tags Vijay Mallya ‘wilful defaulter’, others still dragging feet. We need special courts to fix crony promoters

Till the time an effective judicial platform is set up to handle such cases, even the wilful defaulter tag is nothing more than a child's toy

The Rs 7,000 cr riddle: What is the invisible force that protects Vijay Mallya and Kingfisher?
Business

The Rs 7,000 cr riddle: What is the invisible force that protects Vijay Mallya and Kingfisher?

Nailing Mallya is even more critical for banks now for two reasons. This can reinstate the confidence in the banking system itself and send a message to other wilful defaulters

Skeletons tumble out of Mallya closet: Kingfisher Airlines diverted bank loans to tax havens
Business

Skeletons tumble out of Mallya closet: Kingfisher Airlines diverted bank loans to tax havens

It is alleged that the loan was sanctioned in violation of norms regarding credit limits.