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Former IDBI GM conspired with Vijay Mallya over short term loan to Kingfisher Airlines: CBI

A senior IDBI Bank official allegedly conspired with businessman Vijay Mallya for sanction and disb…

PTI   


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India's most wanted borrower Vijay Mallya gets sentenced to 4 months in jail

The Supreme Court on Monday awarded four-month sentence to fugitive businessman Vijay Mallya in a c…

PTI   


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2 mins read

Indian banks might never recover ₹68,607 crore of bad loans says RTI data

Prominent RTI activist Saket Gokhale had filed an RTI query with the RBI seeking details of the …

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1 min read

Lost hopes! SBI expects to recover only part of Kingfisher loans

"There are no takers for the Kingfisher Airlines brands which are valued (at) Rs 7-315 crore." a se…

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2 mins read

Vijay Mallya wants to sell his assets to pay back loans, but it might be too little too late

Also, he refuses to concede that the firms defaulted on their loans for any reasons other than…

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1 min read

Mallya’s Kingfisher House in Mumbai now on auction by SBI for more than Rs 150 crore

The base price for the Andheri office has been fixed at Rs.150 crore, and the bank has already rece…

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1 min read

SBI offers one-time settlement of Kingfisher loans but Mallya has some conditions

To this, Mallya has put some conditions which are said to unacceptable to the bank, as said by SBI …

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3 mins read

Vijay Mallya’s journey from a businessman to a fraudster

Here is the breakdown of Mallya’s journey from a businessman to a wilful defaulter. 1) Mallya owes …

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1 min read

A little too late! Mallya flew out of India before banks could take a stay order against him

The amount that Mallya owes to these banks runs up to over Rs 9,000 crore, the reason why the banks…

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1 min read

Vijay Mallya takes to Twitter to reveal what made him escape the country without paying loan amount

Defending himself in a string of tweets, Mallya said all he sought was help related to policy change

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1 min read

Defaulters must not flaunt money: Raghuram Rajan's veiled snide at Vijay Mallya for celebrating 60th birthday in style in Goa

"If you are in trouble, you should be cutting down your expenses," said Rajan in what appeared to b…

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Nirav Modi, Punjab National Bank scandal, Rolls-Royce and the rise of a Mumbai auction house

An on-site live auction is set for February 27 and an online bidding on March 3 and 4, with bo…

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2 mins read

Vijay Mallya's homecoming judgement might come next week

New Delhi is putting all its efforts to put Mallya behind the Indian bars. A judgement on Mally…

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1 min read

SBI cleans up its balance sheets by writing off loans of 63 willful defaulters, including Vijay Mallya

SBI has mostly dropped the money willfully under Collection Account (AUCA), commonly known as a wri…

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Meet Hemant Kanoria, the only man who made profit out of his loans to Kingfisher Airlines

He, however, didn’t shy away from comparing the Chinese ecommerce giant with Sahaj, where rural e-k…

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Kingfisher Airlines fails to repay loan, SBI Cap confiscates properties

The company had issued a demand notice to the airline and its directors, on May 3, 2013 under Secti…

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India just moved a step closer to securing the extradition of Vijay Mallya

Javid’s verdict is an important victory for India. In addition to the severity of Mallya’s fin…

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The extradition of Vijay Mallya: The Indian government has secured a key victory but a lot more work remains

Mallya is suspected to have misled the executives of several Indian banks, including the governm…

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Will attend all matches and cheer for India all through Champions Trophy, says Vijay Mallya

Mallya has said that he plans to attend all future matches that India would play and cheer team …