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5 mins read

10 financial scams that shook India: A dive into deception

From Ponzi schemes to bank frauds, the Indian government and investors have fallen victim to many f…

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3 mins read

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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3 mins read

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

Expel Vijay Mallya, Parliament’s Ethics Committee says on receiving his resignation

Not only this, he had also said that he has been targetted by the media and is disappointed by fell…

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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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2 mins read

Over Rs 68,600 cr loans of wilful defaulters, including Choksi, Mallya firms, written off: RBI in RTI reply

Rotomac Global Private Limited has funded advances of Rs 2,850 crore which have been technically wr…

PTI   


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2 mins read

Vijay Mallya loses appeal against extradition to India in UK High Court

Beleaguered liquor tycoon Vijay Mallya today lost an appeal against the extradition order to India …

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1 min read

Arun Jaitley warns Vijay Mallya of coercive action if dues are not paid on time

"I don't want to make any comments on individual cases but I think it's a responsibility of large g…

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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

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

ED hopeful of getting custody of Vijay Mallya soon

The official said that the system in the UK is a bit different, as Mallya needs to reach the t…

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1 min read

This one step by RBI led Vijay Mallya to lend huge amount

As per a report by Economic Times, banks restructured loans after RBI’s nod and an independent agen…

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2 mins read

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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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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1 min read

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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3 mins read

An Indian bank is still making the same mistake of hiding the worst and hoping for the best

To start with, Mumbai-based IndusInd’s profits fell by 62% in the fourth quarter compared to ₹9.5 …

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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

Vijay Mallya's Rs 4,000-crore offer doesn't impress banks; don’t want any terms or conditions

The 17 lenders are looking for a repayment of over Rs 9,000 crore, whereas Mallya offered Rs 4,000 …

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1 min read

SC issues notice to Vijay Mallya, asks to respond within four weeks

In his statement, the Attorney General added that Mallya is accountable to the public money that he…