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PSU loan defaults News

20 Nov 2016

16 of 22 PSU banks skip dividend in FY16 on mounting NPAs

Saddled with mounting bad loans, as many as 16 public sector banks, including PNB, BoB and Canara Bank, skipped paying dividend in 2015-16, leading to three-fold decline in government receipts to Rs 1,444.6 crore.

loan default case

29 Aug 2016

Vijay Mallya deliberately didn't disclose full assets: Banks to Supreme Court

A consortium of banks including SBI today told the Supreme Court that beleaguered businessman Vijay Mallya had deliberately not made full disclosure of his assets including USD 40 million which he received in February from a British firm.

RBI governor Raghuram Rajan

28 Jun 2016

Banks asset quality stress needs to be dealt first: RBI Governor

Stressing on need to continue with sound domestic policies and reforms, RBI Governor Raghuram Rajan today said banks' asset quality stress has to be dealt first in order to revive the credit growth.

PSU head meet with Finance Minister

06 Jun 2016

PSU banks to get more muscle to tackle bad loans

Public Sector Banks( PSUs) are going to get greater support from government in their struggle to recover bad loans.

loan defaulters

05 Jun 2016

Defaulters won't be allowed to sleep well: Finance Minister

Amid 10 state-run lenders suffering losses of over Rs 15,000 crore in the March quarter, Finance Minister has promised greater capital support to banks while warning that defaulters cannot be allowed to "sleep well", leaving all the worry to bankers.

02 Jun 2016

Loan default case: CBI may file multiple charge sheets against Vijay Mallya

CBI is planning to file multiple chargesheets against Vijay Mallaya as it has brought under its one FIR the cases of his alleged loan default, of now defunct Kingfisher Airlines, with various banks of over Rs 9,000 crore.

PSU loan defaults

20 May 2016

No bonus for PSU bank chiefs for missing targets!

25 Apr 2016

Rajya Sabha ethics panel recommends terminating Vijay Mallya's membership

The Ethics committee of Parliament took up the issue of beleaguered businessman Vijay Mallya, who is facing legal proceedings for alleged loan defaults by his group to the tune of over Rs 9,000 crore, and gave him a week to respond why his membership of the Upper House should not be terminated.

25 Apr 2016

Value of Vijay Mallya's British mansion is around Rs 100 crore!

Indian liquor baron Vijay Mallya, who owes Rs. 9,000 crores to various banks in the country, has been living at a $15 million mansion (around Rs 100 crore at INR-USD rate of 66.5275) in England`s Hertfordshire county.

22 Apr 2016

Vijay Mallya discloses his wealth abroad; says assets around Rs 780 crore

Disclosing his overseas wealth details, Vijay Mallya told the Supreme Court on Thursday that his collective family assets abroad amounted to Rs 780 crore.

18 Apr 2016

ED’s charges against Vijay Mallya shocking, says UB Group

Rejecting the charge that Vijay Mallya siphoned off nearly Rs 430 crore from the loan extended to Kingfisher Airlines by IDBI bank for acquiring property abroad., the UB Group said it would provide full details of foreign exchange remittances in the next few days.

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