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  UPA gave Vijay Mallya Rs 8,000 cr loan, Modi govt acting against him: Government informs Parliament

  March 17, 2017 17:11 IST

  The loan totalling over Rs 8,000 crore was given to liquor baron Vijay Mallya when the UPA government was in power, but the action against him for defaults was taken by the Modi government, Parliament

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  ‘India takes issue of loan defaulters very seriously’, says Arun Jaitley

  February 28, 2017 13:31 IST

  India takes the issue of defaulters very seriously, Finance Minister Arun Jaitley has said, indicating that he may raise the matter of liquor baron Vijay Mallya with his British counterpart.

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  India commits Rs 34 crores soft loans to Nepal

  February 19, 2017 23:31 IST

  India today committed soft loans amounting to $340 million (Rs 34 crores) to Nepal for infrastructure projects. Railways Minister Suresh Prabhu, who arrived here yesterday to attend the 'Nepal Infrastructure Summit 2017', signed a letter

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  HDFC slashes lending rate by 0.15 pc for existing customers

  January 19, 2017 16:50 IST

  In a move that should come as a cheer for home loan borrowers, mortgage lender HDFC Ltd today lowered its lending rates by 0.15 per cent for its existing customers. The company reduced its Retail

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  57 borrowers owe Rs 85,000 crore, why not make their names public: CJI Thakur asks RBI

  October 25, 2016 11:00 IST

  The Supreme Court said on Monday that the list of loan defaulters submitted by the Reserve Bank of India (RBI) showed that the 57 debtors had defaulted on repaying around Rs 85,000 crore.

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  China ups India’s $2 billion with $ 24 billion loan to Bangladesh

  World | October 14, 2016 15:56 IST

  China is all set to extend a staggering amount of $24 billion (Rs 1.6 lakh crore) in loan to Bangladesh when its President Xi Jinping visits the country today ahead of the BRICS Summit in

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  Fresh trouble for Mallya, CBI registers another case on SBI's complaint

  August 13, 2016 17:49 IST

  The Central Bureau of Investigation on Saturday registered a fresh case against liquor baron Vijay Mallya after a complaint by the State Bank Of India in connection with a loan default alleging irregularities in repayment

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  Rising NPAs, loan frauds drive banks to detectives’ alley

  June 19, 2016 13:49 IST

  New Delhi: Burgeoning cases of non-performing assets (NPAs) and piling loan frauds have led banks to private detectives for conducting ‘undercover’ operations to unearth hidden data against defaulters who have cheated them of crores of

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  Top 50 defaulters owe up to Rs 1.2 lakh crore to state-run banks

  May 03, 2016 22:20 IST

  New Delhi: The top 50 defaulters of public sector banks (PSBs) had exposure in excess of Rs 1.21 lakh crore as on December 2015, parliament was told today. "The total exposure of top 50

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  Indebted Vijay Mallya lives in a mansion worth $15 million in Britain

  April 25, 2016 16:17 IST

  London: Indian liquor baron Vijay Mallya, who owes Rs 9,000 crores to various banks in the country, has been living in a $15 million mansion in England's Hertfordshire county, The Sunday Times reported. The mansion

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  Applying for job in SBI? Check you credit history

  April 24, 2016 22:22 IST

  If you want to apply for a job at State Bank of India (SBI), any default on loans or credit card payment will render you ineligible.

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  First time in 15 years, Saudi Arabia seeks Rs 66k crore in foreign loan: report

  World | April 20, 2016 17:50 IST

  Faced with an unprecedented economic crunch over its dipping oil revenues, Saudi Arabia has reached an agreement with foreign banks for a $10 billion (Rs 66,200 crore) loan to bridge the gap in its state finances, a media report citing people privy t

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  Vijay Mallya’s UB Group denies ED charge of siphoning money to buy foreign properties

  April 18, 2016 12:27 IST

  New Delhi: Embattled liquor baron Vijay Mallya's UB Group today "strenuously denied" the allegation by the Enforcement Directorate that he siphoned off nearly Rs 430 crore from the loan extended to Kingfisher Airlines by IDBI

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  India signs $300 million loan agreement with World Bank

  March 01, 2016 22:23 IST

  New Delhi: India on Tuesday signed a loan agreement with multilateral lending agency World Bank for $300 million for Madhya Pradesh Higher Education Quality Improvement Project.The objective of the project is to improve student outcomes

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  Swachh Bharat: World Bank to lend US$1.5 bn to build toilets in India

  India | December 17, 2015 19:22 IST

  New Delhi: The World Bank has approved a loan of US$1.5 billion to help the government in its efforts to provide toilets in villages as part of the Swachh Bharat (Clean India) programme.The loan, which will

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  China's infra loans far more expensive than that of Japan: Arvind Panagariya

  November 29, 2015 16:45 IST

  Beijing: Pitching for large scale Chinese investments into India's massive infrastructure expansion plans, NITI Aayog Vice Chairman Arvind Panagariya has said China should make its loans attractive compared to Japan's “incredibly attractive” finance.Panagariya, who attended

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  Japan offers soft loan for bullet train project

  October 22, 2015 21:04 IST

  New Delhi: In a bid to surpass competition from China and other countries keen to be part of the first bullet train project, Japan has offered financial support besides technology for India's ambitious rail project.

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  Dodgy Data: Farmer suicides drop 67% in 6 years

  India | July 22, 2015 12:00 IST

  With 25 farmers in Karnataka committing suicide in June, it appears evident that rural India is in distress–the long-term cause, a growth rate of almost zero (0.2%), and the immediate cause, crop failures caused by

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  Modi gifts interest free loan worth Rs 6000cr

  India | June 10, 2015 15:51 IST

  New Delhi : The cabinet on Wednesday approved Rs.6,000 crore interest free loan to sugar mills to make payments to sugarcane farmers, Road Transport and Highways Minister Nitin Gadkari said.“We have taken this decision in

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  PMO to review steps to check loan frauds on Thursday

  May 10, 2015 17:00 IST

  NEW DELHI:  Amid a rising number of frauds and loan defaults in banking system, the Prime Minister's Office has called a meeting of Finance Ministry officials on Thursday to firm up measures to tackle such