The State Bank of India on Friday revealed the names of 10 new big-ticket firms and their top officials and declared them as "wilful defaulters".
The government's move comes against the backdrop of defaults by liquor baron Vijay Mallya, fugitive diamantaires Mehul Choksi and Nirav Modi.
He said the PMO refused to comply with the direction of disclosure of action on Rajan's letter on "grounds which are not legal, which is unfortunate".
In a move that could prevent the government landing in a sticky situation in the case of loan defaults, the Lok Sabha on Monday passed a Bill that seeks to provide for more stringent provisions
New Delhi: Around 15 per cent of India's wilful defaulters who have found a place in the latest list released by All India Bank Employees Association (AIBEA) belong to Gujarati businessmen or businessmen based out
Vijay Mallya made a public appearance in the United Kingdom to attend the team bosses’ press conference ahead of the Formula 1 British Grand Prix
Lucknow/New Delhi: Manmohan Singh, a resident of Khajuria-Nibiram in Pilibhit district's Bhilsanda block and a farmer who owns eight acres of farm land, could never have imagined that he could even remotely be connected to five-star wilful defaulter
The top 50 defaulters of public sector banks had an exposure of Rs 1.21 lakh crore as on December 2015, Minister of State for Finance Jayant Sinha informed parliament today.
Facing a string of accusations ranging from money laundering to loan fraud, beleaguered industrialist Vijay Mallya today tendered his resignation as a member of the Rajya Sabha.
the Supreme Court today ordered the liquor baron to make all information over the assets owned by him and his family available to banks in a sealed envelope
The government today reaffirmed its commitment to bring back beleaguered industrialist Vijay Mallya to face the law of the land. Ind an indication that the government was looking to toughen its stand on Mallya, the government said it was undertaking
In the latest development in the ongoing loan default case in the Supreme Court, Vijay Mallya has questioned the rights of the banks to seek information of his assets abroad. In an affidavit filed before the apex court, Mallya claimed that he was not
The Ministry of External Affairs has suspended the passport of beleaguered industrialist Vijay Mallya. The move follows Mallya’s no-show for the third time to summons issued by the Enforcement Directorate in connection with the Rs 900 crore loan that
at least 1,219 Directors who serve on boards of listed companies also serve in the same capacity at companies which have been declared as wilful defaulters
the Finance ministry has said that the service tax department will "very shortly" auction liquor baron Vijay Mallya's aircraft to recover dues estimated at nearly Rs 535 crore.
Two internal notes by the IDBI Bank, which lent Rs 900 crore to beleaguered liquor baron Vijay Mallya in March 2009, indicate a marked difference in the bank’s stance on the grant of loan.
Wilful loan defaulters will no longer be able to raise public funds through stocks and bonds, markets regulator Securities and Exchange Board of India (SEBI) ruled today. They will also be barred from taking up plum posts at listed companies.
Mumbai: After a protracted legal battle, State Bank of India (SBI) has declared industrialist Vijay Mallya a 'wilful defaulter' for defaults on nearly Rs 7,000 crore loans to the long-grounded Kingfisher Airlines."SBI has declared Mallya,
New Delhi: Acting tough against wilful defaulters, market regulator Securities and Exchange Board of India (Sebi) has proposed barring entities declared as wilful defaulters from fund raising via primary markets and taking control of listed
Kolkata: The State Bank of India (SBI), which has an exposure of Rs 1,600 crore to grounded airline Kingfisher, on Friday said it is exploring ways to declare the carrier's promoter Vijay Mallya as a