Prime Minister Modi attacked "economists" in the UPA for handing him a "liability" of non-performing assets (NPAs) or bad loans.
The focus of our case will be on his (Mallya's) conduct and how he misled the bank and misused the proceeds," said CPS barrister Mark Summers.
Last month, the government had unveiled a staggering Rs 2.11 lakh crore two-year road map to bolster NPA-hit public sector banks.
As many as 12 public sector banks including PNB, Bank of India and Indian Bank have lined up plans for raising funds from markets to shore up
These 12 accounts would qualify for immediate reference under the Insolvency and Bankruptcy Code.
With ordinance in place, Finance Minister Arun Jaitley today said the RBI is at a fairly advanced stage of preparing a list of borrowers where
The Reserve Bank of India (RBI) has refused to make public the list of loan defaulters with public sector banks despite an order of the Supreme
Finance Minister Arun Jaitley Monday asserted that the problem of bad loans in the banking system is not "insurmountable" for a large economy
The CBI Tuesday filed a charge sheet in connection with the IDBI loan default case involving the defunct Kingfisher Airlines in which its
The Supreme Court today asked the Centre to give details of recovery cases filed by banks and financial institutions and those pending in debt
Banking sector regulator Reserve Bank today informed the country's apex court that only 57 large borrowers have defaulter on bank lonas worth Rs.
President Pranab Mukherjee strongly lauded former RBI Governor Raghuram Rajan, who retired last week, on his cleaning up of non-profitable bank
Govt has injected around 23,000 crore rupees in 13 public sector banks to enhance their lending capacity. The move will also enable them to raise
Finance Minister today acknowledged that the cumulative loss of Rs. 18,000 crore suffered by public sector banks in the last fiscal was mainly