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KFA LOAN DEMAND
Will pursue relief for ED, banks taking twice debt owed: Vijay MallyaVijay Mallya claims banks have recovered over double the Rs 6,203 crore debt adjudicated by the Debt Recovery Tribunal, including interest....
I've become poster boy of bank default, will pay up what I owe, says Vijay Mallya in a letterMallya says he is "making every effort" to settle his dues but he has been made the "Poster Boy" of bank default and a lightning rod for pu...
IDBI officials relaxed loan rules for Kinghfisher Airline: CBIIn the letter, Nadkarni said that KFA’s capacity and revenue were reduced after the airline suffered 20 engine failures in the first half o...
Cornered Vijay Mallya hikes bank settlement offer to Rs 6,868 croreThe fresh offer was being made "in the interest of overall settlement" though the validity of the corporate guarantee of UB Group and his p...
Don't harass employees after TDS is cut: CBDT to Kingfisher AirlinesThe trademarks include the tag lines 'Fly the Good Times', 'Funliner' and 'Fly Kingfisher' in addition to the brand name and the logo.
Banks move Supreme Court to seek Vijay Mallya's arrest over loan recoveryBanks moved the Supreme Court on Tuesday seeking the arrest of Vijay Mallya over the recovery of loans worth Rs 9,000 crore.
CAD concerns may prevent easing of rates: Pratip Chaudhuri, SBIIf the real interest rates have to be brought down, the only way to do that is via CRR, said Pratip Chaudhuri, SBI.
It’s time for RBI to start cutting interest rates: Pratip Chaudhuri, SBIOur recommendation to the RBI would be to make a 0.5% cut in CRR and a similar cut in the repo rate, says Pratip Chaudhuri of SBI.
Not looking at raising deposit rates: Pratip Chaudhari, CMD, SBI"It is full monetary transmission because as per our calculation, the savings coming from the cut in CRR and the repo rate would be approxi...
Lenders refuse to give more funds to Kingfisfer AirlinesIn yet another blow to Kingfisher Airlines, lenders on Monday refused to give more funds to Kingfisher and demanded partial repayment of du...
Kingfisher Airlines' licence suspendedBanks have little hope of foreign investors picking up stake in the airline. They are likely to summon Mallya next week to know his plans.
Wife of Kingfisher Airlines' employee commits suicide due to non payment of salarySushmita Chakraborty, the 45-year-old wife of Manas Chakraborty, died by her own hands on Thursday at her home in Dwarka in Delhi, police s...
Going to take a home loan from PSU bank? Get one for car freeFaced with a slump in demand for funds from corporates, public sector banks are stepping up the gas on retail loans with combo offers.
Kingfisher Airlines’ lenders appoint SBI Capital for restructuring planAccording to lenders, Mallya did not offer any concrete revival plan as he could not commit on equity infusion by promoters.
- Vijay Mallya can sell stake in liquor companies to raise funds for Kingfisher Airlines: SBI Chief
KFA has not yet come up with any concrete plan to revival plans, said Pratip Chaudhuri. Mallya could still raise funds from his assets, the...
Vijay Mallya can unlock value in Mangalore Fertilisers, liquor companies to raise funds: Pratip ChaudhuriSBI chief said, "Mallya could look at unlocking value from other non core businesses like Mangalore Fertilisers.".
- Kingfisher Airlines lenders to meet next week: SBI
The 18-bank consortium of lenders to Kingfisher Airlines is likely to meet next week to take a call on the debt-ridden carrier's call for a...
Kingfisher Airlines to layoff staff members?The drastic step comes in lieu of Kingfisher's operational fleet being reduced to 16 planes. The current employee strength of the ailing ai...
Kingfisher Airlines to sell property to fly out of debt crisisOver the next two years, Kingfisher plans to raise close to Rs 900 crore by selling Kingfisher House, the airline’s headquarters and other ...
- Kingfisher Airlines to sell property to cut debt; shares surge 4%
KFA's board will consider a proposal to cut debt by more than half by selling property, converting loans into equity. Stock price