Bank of Maharashtra CEO, executive director booked for role in Rs 3,000 crore DSK Group default casePune EoW said that the arrested officials colluded with DSK Group by entering into fraudulent transactions and sanctioned loans, to be siph...
CBI charge-sheets Rotomac promotersA consortium of seven nationalised banks has given loans worth Rs 2,919 crore to Rotomac Global Pvt Limited from 2008 onwards, the CBI FIR ...
Punjab National Bank sees 23 per cent rise in outstandings against big wilful defaultersThe wilful defaulters who have taken loans over Rs 25 lakh from the bank had a gross outstanding against them of Rs 14,593.16 crore as on J...
Sunil D'Souza, former PepsiCo executive, appointed as Whirlpool India MDD’Souza will join on June 22, the company said in a press release issued on Monday. He has been with PepsiCo for 15 years.
Realtors opposes inclusion of ongoing projects in new BillWe welcome the bill. We always wanted a balanced bill which would facilitate real estate and not the bill which would breed more delays and...
HSBC case: Court summons real estate group chief as accusedA search was conducted at Periwal's residence and office premises in January 2012.
Banks chase borrowers big time in 2014, but to recover loansIt was loans given to big corporates turning bad that kept the banks on their toes and even extreme efforts could not yield desired results.
UCO Bank weighing options to send notice to Kingfisher AirlinesUnited Bank of India has already declared Kingfisher a wilful defaulter while SBI, PNB and IDBI have initiated such a move.
Government to amend SARFAESI and DRT Acts to help banks recover moneyCBI had raised concerns over the high quantum of bad loans in the banking system, indicating collusion between lenders and promoters.
State-run banks weighed down by high share of bad loans; urgent need for reforms in PSBsIn many instances, the middlemen aren’t chartered accountants or nonbankers but retired PSB honchos who know the ins and outs of the loans ...
Bad debts: Banks home in on Bhushan Steel, Kingfisher AirlinesAt least two lenders are set to declare Mallya and other directors of the now defunct KFA as "wilful defaulters" to choke fund flow to the ...
Concern in Rajya Sabha over rising number of bank loan defaultsRaising the issue during Zero Hour, K C Tyagi said ever since nationalisation of banks in the late 60s, "several lakh crores were due on ca...
Budget 2014: Impetus on restarting stalled growth engine, says Motilal Oswal, CMD, Motilal Oswal Financial ServicesThe Budget is incrementally more positive for infrastructure financing companies/banks. It is also positive for discretionary consumption s...
Supreme Court sets aside contempt proceeding against ONGC CMD Sudhir VasudevaThe Supreme Court today quashed the contempt proceedings initiated by Madras High Court against ONGC CMD Sudhir Vasudeva.
United Bank of India labels Bilcare as 'wilful defaulter' in a 'war on NPAs', to send winding-up noticeUnited Bank of India has taken action against four loan defaulters in an attempt to reduce its non-performing loans.
- Panel stalls move to dilute N-bill
The government’s plans to delete a sub-clause in the civil liability for nuclear damage bill dealing with culpability of foreign suppliers ...
- Loan rejig to push NPA label till June
Many core sector companies, especially in the automobile, cement and steel sectors, will get to avoid the NPA tag with the RBI allowing ban...