Kingfisher House auction: Lenders begin revaluation in a bid to sell it
Almost two months after it proved to be a flop show, lenders have begun a fresh valuation process of auctioning Kingfisher House, the headquarter of Vijay Mallya's now defunct Kingfisher Airlines.
May 04, 2016, 16:35 PM ISTI am neither a borrower or a judgement debtor, says Vijay Mallya
Liquor baron Vijay Mallya, facing a case of loan default of over Rs 9,400 crore, Tuesday tweeted that I am neither a borrower or a judgement debtor.
May 03, 2016, 10:46 AM ISTQatar National Bank says its systems were "fully secure" following cyber attack
Qatar National Bank said on Sunday that its systems were "fully secure" following a cyber attack which potentially exposed the names and passwords of tens of thousands of customers.
May 01, 2016, 19:08 PM ISTBanks should focus on recovering dues: Uday Kotak
Banks should focus on recovery rather than "going after borrowers", eminent banker Uday Kotak said on Saturday, a day after embattled tycoon Vijay Mallya remarked that arresting him will not help banks recover any money.
Apr 30, 2016, 20:45 PM ISTBanks should focus on recovering dues: Uday Kotak
Banks should focus on recovery rather than "going after borrowers", eminent banker Uday Kotak said on Saturday, a day after embattled tycoon Vijay Mallya remarked that arresting him will not help banks recover any money.
Apr 30, 2016, 20:45 PM ISTBanks to auction Kingfisher logo, ‘Fly with Good Times’ trademarks tomorrow
The reserve price for the trademarks, which also include Flying Models, Fly the Good Times, Funliner, Fly Kingfisher, Flying Bird device, has been kept at Rs 366 crore.
Apr 29, 2016, 14:33 PM IST
Banks want to see Vijay Mallya in jail, not recover money: Lawyer
With the consortium of banks refusing Vijay Mallya's proposal to pay over Rs 6000 crore in the IDBI Bank loan default case, his lawyers on Tuesday said the banks' intention were no longer to recover money but to see the business man in jail.
Apr 26, 2016, 19:23 PM ISTVodafone Group all set for $2.5 billion IPO launch, invites big banks
Vodafone Group has set the ball rolling for its long-awaited India IPO by inviting banks, including Citigroup, Goldman Sachs and Morgan Stanley, to submit pitches to manage it, people with direct knowledge of the deal said
Apr 21, 2016, 16:58 PM ISTBanks need to ensure no defaulter manages to get away: Arun Jaitey
Amid a raging row over recovery of soured debt from tycoon Vijay Mallya, Finance Minister Arun Jaitley on Wednesday said it was responsibility of banks to ensure no defaulter manages to get away.
Apr 20, 2016, 18:57 PM ISTBanks told to calculate pension post 6% DR hike: Centre
All banks have been asked to calculate revised amount of pension following the recent six percent hike in Dearness Relief (DR), the Centre has said.
Apr 14, 2016, 18:20 PM ISTBanking Simplified : Unified Payment Interface
The Indian banking sector has seen unprecedented growth along with remarkable improvement in its quality of assets and efficiency.
Apr 14, 2016, 14:15 PM ISTIMF says financial stability risks rising, urges bank asset repair
World financial markets have calmed after turmoil earlier this year, but more needs to be done to ensure global financial stability amid slowing growth, weak commodity prices and worries about China`s economy, the International Monetary Fund warned on Wednesday.
Apr 13, 2016, 21:14 PM ISTVijaya Bank cuts term deposit interest rates by 0.25%
The reduction in deposit rates will be?applicable for term deposits of different slabs from 91 days?to above five years maturity, it said in a release.
The new deposit rates will be effective April 12, it said.
Apr 12, 2016, 16:00 PM ISTWe attempt to be an informed, adaptive regulator: Raghuram Rajan
Reserve Bank Governor Raghuram Rajan Monday said as a regulator the central banks tries to be informed and adaptive when it comes to regulation of new instruments and processes.
Apr 11, 2016, 19:13 PM ISTSC directs Vijay Mallya to disclose assets by April 21
Liquor baron Vijay Mallya, who is facing legal proceedings for alleged default of loans worth over Rs 9,000 crore from various banks, was Thursday directed by the Supreme Court to disclose by April 21 the total assets owned by him and his family in India and abroad.
Apr 07, 2016, 21:01 PM ISTHSBC, RBS and Barclays plan to close 400 UK branches this year: Sources
Three of Britain`s largest banks are planning to close about 400 branches this year, according to people familiar with the situation, a new programme of closures that could leave thousands of customers without easy access to a bank.
Apr 06, 2016, 21:34 PM ISTBanks to reject Vijay Mallya's Rs 4,000 crore loan repayment offer?
Last week, Kingfisher Airlines and Vijay Mallya had submitted a proposal in the apex court to pay Rs 4,000 crore by September to the consortium of 17 banks led by State Bank of India.
Apr 06, 2016, 19:04 PM ISTRBI policy good stimulus, will prompt banks to cut rate: Finance Ministry
Finance Ministry on Tuesday said RBI's policy rate cut will provide a "good stimulus" to the economy and encourage banks to reduce lending rates.
Apr 05, 2016, 14:14 PM ISTExpert analysis on policy outcomes of RBI
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Apr 05, 2016, 12:34 PM ISTSBI, ICICI, PNB and others move to lending rates based on marginal cost
The new interest rates vary from 8.95 percent for overnight to 9.35 percent for three years, SBI said in a document posted on its website Thursday.
Mar 31, 2016, 22:12 PM IST