16 of 22 PSU banks skip dividend in FY16 on mounting NPAs
Saddled with mounting bad loans, as many as 16 public sector banks, including PNB, BoB and Canara Bank, skipped paying dividend in 2015-16, leading to three-fold decline in government receipts to Rs 1,444.6 crore.
Nov 20, 2016, 15:51 PM IST
Vijay Mallya deliberately didn't disclose full assets: Banks to Supreme Court
A consortium of banks including SBI today told the Supreme Court that beleaguered businessman Vijay Mallya had deliberately not made full disclosure of his assets including USD 40 million which he received in February from a British firm.
Aug 29, 2016, 16:05 PM IST
Banks asset quality stress needs to be dealt first: RBI Governor
Stressing on need to continue with sound domestic policies and reforms, RBI Governor Raghuram Rajan today said banks' asset quality stress has to be dealt first in order to revive the credit growth.
Jun 28, 2016, 18:06 PM IST
PSU banks to get more muscle to tackle bad loans
Public Sector Banks( PSUs) are going to get greater support from government in their struggle to recover bad loans.
Jun 06, 2016, 14:29 PM IST
Defaulters won't be allowed to sleep well: Finance Minister
Amid 10 state-run lenders suffering losses of over Rs 15,000 crore in the March quarter, Finance Minister has promised greater capital support to banks while warning that defaulters cannot be allowed to "sleep well", leaving all the worry to bankers.
Jun 05, 2016, 14:21 PM IST
Loan default case: CBI may file multiple charge sheets against Vijay Mallya
CBI is planning to file multiple chargesheets against Vijay Mallaya as it has brought under its one FIR the cases of his alleged loan default, of now defunct Kingfisher Airlines, with various banks of over Rs 9,000 crore.
Jun 02, 2016, 23:27 PM IST
No bonus for PSU bank chiefs for missing targets!
Zee Media Bureau
Mounting bad loans of banks in India are eating into the profitability of the top banking chiefs too!
May 20, 2016, 11:43 AM IST
Rajya Sabha ethics panel recommends terminating Vijay Mallya's membership
The Ethics committee of Parliament took up the issue of beleaguered businessman Vijay Mallya, who is facing legal proceedings for alleged loan defaults by his group to the tune of over Rs 9,000 crore, and gave him a week to respond why his membership of the Upper House should not be terminated.
Apr 25, 2016, 17:37 PM IST
Value of Vijay Mallya's British mansion is around Rs 100 crore!
Indian liquor baron Vijay Mallya, who owes Rs. 9,000 crores to various banks in the country, has been living at a $15 million mansion (around Rs 100 crore at INR-USD rate of 66.5275) in England`s Hertfordshire county.
Apr 25, 2016, 13:01 PM IST
Vijay Mallya discloses his wealth abroad; says assets around Rs 780 crore
Disclosing his overseas wealth details, Vijay Mallya told the Supreme Court on Thursday that his collective family assets abroad amounted to Rs 780 crore.
Apr 22, 2016, 09:07 AM IST
ED’s charges against Vijay Mallya shocking, says UB Group
Rejecting the charge that Vijay Mallya siphoned off nearly Rs 430 crore from the loan extended to Kingfisher Airlines by IDBI bank for acquiring property abroad., the UB Group said it would provide full details of foreign exchange remittances in the next few days.
Apr 18, 2016, 10:11 AM IST
