Bank Loan Default

A special court in Mumbai has issued a non-bailable warrant (NBW) against fugitive businessman Vijay Mallya in a Rs 180-crore loan default case linked to Indian Overseas Bank (IOB).

N. Sundaresha Subramanian chronicles the travails of the IBC in each of the 'Big Twelve' cases in finding the resolution. In some instances, the journey becomes more important than the destination.

The Bombay High Court on Tuesday rejected the petition filed by Jet Airways founder Naresh Goyal challenging his "illegal" arrest in a money laundering case linked to bank loan default, noting that the plea was not maintainable.

The Reserve Bank on Friday asked banks to provide fixed interest rate option to individual borrowers and directed the lenders to levy only reasonable penalty charges in case of default in EMI payments.

Bank unions AIBOC and AIBEA have opposed the Reserve Bank's move to allow lenders to settle loans of wilful defaulters under compromise settlement.

The Reserve Bank of India's (RBI) proposal to discourage banks from capitalising on penal charges and additional interest loan defaults could potentially weigh on lenders' revenues going forward, Morgan Stanley said.

Zee Entertainment Enterprises Ltd and IndusInd Bank Ltd told an Indian tribunal today that they have settled a dispute over a loan default, paving the way for the media company's merger with a local unit of Sony.

Businessman Vijay Mallya bought properties worth Rs 330 crore in England and France during 2015-16 even as his Kingfisher Airlines was facing a cash crunch at that time and banks had not recovered the loans defaulted by the liquor baron.

BRS MLC in Telangana K Kavitha on Thursday said the BJP which claimed to be 'chowkidars' were "sleeping" when corporate loan defaulters of banks were looting public money.

Hours after receiving a loan recovery notice from the bank, a debt-ridden Kerala man wins the lottery for Rs 70 lakh.

Barely hours after he received an attachment notice from a bank in respect of his house for default on loan repayment, a fish seller from Kerala was able to heave a sigh of relief as he won the Rs 70 lakh Akshaya lottery of the state government.

The bank accumulated a total of Rs 1,29,088 crore worth of bad debt from FY11-12 to FY21-22.

Stocks with certain red flags such as loan defaults, rating downgrades, selling of pledged shares, rising debt, and poor earnings, should be avoided at any cost.

Union Finance Minister Nirmala Sitharaman on Monday attacked the previous UPA regime for its alleged failure to recover money from those who turned their loan accounts into non performing assets, and said under the Modi government, banks for the firs

The Supreme Court reserved verdict on quantum of sentence against fugitive businessman Vijay Mallya, accused in bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, in a contempt case

A special court in Mumbai has issued a non-bailable warrant (NBW) against fugitive businessman Vijay Mallya in a Rs 180-crore loan default case linked to Indian Overseas Bank (IOB).

N. Sundaresha Subramanian chronicles the travails of the IBC in each of the 'Big Twelve' cases in finding the resolution. In some instances, the journey becomes more important than the destination.

The Bombay High Court on Tuesday rejected the petition filed by Jet Airways founder Naresh Goyal challenging his "illegal" arrest in a money laundering case linked to bank loan default, noting that the plea was not maintainable.

The Reserve Bank on Friday asked banks to provide fixed interest rate option to individual borrowers and directed the lenders to levy only reasonable penalty charges in case of default in EMI payments.

Bank unions AIBOC and AIBEA have opposed the Reserve Bank's move to allow lenders to settle loans of wilful defaulters under compromise settlement.

The Reserve Bank of India's (RBI) proposal to discourage banks from capitalising on penal charges and additional interest loan defaults could potentially weigh on lenders' revenues going forward, Morgan Stanley said.

Zee Entertainment Enterprises Ltd and IndusInd Bank Ltd told an Indian tribunal today that they have settled a dispute over a loan default, paving the way for the media company's merger with a local unit of Sony.

Businessman Vijay Mallya bought properties worth Rs 330 crore in England and France during 2015-16 even as his Kingfisher Airlines was facing a cash crunch at that time and banks had not recovered the loans defaulted by the liquor baron.

BRS MLC in Telangana K Kavitha on Thursday said the BJP which claimed to be 'chowkidars' were "sleeping" when corporate loan defaulters of banks were looting public money.

Hours after receiving a loan recovery notice from the bank, a debt-ridden Kerala man wins the lottery for Rs 70 lakh.

Barely hours after he received an attachment notice from a bank in respect of his house for default on loan repayment, a fish seller from Kerala was able to heave a sigh of relief as he won the Rs 70 lakh Akshaya lottery of the state government.

The bank accumulated a total of Rs 1,29,088 crore worth of bad debt from FY11-12 to FY21-22.

Stocks with certain red flags such as loan defaults, rating downgrades, selling of pledged shares, rising debt, and poor earnings, should be avoided at any cost.

Union Finance Minister Nirmala Sitharaman on Monday attacked the previous UPA regime for its alleged failure to recover money from those who turned their loan accounts into non performing assets, and said under the Modi government, banks for the firs

The Supreme Court reserved verdict on quantum of sentence against fugitive businessman Vijay Mallya, accused in bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, in a contempt case