IDBI Bank Repo-Linked Retail Loans Effective From October 1
Business | Indo-Asian News Service | Monday September 9, 2019
IDBI Bank had earlier said that it would introduce repo rate-linked home and auto loans with effect from September 10.
India News | Written by Tanima Biswas | Wednesday June 14, 2017
Business tycoon Vijay Mallya was "the prime mover in the plot" to launder a big chunk of the 900 crore-bank loan taken to keep Kingfisher Airlines flying in 2009 and had used part of the IDBI bank loan to even fund the Force India Formula 1 Team, the Enforcement Directorate has alleged in charges filed in a Mumbai court on Wednesday.
UK Advocate Satisfied About Vijay Mallya's 'Dishonesty': Investigators
India News | Written by Tanima Biswas | Thursday May 11, 2017
The key advocate at an UK court, which will be hearing India's case on the extradition of Vijay Mallya, is satisfied about the 'dishonesty' of the wanted liquor baron in the 900-crore IDBI bank loan default case after seeing the initial evidence. This was the feedback with which the joint investigative team of CBI and Enforcement Directorate has re...
Vijay Mallya's Extradition Process Begins With CBI Request
India News | Reported by Tanima Biswas, Edited by Anindita Sanyal | Wednesday February 8, 2017
The process to extradite business tycoon Vijay Mallya from the UK -- where he had gone last year after facing heat for defaulting on loans worth Rs 9000 crore -- has started. The External Affairs Ministry is currently processing the formal request for it from the Central Bureau of Investigation, which will be sent to the authorities in UK. The liqu...
Business | Press Trust of India | Sunday January 29, 2017
The agency, probing the case for money laundering charges, has said its investigation found that the processes deployed to structure and re-structure the loan by the bank to the now-defunct airline was planned to be defrauded and that Mr Mallya and Kingfisher Airlines (KFA) had "no intent" to repay it.
Seeking Legal Advice Over Enforcement Directorate Action: United Breweries
Business | Press Trust of India | Thursday June 16, 2016
United Breweries (Holdings) Ltd on Thursday said it is seeking legal advice to take appropriate steps after the Enforcement Directorate attached properties worth Rs 1,411 crore belonging to the company and its promoter Vijay Mallya in the IDBI Bank loan default case.
Vijay Mallya Case: Enforcement Directorate To Attach India Assets Worth Rs 9,000 Crore
India News | Press Trust of India | Thursday May 12, 2016
The ED is mulling attaching domestic assets and shares worth about Rs 9,000 crore owned by liquor baron Vijay Mallya in connection with its money laundering probe against him and others in the IDBI bank loan fraud case.
Vijay Mallya Case: Enforcement Directorate Gets Replies From Half A Dozen Banks
India News | Press Trust of India | Tuesday March 15, 2016
Enforcement Directorate (ED) has got probe reports from half a dozen banks, out of the total 17, in connection with its money laundering investigation in the IDBI bank loan default case against beleaguered businessman Vijay Mallya and others.
CBI Searches Vijay Mallya Residence in Rs 900 Cr Loan Default Case
Business | Press Trust of India | Saturday October 10, 2015
The Central Bureau of Investigation (CBI) on Saturday carried out searches at residential and official premises of liquor baron Vijay Mallya and his now-defunct company Kingfisher Airlines at five places in connection with alleged default of an over Rs 900 crore loan from IDBI Bank.
GMR Energy seeks to restructure Rs 2,600 crore loan
Business | Sunday November 18, 2012
Power-to-airports major GMR Group has approached IDBI Bank, the lead bank to GMR Rajahmundry Energy, to reschedule its Rs 2,600-crore loan.
IDBI slashes home loan, deposit rates
Business | Wednesday October 31, 2012
IDBI Bank today slashed interest on home loans by 0.25 per cent and the deposit rates in select brackets by up to 0.50 per cent.
IDBI Bank Repo-Linked Retail Loans Effective From October 1
Business | Indo-Asian News Service | Monday September 9, 2019
IDBI Bank had earlier said that it would introduce repo rate-linked home and auto loans with effect from September 10.
India News | Written by Tanima Biswas | Wednesday June 14, 2017
Business tycoon Vijay Mallya was "the prime mover in the plot" to launder a big chunk of the 900 crore-bank loan taken to keep Kingfisher Airlines flying in 2009 and had used part of the IDBI bank loan to even fund the Force India Formula 1 Team, the Enforcement Directorate has alleged in charges filed in a Mumbai court on Wednesday.
UK Advocate Satisfied About Vijay Mallya's 'Dishonesty': Investigators
India News | Written by Tanima Biswas | Thursday May 11, 2017
The key advocate at an UK court, which will be hearing India's case on the extradition of Vijay Mallya, is satisfied about the 'dishonesty' of the wanted liquor baron in the 900-crore IDBI bank loan default case after seeing the initial evidence. This was the feedback with which the joint investigative team of CBI and Enforcement Directorate has re...
Vijay Mallya's Extradition Process Begins With CBI Request
India News | Reported by Tanima Biswas, Edited by Anindita Sanyal | Wednesday February 8, 2017
The process to extradite business tycoon Vijay Mallya from the UK -- where he had gone last year after facing heat for defaulting on loans worth Rs 9000 crore -- has started. The External Affairs Ministry is currently processing the formal request for it from the Central Bureau of Investigation, which will be sent to the authorities in UK. The liqu...
Business | Press Trust of India | Sunday January 29, 2017
The agency, probing the case for money laundering charges, has said its investigation found that the processes deployed to structure and re-structure the loan by the bank to the now-defunct airline was planned to be defrauded and that Mr Mallya and Kingfisher Airlines (KFA) had "no intent" to repay it.
Seeking Legal Advice Over Enforcement Directorate Action: United Breweries
Business | Press Trust of India | Thursday June 16, 2016
United Breweries (Holdings) Ltd on Thursday said it is seeking legal advice to take appropriate steps after the Enforcement Directorate attached properties worth Rs 1,411 crore belonging to the company and its promoter Vijay Mallya in the IDBI Bank loan default case.
Vijay Mallya Case: Enforcement Directorate To Attach India Assets Worth Rs 9,000 Crore
India News | Press Trust of India | Thursday May 12, 2016
The ED is mulling attaching domestic assets and shares worth about Rs 9,000 crore owned by liquor baron Vijay Mallya in connection with its money laundering probe against him and others in the IDBI bank loan fraud case.
Vijay Mallya Case: Enforcement Directorate Gets Replies From Half A Dozen Banks
India News | Press Trust of India | Tuesday March 15, 2016
Enforcement Directorate (ED) has got probe reports from half a dozen banks, out of the total 17, in connection with its money laundering investigation in the IDBI bank loan default case against beleaguered businessman Vijay Mallya and others.
CBI Searches Vijay Mallya Residence in Rs 900 Cr Loan Default Case
Business | Press Trust of India | Saturday October 10, 2015
The Central Bureau of Investigation (CBI) on Saturday carried out searches at residential and official premises of liquor baron Vijay Mallya and his now-defunct company Kingfisher Airlines at five places in connection with alleged default of an over Rs 900 crore loan from IDBI Bank.
GMR Energy seeks to restructure Rs 2,600 crore loan
Business | Sunday November 18, 2012
Power-to-airports major GMR Group has approached IDBI Bank, the lead bank to GMR Rajahmundry Energy, to reschedule its Rs 2,600-crore loan.
IDBI slashes home loan, deposit rates
Business | Wednesday October 31, 2012
IDBI Bank today slashed interest on home loans by 0.25 per cent and the deposit rates in select brackets by up to 0.50 per cent.
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