Sbi Loan Default

A company whose owners fled the country with over Rs 400 crore in unpaid loans borrowed from the State Bank of India (SBI) and other banks has emerged as the latest example of a mega defaulter evading action. The owners of Delhi-based Basmati rice exporter Ram Dev International Limited, investigated by the CBI for allegedly defaulting on loans from...

Rana Kapoor, the founder of crisis-hit Yes Bank, has been arrested by the Enforcement Directorate after two days of questioning in an alleged bank scam worth Rs 4,300 crore. He will be in their custody till March 11. The Reserve Bank of India (RBI) has capped transactions for every Yes Bank user at Rs 50,000 for a month, till April 3, after the pri...

Etihad, Naresh Goyal and SBI have been holding talks for weeks over a rescue deal for the carrier that hasn't seen a profit for nine of the past 11 years in the face of cutthroat competition.

Jet Airways, which is struggling with debts to the tune of over Rs 8,000 crore, will meet a group of lenders including State Bank of India (SBI) at around 2 pm on Tuesday. The meeting of Jet Airways with its lenders comes amid falling crude oil prices, an opportunity that the airline wants to use to assure banks and improve its cash flows. Jet Airw...

The country's biggest lender State Bank of India (SBI) today said there was no laxity on its part in dealing with loan default by now defunct Kingfisher Airlines of fugitive liquor baron Vijay Mallya.

Banking sub-index on the NSE Nifty Bank index rose to its record high following this development. The index advanced as much as 1.42 per cent to hit record high of 22,307.30.

Section 44 of the State Bank of India Act, 1955 as well as some other clauses of confidentiality in the relevant laws invariably prohibit disclosing the names of individuals who owe money to banks or are responsible for bad loans on account of their failure to repay.

Amid the controversy over public sector lender SBI reportedly writing off loans worth Rs 7,000 crore, including that of Vijay Mallya-promoted Kingfisher Airlines, a sanitation worker in Nashik has written to the SBI, seeking a 'similar' waiver of his Rs 1.5 lakh loan.

Finance Minister Arun Jaitley asked opposition members in the Rajya Sabha not to go by the literal meaning of write-off.

CBI has registered a fresh case against beleaguered liquor baron Vijay Mallya for allegedly cheating a consortium of nationalised banks to the tune of Rs 6,027 crore by not keeping commitments to repay loans taken for his now-defunct Kingfisher Airlines.

Madurai bench of the Madras High Court has issued a notice to the State Bank of India ordering that applicants defaulting on loan payments should be disqualified and barred from applying for jobs.

Top 50 defaulters of public sector banks had an exposure of Rs 1.21 lakh crore as of December 2015.

SBI had filed three other applications, including one seeking Mallya's arrest and impounding of his passport, as the bank approached DRT seeking action against him for defaulting on loans.

The Karnataka High Court on Saturday ordered issue of notice to liquor baron Vijay Mallya, his defunct Kingfisher Airlines and nine other respondents on a petition filed by bankers, including State bank of India, seeking his arrest and impounding of his passport for defaulting on loans.

Loans worth Rs 11,700 crore given by State Bank of India (SBI) have been locked up as non-performing assets (NPAs) as nearly 1,160 defaulters have willfully decided not to repay.

A company whose owners fled the country with over Rs 400 crore in unpaid loans borrowed from the State Bank of India (SBI) and other banks has emerged as the latest example of a mega defaulter evading action. The owners of Delhi-based Basmati rice exporter Ram Dev International Limited, investigated by the CBI for allegedly defaulting on loans from...

Rana Kapoor, the founder of crisis-hit Yes Bank, has been arrested by the Enforcement Directorate after two days of questioning in an alleged bank scam worth Rs 4,300 crore. He will be in their custody till March 11. The Reserve Bank of India (RBI) has capped transactions for every Yes Bank user at Rs 50,000 for a month, till April 3, after the pri...

Etihad, Naresh Goyal and SBI have been holding talks for weeks over a rescue deal for the carrier that hasn't seen a profit for nine of the past 11 years in the face of cutthroat competition.

Jet Airways, which is struggling with debts to the tune of over Rs 8,000 crore, will meet a group of lenders including State Bank of India (SBI) at around 2 pm on Tuesday. The meeting of Jet Airways with its lenders comes amid falling crude oil prices, an opportunity that the airline wants to use to assure banks and improve its cash flows. Jet Airw...

The country's biggest lender State Bank of India (SBI) today said there was no laxity on its part in dealing with loan default by now defunct Kingfisher Airlines of fugitive liquor baron Vijay Mallya.

Banking sub-index on the NSE Nifty Bank index rose to its record high following this development. The index advanced as much as 1.42 per cent to hit record high of 22,307.30.

Section 44 of the State Bank of India Act, 1955 as well as some other clauses of confidentiality in the relevant laws invariably prohibit disclosing the names of individuals who owe money to banks or are responsible for bad loans on account of their failure to repay.

Amid the controversy over public sector lender SBI reportedly writing off loans worth Rs 7,000 crore, including that of Vijay Mallya-promoted Kingfisher Airlines, a sanitation worker in Nashik has written to the SBI, seeking a 'similar' waiver of his Rs 1.5 lakh loan.

Finance Minister Arun Jaitley asked opposition members in the Rajya Sabha not to go by the literal meaning of write-off.

CBI has registered a fresh case against beleaguered liquor baron Vijay Mallya for allegedly cheating a consortium of nationalised banks to the tune of Rs 6,027 crore by not keeping commitments to repay loans taken for his now-defunct Kingfisher Airlines.

Madurai bench of the Madras High Court has issued a notice to the State Bank of India ordering that applicants defaulting on loan payments should be disqualified and barred from applying for jobs.

Top 50 defaulters of public sector banks had an exposure of Rs 1.21 lakh crore as of December 2015.

SBI had filed three other applications, including one seeking Mallya's arrest and impounding of his passport, as the bank approached DRT seeking action against him for defaulting on loans.

The Karnataka High Court on Saturday ordered issue of notice to liquor baron Vijay Mallya, his defunct Kingfisher Airlines and nine other respondents on a petition filed by bankers, including State bank of India, seeking his arrest and impounding of his passport for defaulting on loans.

Loans worth Rs 11,700 crore given by State Bank of India (SBI) have been locked up as non-performing assets (NPAs) as nearly 1,160 defaulters have willfully decided not to repay.