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UK court grants bankruptcy reprieve to Vijay Mallya

UK court grants bankruptcy reprieve to Vijay Mallya

The judge concluded that the legal cases being pursued by Mallya in India stood a reasonable prospect of success

10 April 2020 9:35 AM IST

Bank employees wear masks as a precautionary measure following the coronavirus pandemic. (PTI)

Covid19 impact: Banks to witness spike in credit costs, non-performing...

Asia-Pacific governments, central banks, and supervisory authorities have rolled out diverse measures to address...

6 April 2020 12:38 PM IST

Mallya was arrested by Scotland Yard last month on fraud allegations, triggering an official extradition process in the British courts. (Photo: PTI)

Vijay Mallya's extradition hearing deferred to June 13

Mallya, who owes over Rs 9,000 crore to various Indian banks, has been living in self-imposed exile in Britain since...

13 May 2017 10:55 AM IST

Finance Secretary Ashok Lavasa.

India concerned about NPAs of Indian banks as well: Lavasa

Cabinet this week approved promulgation of an ordinance to amend the Banking Regulation Act for resolution of the NPA...

12 May 2017 4:19 PM IST

IBA said the banks are making all-out efforts to ensure currency requirements of customers are met within the limits prescribed by the Reserve Bank of India.

Banks release cash in lower denomination

Nearly Rs 30,000 crore cash has been disbursed by banks In the last three days.

13 Nov 2016 6:22 PM IST

Indian Bank eyeing retailing sector for growth

The Zone has Rs 3,000 crore worth retail portfolio in the districts of Coimbatore, Erode, Tirupur and Nilgiris.

24 March 2017 1:34 PM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI deputy targets Indian banks' toxic loans

The RBI said it had no further comment on banks' bad debts beyond what Acharya said in his speech.

1 March 2017 11:13 AM IST

S&P said performance of the Indian public sector banks that it rates was dismal in the fourth quarter of fiscal 2017.

NPAs will rise to 15 per cent: S&P

PSBs will struggle to meet Basel-III standards due to low capital.

31 May 2017 12:44 AM IST

The industrial sector contributed over 15 per cent to the NPAs followed by agriculture and services in the region of six per cent and retail loans which were the lowest at 2.3 per cent.

Indian banks' bad loans may rise to 15 pc by Mar 2018: S&P

Government has promised to infuse Rs 70,000 crore into its PSU banks over 2016-2019.

30 May 2017 5:35 PM IST

The Enforcement Directorate has carried out massive raids in 50 branches of 10 banks across the nation. (Photo: PTI/Representational)

Some Indian banks risk skipping coupon payments

Fitch Ratings says mid-sized banks are the most at risk of breaching capital triggers.

9 March 2017 2:55 PM IST

Company officials declined to give the exact investment details on the centre.

Cisco says jump in biz post note ban, opens 1st digital centre

The company has nine innovation centres globally at places like San Jose, London,

9 Jun 2017 7:54 PM IST

GDP numbers scheduled to be released on May 31.

As growth takes a hit, a lot needs to be fixed

The crisis in the banks is a reflection of the crisis in the economy but this would not at all be obvious to anyone...

9 Jun 2017 2:23 AM IST