Banks Rejecting Loan
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Naresh Goyal's Plea Against 'Illegal' Arrest Not Maintainable: High Court
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.
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Banks Must Hear Borrowers Before Classifying Accounts As Fraud: Supreme Court
The Supreme Court rejected the State Bank of India's appeal and ruled that it is reasonably practicable for the lender banks to provide an opportunity for a hearing to the borrowers before classifying their accounts as fraud.
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Loan Fraud: Mumbai Court Rejects Kochhars's Demand For Home Food, Bed
The CBI alleged that ICICI Bank sanctioned credit facilities to the tune of Rs 3,250 crore to the companies of Videocon Group in violation of the Banking Regulation Act, RBI guidelines and the credit policy of the bank.
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India On UK Court Dismissing Fugitive Nirav Modi's Appeal Against Extradition
India on Thursday welcomed a British court's ruling rejecting fugitive diamantaire Nirav Modi's appeal against his extradition to India in connection with a bank loan fraud case
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Karnataka Man Sets Bank On Fire After His Loan Application Was Rejected
Upset over the rejection of his loan application, a man allegedly set the bank on fire in the Haveri district on Sunday.
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Yes Bank Case: Court Denies Bail To 2 Former Executives Of Travel Firm Cox And Kings
A special Prevention of Money-Laundering or PMLA court in Mumbai on Wednesday rejected bail pleas of a former Chief Financial Officer and an ex-internal auditor of Cox and Kings Group, who were arrested by the Enforcement Directorate in connection with its probe in the Yes Bank alleged loan default case.
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RBI Rejects Indiabulls Housing, Lakshmi Vilas Bank's Proposed Merger
This comes days after the Reserve Bank of India initiated a so-called "prompt corrective action" on the lender due to high level of bad loans, lack of sufficient capital to manage risks and a negative return on assets for two consecutive years.
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Jet Airways Suspends Operations, Hopes To Be Back Soon: 10 Points
Jet Airways, once India's top airline now hit by a debt-crisis, said on Wednesday that it was suspending operations temporarily, having failed to secure emergency funds from its lenders. The airline, saddled with more than Rs 8,000 crore of bank debt, has been teetering for weeks after failing to receive a stop-gap loan of about Rs 1,500 crore from...
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10 Things You Need To Know About The Nirav Modi Saga
Fugitive billionaire jeweller Nirav Modi, the main accused the Rs 13,000 crore Punjab National Bank or PNB scam, was arrested in London on Tuesday and sent to prison till March 29 by a court in London, which rejected his bail plea today. The arrest comes a week after London Westminster Court issued an arrest warrant against him in response to a req...
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"Why Link My Offer To Decision On My Extradition," Asks Vijay Mallya
Fugitive businessman Vijay Mallya rejected any links between his proposed settlement offer to banks or an upcoming court verdict on his extradition and that of Christian Michel, the alleged middleman in the AgustaWestland chopper deal, who was brought back to India on Tuesday.
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Better To Reject Loan Than Running After Defaulters: Madras High Court
In significant observations amid bank fraud cases rocking the country, the Madras High Court yesterday said banks were giving loans to several persons "under various political pressures" and those who default on repaying them flee from the country.
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Vijay Mallya's Defence Brings In Banking Expert At Extradition Trial
Vijay Mallya's defence during his extradition trial today claimed that a consortium of Indian banks led by State Bank of India (SBI) rejected an offer by the liquor baron in early 2016 to pay back nearly 80 per cent of the principal loan amount owed to them.
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Thanks To PM Narendra Modi, Karnataka Girl Can Now Pursue MBA
When her application for a student loan was turned down by the Central Bank of India, Bibi Sara from Mandya, over 100km from Bengaluru, didn't know how to arrange funds for an MBA. She wrote to Prime Minister Narendra Modi seeking help to get her education loan sanctioned. The PMO promptly responded to her plea and the 21-year old girl was granted ...
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Why This Bengaluru-Based Startup Is Willing to Reject 95 Percent of Its Potential Customers
Bengaluru-based fintech startup MoneyTap offers a credit line for consumers, but largely sticks to core banking principles.
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Banks Set To Reject Mallya's Rs 4,000 Crore Loan Repayment Offer: Report
A group of Indian lenders is set to reject businessman Vijay Mallya's offer to repay Rs 4,000 crore ($600 million), less than half of what his defunct Kingfisher Airlines owes them, sources with knowledge of the matter said.
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Naresh Goyal's Plea Against 'Illegal' Arrest Not Maintainable: High Court
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.
-
Banks Must Hear Borrowers Before Classifying Accounts As Fraud: Supreme Court
The Supreme Court rejected the State Bank of India's appeal and ruled that it is reasonably practicable for the lender banks to provide an opportunity for a hearing to the borrowers before classifying their accounts as fraud.
-
Loan Fraud: Mumbai Court Rejects Kochhars's Demand For Home Food, Bed
The CBI alleged that ICICI Bank sanctioned credit facilities to the tune of Rs 3,250 crore to the companies of Videocon Group in violation of the Banking Regulation Act, RBI guidelines and the credit policy of the bank.
-
India On UK Court Dismissing Fugitive Nirav Modi's Appeal Against Extradition
India on Thursday welcomed a British court's ruling rejecting fugitive diamantaire Nirav Modi's appeal against his extradition to India in connection with a bank loan fraud case
-
Karnataka Man Sets Bank On Fire After His Loan Application Was Rejected
Upset over the rejection of his loan application, a man allegedly set the bank on fire in the Haveri district on Sunday.
-
Yes Bank Case: Court Denies Bail To 2 Former Executives Of Travel Firm Cox And Kings
A special Prevention of Money-Laundering or PMLA court in Mumbai on Wednesday rejected bail pleas of a former Chief Financial Officer and an ex-internal auditor of Cox and Kings Group, who were arrested by the Enforcement Directorate in connection with its probe in the Yes Bank alleged loan default case.
-
RBI Rejects Indiabulls Housing, Lakshmi Vilas Bank's Proposed Merger
This comes days after the Reserve Bank of India initiated a so-called "prompt corrective action" on the lender due to high level of bad loans, lack of sufficient capital to manage risks and a negative return on assets for two consecutive years.
-
Jet Airways Suspends Operations, Hopes To Be Back Soon: 10 Points
Jet Airways, once India's top airline now hit by a debt-crisis, said on Wednesday that it was suspending operations temporarily, having failed to secure emergency funds from its lenders. The airline, saddled with more than Rs 8,000 crore of bank debt, has been teetering for weeks after failing to receive a stop-gap loan of about Rs 1,500 crore from...
-
10 Things You Need To Know About The Nirav Modi Saga
Fugitive billionaire jeweller Nirav Modi, the main accused the Rs 13,000 crore Punjab National Bank or PNB scam, was arrested in London on Tuesday and sent to prison till March 29 by a court in London, which rejected his bail plea today. The arrest comes a week after London Westminster Court issued an arrest warrant against him in response to a req...
-
"Why Link My Offer To Decision On My Extradition," Asks Vijay Mallya
Fugitive businessman Vijay Mallya rejected any links between his proposed settlement offer to banks or an upcoming court verdict on his extradition and that of Christian Michel, the alleged middleman in the AgustaWestland chopper deal, who was brought back to India on Tuesday.
-
Better To Reject Loan Than Running After Defaulters: Madras High Court
In significant observations amid bank fraud cases rocking the country, the Madras High Court yesterday said banks were giving loans to several persons "under various political pressures" and those who default on repaying them flee from the country.
-
Vijay Mallya's Defence Brings In Banking Expert At Extradition Trial
Vijay Mallya's defence during his extradition trial today claimed that a consortium of Indian banks led by State Bank of India (SBI) rejected an offer by the liquor baron in early 2016 to pay back nearly 80 per cent of the principal loan amount owed to them.
-
Thanks To PM Narendra Modi, Karnataka Girl Can Now Pursue MBA
When her application for a student loan was turned down by the Central Bank of India, Bibi Sara from Mandya, over 100km from Bengaluru, didn't know how to arrange funds for an MBA. She wrote to Prime Minister Narendra Modi seeking help to get her education loan sanctioned. The PMO promptly responded to her plea and the 21-year old girl was granted ...
-
Why This Bengaluru-Based Startup Is Willing to Reject 95 Percent of Its Potential Customers
Bengaluru-based fintech startup MoneyTap offers a credit line for consumers, but largely sticks to core banking principles.
-
Banks Set To Reject Mallya's Rs 4,000 Crore Loan Repayment Offer: Report
A group of Indian lenders is set to reject businessman Vijay Mallya's offer to repay Rs 4,000 crore ($600 million), less than half of what his defunct Kingfisher Airlines owes them, sources with knowledge of the matter said.
