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Loans To Vijay Mallya's Kingfisher A Write-Off 'Only In Books,' Says Arun Jaitley
Around Rs 1,200 crore in dues owed by Vijay Mallya's collapsed Kingfisher Airlines has been labelled a write-off in the books of India's largest bank, the State Bank of India.
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SBI Slammed Again! This Time For An Advertisement
The advertisement comes at a time when state-run banks are under severe strain on account of rising bad loans. Non-performing assets, or bad loans, of public sector banks have increased by nearly Rs 1 lakh crore to Rs 3.6 lakh crore in the first nine months of the current fiscal.
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Kingfisher Airlines Owes About Rs 295 Crore To Airport Authority Of India
Defunct Kingfisher Airlines owes the Airport Authority of India (AAI) Rs 294.57 crore and three cases in the court have already been initiated in this regard, government said today.
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United Spirits Falls on Inquiry Over Vijay Mallya's Kingfisher Airlines
An auditor's inquiry into United Spirits' financial accounts, conducted after Diageo took control, showed that between 2010 and 2013, funds were allegedly diverted illegally from the company to some of Mallya's group firms, including Kingfisher.
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United Spirits May Have to Restate Accounts: Report
Facing a multi-agency scrutiny, Diageo-owned United Spirits Ltd (USL) may have to restate its financial accounts, even as some investor groups have begun to question the UK-based parent's long silence on allegations against the erstwhile main promoters, Vijay Mallya-led UB Group.
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Mallya-USL Row: Accounting Regulator Seeks Details from Sebi on Auditors' Role
Concerned over the ongoing boardroom battle and the alleged lapses in the past, the minority shareholders of USL have also approached Sebi.
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Kingfisher Airlines Faces Scrutiny for Accounting Lapses: Report
The airline, part of Vijay Mallya-led UB Group, has been grounded since October 2012, after being bogged down by huge and mounting losses.
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Enforcement Directorate Seals Accounts of East Bengal Football Club's Holding Company
The unit of Enforcement Directorate in Kolkata region has sealed the accounts of Kingfisher United East Bengal Private Limited, the holding company of Kingfisher East Bengal football club, in connection with the multi-crore Saradha scam probe.
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Finance Ministry Asks RBI to Tighten Monitoring to Check Fund Diversion: Report
Against the backdrop of the Kingfisher case, the Finance Ministry has asked the Reserve Bank of India (RBI) to tighten lending norms to prevent borrowers from opening multiple current accounts outside their consortium banks.
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PSU Banks May Soon Begin Process to Declare Kingfisher Airlines Wilful Defaulter: Report
The Department of Financial Services, after reviewing top 50 Non Performing Accounts (NPAs) of public sector banks, has asked the state-owned banks to initiate action against those defaulters, sources added.
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Vijay Mallya earns reprieve from court appearance
Mr Mallya's counsel today apologised to the court, saying they were guided by the auditors, and pleaded that the statement of accounts as directed by it would be submitted in a week after which the Judge kept his order in abeyance.
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Kingfisher auditors raise concerns on Q3 accounting methods
Auditors of the debt-ridden airline said its third-quarter net loss would have been much higher, at Rs 1,090 crore, had it followed the "generally accepted accounting standards" of accounting.
-
Auditors flag concerns over Kingfisher's financials
Flagging concern over the financials of Kingfisher, its auditors have said the carrier's second- quarter net loss would have been much higher, at about Rs 1,032 crore, had it followed "generally accepted accounting standards" for certain income and expenses.
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BSE Sensex falls; ITC, Kingfisher decline
The BSE Sensex fell by over 81 points in the opening trade on Monday on account of profit-booking at higher levels amid weakening Asian trend.
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Profit Top 10: Kingfisher accounts frozen; Rupee weakens again
If you missed our coverage, here are the top 10 stories of the day.
-
Loans To Vijay Mallya's Kingfisher A Write-Off 'Only In Books,' Says Arun Jaitley
Around Rs 1,200 crore in dues owed by Vijay Mallya's collapsed Kingfisher Airlines has been labelled a write-off in the books of India's largest bank, the State Bank of India.
-
SBI Slammed Again! This Time For An Advertisement
The advertisement comes at a time when state-run banks are under severe strain on account of rising bad loans. Non-performing assets, or bad loans, of public sector banks have increased by nearly Rs 1 lakh crore to Rs 3.6 lakh crore in the first nine months of the current fiscal.
-
Kingfisher Airlines Owes About Rs 295 Crore To Airport Authority Of India
Defunct Kingfisher Airlines owes the Airport Authority of India (AAI) Rs 294.57 crore and three cases in the court have already been initiated in this regard, government said today.
-
United Spirits Falls on Inquiry Over Vijay Mallya's Kingfisher Airlines
An auditor's inquiry into United Spirits' financial accounts, conducted after Diageo took control, showed that between 2010 and 2013, funds were allegedly diverted illegally from the company to some of Mallya's group firms, including Kingfisher.
-
United Spirits May Have to Restate Accounts: Report
Facing a multi-agency scrutiny, Diageo-owned United Spirits Ltd (USL) may have to restate its financial accounts, even as some investor groups have begun to question the UK-based parent's long silence on allegations against the erstwhile main promoters, Vijay Mallya-led UB Group.
-
Mallya-USL Row: Accounting Regulator Seeks Details from Sebi on Auditors' Role
Concerned over the ongoing boardroom battle and the alleged lapses in the past, the minority shareholders of USL have also approached Sebi.
-
Kingfisher Airlines Faces Scrutiny for Accounting Lapses: Report
The airline, part of Vijay Mallya-led UB Group, has been grounded since October 2012, after being bogged down by huge and mounting losses.
-
Enforcement Directorate Seals Accounts of East Bengal Football Club's Holding Company
The unit of Enforcement Directorate in Kolkata region has sealed the accounts of Kingfisher United East Bengal Private Limited, the holding company of Kingfisher East Bengal football club, in connection with the multi-crore Saradha scam probe.
-
Finance Ministry Asks RBI to Tighten Monitoring to Check Fund Diversion: Report
Against the backdrop of the Kingfisher case, the Finance Ministry has asked the Reserve Bank of India (RBI) to tighten lending norms to prevent borrowers from opening multiple current accounts outside their consortium banks.
-
PSU Banks May Soon Begin Process to Declare Kingfisher Airlines Wilful Defaulter: Report
The Department of Financial Services, after reviewing top 50 Non Performing Accounts (NPAs) of public sector banks, has asked the state-owned banks to initiate action against those defaulters, sources added.
-
Vijay Mallya earns reprieve from court appearance
Mr Mallya's counsel today apologised to the court, saying they were guided by the auditors, and pleaded that the statement of accounts as directed by it would be submitted in a week after which the Judge kept his order in abeyance.
-
Kingfisher auditors raise concerns on Q3 accounting methods
Auditors of the debt-ridden airline said its third-quarter net loss would have been much higher, at Rs 1,090 crore, had it followed the "generally accepted accounting standards" of accounting.
-
Auditors flag concerns over Kingfisher's financials
Flagging concern over the financials of Kingfisher, its auditors have said the carrier's second- quarter net loss would have been much higher, at about Rs 1,032 crore, had it followed "generally accepted accounting standards" for certain income and expenses.
-
BSE Sensex falls; ITC, Kingfisher decline
The BSE Sensex fell by over 81 points in the opening trade on Monday on account of profit-booking at higher levels amid weakening Asian trend.
-
Profit Top 10: Kingfisher accounts frozen; Rupee weakens again
If you missed our coverage, here are the top 10 stories of the day.
