Modi On Bank Defaulters

Union Finance Minister Nirmala Sitharaman on Monday attacked the previous UPA regime for its alleged failure to recover money from those who turned their loan accounts into non performing assets, and said under the Modi government, banks for the firs

Businessman Vijay Mallya, who is wanted in India for defaulting crores in loans to his failed Kingfisher Airlines, took to Twitter again this morning to hit out at Prime Minister Narendra Modi. The fugitive liquor baron said that by PM Modi's assertion that the recovery of assets was higher than the alleged Rs. 9,000 crores he owed.

Whether fugitive tycoon Vijay Mallya will be extradited to India to face fraud investigations is likely to be decided by a court in the UK today. He is wanted in India for defaulting on Rs 9,000 crore in loans to his failed Kingfisher Airlines. He repeated to reporters that he was ready to repay 100 per cent the principle that he owes -- an offer h...

In the wake of the Central Information Commission's notice to the Reserve Bank of India and the Prime Minister's office over their reluctance to make the names of wilful defaulters public, NDTV found at least four of the top ten public sector banks have already made this information available on their websites.

Weeks after the nation's largest bank fraud investigation began, lawmakers, bureaucrats and court officials began drafting tighter rules to prevent citizens fleeing abroad with unpaid dues.

India has compiled a list of people it is considering barring from leaving the country because of their involvement with companies that have defaulted on loans, a person with knowledge of the matter said.

In a major clampdown on banks after the Punjab National Bank (PNB)-Nirav Modi case, the Reserve Bank of India (RBI) on Tuesday barred banks from issuing letters of undertaking (LoUs) even as fresh details emerged about possibly the biggest fraud in India's banking history. Besides, the government revealed on Tuesday that alleged fraudster Mr Modi, ...

Top honchos of public sector banks have come under the scanner of the CBI in connection with alleged Rs 321.88 crore loan default case registered against billionaire jeweller Nirav Modi, officials said on Monday.

After billionaire jeweller Nirav Modi, industrialist Vikram Kothari, the promoter of Rotomac Pens, is being investigated by the CBI for defaulting on more than Rs 3,700 crore in loans from government banks. Investigators raided Vikram Kothari's home and establishments in Uttar Pradesh's Kanpur around daybreak, hours after the CBI filed a First Info...

Warning that no bank defaulter will be spared, Prime Minister Narendra Modi today accused Congress of helping the rich usurp people's money and said that his government has "tightened the screws" on the "looters" who were now fleeing due to fear of going to jail.

Congress members in Rajya Sabha today again raised the issue of Vijay Mallya, who has allegedly defaulted on over Rs 9,000 crore bank loans, and demanded that the industrialist be brought back to India, along with former Indian Premier League (IPL) chief Lalit Modi.

India's state-owned banks warned growth in bad loans may continue into next year as they posted a rise in troubled loans for the September quarter with a weakening economy causing debt-laden sectors such as infrastructure to default on payments.

Union Finance Minister Nirmala Sitharaman on Monday attacked the previous UPA regime for its alleged failure to recover money from those who turned their loan accounts into non performing assets, and said under the Modi government, banks for the firs

Businessman Vijay Mallya, who is wanted in India for defaulting crores in loans to his failed Kingfisher Airlines, took to Twitter again this morning to hit out at Prime Minister Narendra Modi. The fugitive liquor baron said that by PM Modi's assertion that the recovery of assets was higher than the alleged Rs. 9,000 crores he owed.

Whether fugitive tycoon Vijay Mallya will be extradited to India to face fraud investigations is likely to be decided by a court in the UK today. He is wanted in India for defaulting on Rs 9,000 crore in loans to his failed Kingfisher Airlines. He repeated to reporters that he was ready to repay 100 per cent the principle that he owes -- an offer h...

In the wake of the Central Information Commission's notice to the Reserve Bank of India and the Prime Minister's office over their reluctance to make the names of wilful defaulters public, NDTV found at least four of the top ten public sector banks have already made this information available on their websites.

Weeks after the nation's largest bank fraud investigation began, lawmakers, bureaucrats and court officials began drafting tighter rules to prevent citizens fleeing abroad with unpaid dues.

India has compiled a list of people it is considering barring from leaving the country because of their involvement with companies that have defaulted on loans, a person with knowledge of the matter said.

In a major clampdown on banks after the Punjab National Bank (PNB)-Nirav Modi case, the Reserve Bank of India (RBI) on Tuesday barred banks from issuing letters of undertaking (LoUs) even as fresh details emerged about possibly the biggest fraud in India's banking history. Besides, the government revealed on Tuesday that alleged fraudster Mr Modi, ...

Top honchos of public sector banks have come under the scanner of the CBI in connection with alleged Rs 321.88 crore loan default case registered against billionaire jeweller Nirav Modi, officials said on Monday.

After billionaire jeweller Nirav Modi, industrialist Vikram Kothari, the promoter of Rotomac Pens, is being investigated by the CBI for defaulting on more than Rs 3,700 crore in loans from government banks. Investigators raided Vikram Kothari's home and establishments in Uttar Pradesh's Kanpur around daybreak, hours after the CBI filed a First Info...

Warning that no bank defaulter will be spared, Prime Minister Narendra Modi today accused Congress of helping the rich usurp people's money and said that his government has "tightened the screws" on the "looters" who were now fleeing due to fear of going to jail.

Congress members in Rajya Sabha today again raised the issue of Vijay Mallya, who has allegedly defaulted on over Rs 9,000 crore bank loans, and demanded that the industrialist be brought back to India, along with former Indian Premier League (IPL) chief Lalit Modi.

India's state-owned banks warned growth in bad loans may continue into next year as they posted a rise in troubled loans for the September quarter with a weakening economy causing debt-laden sectors such as infrastructure to default on payments.