Sbi Loan Recovery

Any bank, especially the State Bank of India (SBI) being the leading bank of the country, is expected to take proactive steps to ascertain whether the people being sued by it are dead or alive, a Delhi court has said.

A consortium of Indian banks led by the State Bank of India (SBI) was back for a High Court hearing in London on Friday in pursuit of a bankruptcy order against embattled liquor tycoon Vijay Mallya, as they attempt recovery of debt from loans paid ou

A consortium of Indian banks led by the State Bank of India (SBI) returned to the High Court in London for a bankruptcy application hearing against liquor tycoon Vijay Mallya, as they pursue the recovery of debt from loans paid out to his now-defunct Kingfisher Airlines.

The Delhi High Court on Monday sought the Centre and SBI's reply to former RCom chairman Anil Ambani's plea to include the Chinese banks, which have got a decree of 717 million dollars against him from a court in United Kingdom, in the proceedings related to recovery of Rs 1200 crore loan granted to two of his companies.

SBI, the country's largest lender, has been active as well on NPA recovery channels outside the insolvency process.

About 16.6 per cent of loans to corporates - or about 8.4 per cent of the GDP - had been declared non-performing, according to Credit Suisse.

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.

Lenders' hopes of recovering money from assets qualified as 'bad' recently will come true in the latter half of the next fiscal, once changes in redressal mechanisms are introduced, BofA-ML said on Thursday.

British liquor giant Diageo Plc on Thursday filed an interlocutory application before the Debt Recovery Tribunal seeking vacating of DRT's March 7 order barring liquor baron Vijay Mallya from withdrawing $75 million exit buyout by it under a sweetheart deal till the disposal of SBI's case against him over loan default.

British liquor giant Diageo and two of its subsidiaries on Tuesday filed objections in the Debt Recovery Tribunal here against its last month order barring liquor baron Vijay Mallya from withdrawing a $75 million exit payout by it under a sweetheart deal till the disposal of State Bank of India's case against him over loan default.

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.

On auctions of mortgaged assets in the recent past, he said the process is being received well but declined to give details of the money raised.

In addition, the bank has initiated 'Dynamic Credit Rating' review of borrowal accounts to capture deterioration in credit quality promptly and to initiate corrective action and facilitate correct pricing of risk, she said in a message to shareholders ahead of July 2 Annual General Meeting.

Clamping down on Vijay Mallya-led UB Group to recover loans, a 17-bank consortium led by State Bank of India (SBI) on Tuesday took over possession of the prized Kingfisher House, estimated to be worth Rs 100 crore.

What about loan recovery from those other than Kingfisher?, wondered its promoter Vijay Mallya while taking a dig at bank chiefs in his tweet for their "constant speak" to media on getting back dues from the grounded airline.

Any bank, especially the State Bank of India (SBI) being the leading bank of the country, is expected to take proactive steps to ascertain whether the people being sued by it are dead or alive, a Delhi court has said.

A consortium of Indian banks led by the State Bank of India (SBI) was back for a High Court hearing in London on Friday in pursuit of a bankruptcy order against embattled liquor tycoon Vijay Mallya, as they attempt recovery of debt from loans paid ou

A consortium of Indian banks led by the State Bank of India (SBI) returned to the High Court in London for a bankruptcy application hearing against liquor tycoon Vijay Mallya, as they pursue the recovery of debt from loans paid out to his now-defunct Kingfisher Airlines.

The Delhi High Court on Monday sought the Centre and SBI's reply to former RCom chairman Anil Ambani's plea to include the Chinese banks, which have got a decree of 717 million dollars against him from a court in United Kingdom, in the proceedings related to recovery of Rs 1200 crore loan granted to two of his companies.

SBI, the country's largest lender, has been active as well on NPA recovery channels outside the insolvency process.

About 16.6 per cent of loans to corporates - or about 8.4 per cent of the GDP - had been declared non-performing, according to Credit Suisse.

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.

Lenders' hopes of recovering money from assets qualified as 'bad' recently will come true in the latter half of the next fiscal, once changes in redressal mechanisms are introduced, BofA-ML said on Thursday.

British liquor giant Diageo Plc on Thursday filed an interlocutory application before the Debt Recovery Tribunal seeking vacating of DRT's March 7 order barring liquor baron Vijay Mallya from withdrawing $75 million exit buyout by it under a sweetheart deal till the disposal of SBI's case against him over loan default.

British liquor giant Diageo and two of its subsidiaries on Tuesday filed objections in the Debt Recovery Tribunal here against its last month order barring liquor baron Vijay Mallya from withdrawing a $75 million exit payout by it under a sweetheart deal till the disposal of State Bank of India's case against him over loan default.

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.

On auctions of mortgaged assets in the recent past, he said the process is being received well but declined to give details of the money raised.

In addition, the bank has initiated 'Dynamic Credit Rating' review of borrowal accounts to capture deterioration in credit quality promptly and to initiate corrective action and facilitate correct pricing of risk, she said in a message to shareholders ahead of July 2 Annual General Meeting.

Clamping down on Vijay Mallya-led UB Group to recover loans, a 17-bank consortium led by State Bank of India (SBI) on Tuesday took over possession of the prized Kingfisher House, estimated to be worth Rs 100 crore.

What about loan recovery from those other than Kingfisher?, wondered its promoter Vijay Mallya while taking a dig at bank chiefs in his tweet for their "constant speak" to media on getting back dues from the grounded airline.