Banks have lost it: Sending Vijay Mallya to jail will make them double-losers
Is India losing the plot on Vijay Mallya, the failed airline entrepreneur who has lost some of his crown jewels in the booze business while trying to make Kingfisher fly long after it was time to say...
View ArticleVijay Mallya resigns as MP; says he is disappointed with Rajya Sabha colleagues
Embattled Liquor-baron, Vijay Mallya, has resigned from his capacity as a member of parliament, a week after the Rajya Sabha ethics panel recommended his termination. The committee had given Mallya a...
View ArticleMr Mallya, why don’t you return to India if you are not a defaulter?
Vijay Mallya, not definitely the King of Good Times these days, isn’t a happy man with so many recent developments. One such is the ‘media trial’ against him since 2 March—the day when he left the...
View ArticleRs 66,000 crore question: Why are banks slow to deal with wilful defaulters?
On Tuesday, the government informed in Parliament that the total number of wilful defaulters of Public Sector Banks (PSBs) escalated from 5,554 to 7,686 for the period December '12-December '15 with...
View ArticleChartered accountants’ apex body reviews financial statements of Mallya group...
Chartered accountants' apex body ICAI is reviewing financial statements of certain Vijay Mallya group firms to assess the role of auditors and has warned of strict disciplinary action in case of...
View ArticleCorporate NPAs double in 3 yrs; can new Bankruptcy law offer antidote?
In just 3-years, the corporate Non-Performing Assets (NPAs) of sarakari banks more than doubled as a percent of total corporate loans, going by the information provided by Minister of state of finance,...
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