IDBI

Vijay Mallya may have diverted 'huge chunk of loan' to shell companies

Vijay Mallya may have diverted 'huge chunk of loan' to shell companies

A report in a  leading national daily quotes sources within CBI and ED as that Mallya diverted funds to shell companies in seven countries including UK, France and Ireland.

Sep 25, 2017, 10:30 AM IST
Inflation data, geopolitical developments to drive markets

Inflation data, geopolitical developments to drive markets

Inflation data and developments arising from simmering tension between the US and North Korea will guide Indian equities' movement in a holiday-shortened week ahead, say experts.

Aug 13, 2017, 11:12 AM IST
IDBI Bank employees to observe one-day strike today

IDBI Bank employees to observe one-day strike today

Banking operations at IDBI Bank may be impacted on Tuesday as a section of its employees have given a strike call to press for their wage related demand.

 

Apr 12, 2017, 00:08 AM IST

Vijay Mallya loan default: CBI arrests 9, including IDBI Bank ex-chairman

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Jan 24, 2017, 14:03 PM IST
Vijay Mallya loan case: CBI arrests eight officials of Kingfisher Airlines and IDBI Bank

Vijay Mallya loan case: CBI arrests eight officials of Kingfisher Airlines and IDBI Bank

The CBI on Monday four former executives of IDBI Bank including a former chairman of the bank in the alleged money laundering case involving beleaguered businessman Vijay Mallya.

Jan 23, 2017, 21:46 PM IST
Lending rate cuts to boost economy, push consumption: Industry

Lending rate cuts to boost economy, push consumption: Industry

With lenders such as SBI, PNB, Union Bank of India and IDBI slashing benchmark lending rate, India Inc on Monday said the move will act as a "booster dose" for the economy and propel consumption as lending may pick up significantly.

Jan 02, 2017, 16:10 PM IST
IDBI Bank reduces MCLR for various tenors

IDBI Bank reduces MCLR for various tenors

State-run IDBI Bank on Friday said it has reduced its marginal cost of funds based lending rate (MCLR) for various tenors, effective from January 1.

Dec 30, 2016, 20:49 PM IST
Court directs Vijay Mallya to appear in a FERA violation case, cancels exemption

Court directs Vijay Mallya to appear in a FERA violation case, cancels exemption

A Delhi court on Saturday cancelled the exemption granted to liquor baron Vijay Mallya from personal appearance in a case lodged for allegedly evading summons in connection with a FERA violation case.

Jul 09, 2016, 17:17 PM IST
Vijay Mallya makes rare public appearance in Silverstone

Vijay Mallya makes rare public appearance in Silverstone

Embattled Indian business tycoon Vijay Mallya today made a rare public appearance in the United Kingdom as he attended the Free Practice sessions ahead of Sunday's British Grand Prix, here.

Jul 08, 2016, 18:03 PM IST
UK not yet approached for extradition of Mallya, Lalit: Sushma Swaraj

UK not yet approached for extradition of Mallya, Lalit: Sushma Swaraj

India has not yet approached the UK for extradition of liquor baron Vijay Mallya and former IPL boss Lalit Modi, wanted by Indian investigators in multiple cases, External Affairs Minister Sushma Swaraj said on Sunday, as the ED is still to provide required documents to her ministry.

Jun 19, 2016, 19:21 PM IST
Vijay Mallya quietly sold 2 properties worth several crore before ED move

Vijay Mallya quietly sold 2 properties worth several crore before ED move

Vijay Mallya had quietly sold two properties worth several crore before Enforcement Directorate's move to attach his properties to the tune of Rs 1,411 crore

Jun 13, 2016, 08:48 AM IST
Bank loans utilised for legitimate business purposes; no legal basis for ED action: Vijay Mallya

Bank loans utilised for legitimate business purposes; no legal basis for ED action: Vijay Mallya

Vijay Mallya has issued a statement saying that there was no misappropriation or diversion of funds given by banks and he was pained to read reports about the agencies planning an action against him.

Jun 12, 2016, 21:35 PM IST
Vijay Mallya tweets defence after ED attaches his properties

Vijay Mallya tweets defence after ED attaches his properties

After his properties worth Rs 1,411 crore were attached by the Enforcement Directorate (ED) on Saturday in the issue of money laundering related with the IDBI loan default case beleaguered businessman Vijay Mallya tweeted his defence.

Jun 11, 2016, 23:19 PM IST
ED attaches Mallya's properties worth Rs 1,411 cr; beleaguered businessman tweets defence

ED attaches Mallya's properties worth Rs 1,411 cr; beleaguered businessman tweets defence

In the latest, properties worth Rs 1,411 crore belonging to Vijay Mallya have been attached by the Enforcement Directorate (ED) on Saturday in the issue of money laundering related with the IDBI loan default case.

Jun 11, 2016, 18:56 PM IST
Mallya cannot be deported; extradition after charge sheet

Mallya cannot be deported; extradition after charge sheet

Government had cancelled Mallya's passport weeks after he flew first-class to London on March 2. Public sector banks had also knocked on the doors of the Supreme Court to recover the loans.

May 11, 2016, 13:04 PM IST
Vijay Mallya deportation: Jaitley says not surprised by UK's stand

Vijay Mallya deportation: Jaitley says not surprised by UK's stand

Finance Minister Arun Jaitley said that he is not surprised by the UK government's stand on liquor baron Vijay Mallya's deportation.

May 11, 2016, 11:22 AM IST
Setback for Indian government! UK declines Vijay Mallya's deportation

Setback for Indian government! UK declines Vijay Mallya's deportation

The MEA quoted the UK government saying that it recognises the seriousness of allegations made against the liquor baron and will fully cooperate with government of India.

May 11, 2016, 08:57 AM IST

Will recover complete due fro Mallya, Say's IDBI bank's MD

Will recover complete due fro Mallya, Say's IDBI bank's MD.

May 06, 2016, 20:18 PM IST
Congress criticises Centre for not inquiring Vijay Mallya's transactions

Congress criticises Centre for not inquiring Vijay Mallya's transactions

Congress today made a scathing attack on the Centre "for not inquiring" various transactions of money paid to Vijay Mallya by Diageo Plc, including the USD 40 million Sweetheart deal.
 

May 02, 2016, 00:40 AM IST
 Vijay Mallya not cooperating in investigation process: Banks tell SC

Vijay Mallya not cooperating in investigation process: Banks tell SC

The consortium of banks today alleged in the Supreme Court that Vijay Mallya, who has been in United Kingdom, is not cooperating in the investigation of cases lodged against him and was averse to disclosing foreign assets.

Apr 25, 2016, 21:28 PM IST