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Did former PMO, finance minister bailout Vijay Mallya?

 The office of former prime minister Manmohan Singh may have taken a special interest to try and keep afloat Vijay Mallya’s ailing Kingfisher Airlines against the run of play, e-mails and......

Will PNB acquire beleaguered Lakshmi Vilas Bank?

 PNB has rich experience in the integration of commercial banks. The Reserve Bank of India (RBI) is learnt to have told state-owned Punjab National Bank to get ready to take over Lakshmi Vilas Bank......

'What expertise does DBS have to run an Indian bank?'

 'On the evening of the 17th, the RBI said the bank was put on moratorium.' 'Within an hour, the RBI said it would be merged with DBS.' 'How did DBS come to know within an hour that LVB was in......

Yes Bank's insolvency may widen economic pain: S&P

 SBI's ownership should give confidence to depositors and lenders about the bank's solvency. S&P Global Ratings on Monday said quick resolution of Yes Bank's insolvency will keep India's banking......

Mallya aide Nedungadi steps down from UB Group

   Nedungadi, who had questioned Mallya's entry into aviation with Kingfisher Airlines, said he was ‘retiring and hanging up my boots’. Ravi Nedungadi, chief financial officer and......

Mallya's loan default case: CBI seeks help of four nations

 Officials of 17 banks which gave loan to Kingfisher Airlines and UB Group are also under the agency's scanner Expanding its probe into the Rs 7000 crore (Rs 70 billion) loan default by liquor......

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