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Vijay Mallya slams ED, banks for taking more than 2x his debt

Mallya said more than Rs 8,000 crore have been recovered from him over and above the judgement debt. Photograph: Simon Dawson/Reuters Fugitive businessman Vijay Mallya has said that he will......

Banks Caught In A Trap

The cost of deposits is on the rise, but banks can't raise interest rate on close to 60% of their loan books, points out Tamal Bandyopadhyay. Illustration: Uttam Ghosh/Rediff.com The earnings......

Changes to banking laws have a consumer tilt

Better protection for depositors and investors was one of the chief considerations in Union Finance Minister Nirmala Sitharaman introducing, on Friday, the Banking Laws (Amendment) Bill, 2024, in......

'Should Have Bids For IDBI Before End Of FY'

'We are in a position to start due diligence and private data room access shortly.' IMAGE: IDBI Bank headquarter in Mumbai. Photograph: Niharika Kulkarni/Reuters The divestment of IDBI Bank is......

Meet Nirmalaji's Core Budget Team

The finance minister continues to be backed by the same policy team in charting out the broad strategy as in the few earlier Budgets. IMAGE: Finance Minister Nirmala Sitharaman distributes halwa......

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