Sep 02, 2014 at 18:37 | Source: PTI
According to sources, the Finance Ministry has urged RBI to tighten the norms and monitoring system so that activities like fund diversion could be prevented.
Sep 02, 2014 at 17:51 | Source: CNBC-TV18
It is not just lend fresh, even renewal of cash credit limits will not be entertained if any of the board members of any company are board members of a company that has been declared a wilful defaulter and in this case specific directors have been named as wilful defaulters.
Sep 02, 2014 at 16:16 | Source: PTI
In a statement, the Vijay Mallya-owned company said, "KFA and its directors will vigorously challenge the decision of UBI".
Sep 02, 2014 at 14:21 | Source: Moneycontrol.com
Under law, willful defaulters cannot have access to any further bank funding and neither can companies where they serve as directors.
Sep 02, 2014 at 14:19 | Source: PTI
The Kingfisher Airlines had alleged that the order by GRC was passed yesterday, ignoring the plea that the director should be allowed to be represented through lawyers.
Sep 02, 2014 at 08:29 | Source: Moneycontrol.com
Tata Motors | Hero Motocorp | TVS Motor Company | Escorts | Cipla | Kingfisher Airlines | United Bank of India | Rural Electrification Corporation | Dhanlaxmi Bank | Power Finance Corporation | GAIL India | Jindal Steel | Hindalco Industries | GVK Power | SAIL and Jaiprakash Associates are stocks, which are in the news today.
Sep 01, 2014 at 16:18 | Source: CNBC-TV18
United Bank has declared Kingfisher Airlines and its promoter Vijay Mallya as wilful defaulter. The bank is in the process of sending formal notices to the company and will inform RBI as well.
Sep 01, 2014 at 14:20 | Source: PTI
The Kolkata-based bank is the first PSU lender to initiate the process of declaring Vijay Mallya and three other directors of the grounded Kingfisher Airlines as wilful defaulters a couple of months ago
Aug 28, 2014 at 13:25 | Source: CNBC-TV18
KFA has moved to the Delhi High Court and has managed to get relief to the extent of the show-cause notice having being set aside.
Aug 28, 2014 at 08:21 | Source: CNBC-TV18
Rural Electrification Corporation | Power Finance Corporation | ONGC | NHPC | Coal India | Adani Power | Tata Power | DLF | Piramal Enterprises | Navin Fluorine | Torrent Pharma | PNB | UCO Bank | Liberty Shoes | ITD Cementation | Muthoot Finance | Financial Tech | MCX India and Gayatri Projects are stocks, which are in the news today.