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UB Group denies Kingfisher loans funded offshore property

State-run IDBI Bank is one of Kingfisher's more than a dozen creditor banks.  Embattled Indian tycoon Vijay Mallya's UB Group has denied allegations that it used Rs 4.3 billion ($65 million)......

Loan to Kingfisher: CBI names 5 IDBI Bank executives

  There was a slew of meetings between Mallya and key bank executives as the Kingfisher Airlines was going under Five serving and former executives of the IDBI Bank, mentioned in a probe......

IDBI Bank ranked as the 2nd most trusted PSU brand

IDBI Bank has been ranked as the second most trusted brand in the PSU category according to ‘The Brand Trust Report 2015’. The study covered 19,000 brands across 16 cities. ......

Banks set for lending rate action this week

SBI, IDBI Bank among a host of lenders holding asset-liability panel meets Days after the Reserve Bank of India lowered the repo rate in a surprise move, banks have set the ball rolling for a......

IDBI Bank to declare Kingfisher Airlines 'wilful defaulter'

Public-sector lender IDBI Bank has said it is planning to announce liquor baron Vijay Mallya's Kingfisher Airlines as a wilful defaulter. The bank, which has a Rs 750-crore (Rs 7.5 bilion) exposure......
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Mallya asked to appear before a Mumbai court on July 29

Liquor baron Vijay Mallya has been asked to appear before a PMLA court here on July 29 in connection with its money laundering probe against him in... ...

http://www.rediff.com/money/report/mallya-asked-to-appear-before-a-mumbai-court-on-july-29/20160629.htm
Cabinet approves 23.6% salary hike for govt staff

Finance Minister Arun Jaitley on Monday gave relief to small tax payers, nudged the affluent to shell out more while focusing on the rural economy... ...

http://timesofindia.indiatimes.com/india/Bonanza-for-government-staff-Cabinet-approves-23-6-overall-pay-hike/articleshow/52968745.cms
Government should sell stake in PSBs if it wants growth

The government must play the role of a responsible sponsor if it wants banks to support growth. The message, from the banking regulator, is clear... ...

http://economictimes.indiatimes.com/industry/banking/finance/banking/government-should-sell-stake-in-psbs-if-it-wants-growth/articleshow/52964787.cms
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