Mallya offered to pay Rs 4,000 crore (Rs 40 billion) as settlement.
Two members recommended bringing down the rate by 50 bps in the April policy.
Loans to wilful defaults are said to be a little over Rs 1 lakh crore.
Notably, the present government has been vociferous about the high debt it inherited from the Left Front government
'Confidentiality needs to be maintained.'
Khardah is no ordinary constituency. It is the electoral battleground of two economists-turned-finance ministers.
Benchmark rate for new loans to be lower by 80-90 bps from Friday; move could increase competition but hit commercial papers.
Nandigram today is a conglomeration of model villages fenced by its greenery.
In the case of Iran, the lifting of sanctions has paved the way for direct relations.
Banks have been patient and flexible in rescheduling loans.
Enthused by India's financial inclusion drive, US-based Accion, one of the biggest micro finance organisations in the world, has renewed its focus in India. Michael Schlein, bottom, left, chief executive officer of Accicon, tells Namrata Acharya in an email interview the Wall Street and Silicon Valley are eager to participate in opportunities presented by the issuance of the small finance and payment bank licences, the expanded banking correspondent opportunities, and the Jan-Dhan Yojna.
The next chairman at the country's largest lender could enjoy a four-year tenure.
Financial inclusion has been on the top of the govt's top agenda.
Money sent abroad rises sharply in July; maintenance of close relatives, education expenses top the chart
China accounts for more than one-third of the apparel export market
Dalhousie square has close to 55 historic landmarks.
This time, the price of potato had shot up to Rs 50 per kg.
India received $70 billion in remittances during 2014.
In urban India, the fall in rice consumption was 0.2 kg per person per month.
For India's leading MFI-turned bank, the challenge is to stay competitive while pricing its loans
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