Diageo gets assurance, Heineken may seek one, too.
Wilful defaulters will not be allowed to take up board positions in any company.
Poddar-Mallya agreement on running MCF likely to be re-worked.
United Spirits had earlier forked out a loan of as much as Rs 1,350 crore to UB Holdings.
Sebi asked to reconsider open offer nod as KFA was identified as wilful defaulter.
Days after the PM announced a financial inclusion package, a look at how banks and insurance firms are going about it and what lies ahead.
The finance ministry is not only keen to split the roles of CMD, but also wants to appoint them for a fixed tenure of five years.
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Diageo, which recently coughed up a total of Rs 18,000 crore (Rs 180 billion) to take majority control of USL, seems to have a lot of faith in him.
State Bank of India's push among fellow bankers to appoint an external agency to run debt-heavy Bhushan Steel might not be smooth sailing.
After razing his ancestral bungalow, housed in an expansive 4.5-acres of prime location in the central business district of Bangalore, Mallya's attempt to unlock value in the land by building the luxury KingfisherTowers has been stalled.
Bankers said fear of loan losses impairing their careers could make officers wary of sanctioning new loan proposals on their own.
A week after lenders invoked more of pledged shares, they did so again.
IDBI Trusteeship Services, in its capacity as the lenders' trustee to Kingfisher Airlines, has invoked a little over 4.93 mn shares worth Rs 1,300 crore.
In a disclosure to the markets, United Spirits has said it is awaiting information from UB Holdings for determining the treatment in the company's accounts of the loan together with applicable interest accrued until March 31, 2014.
Fresh hiring might slow as banks likely to focus on improving efficiencies.
Vijay Mallya, the embattled chairman of the UB Group, is not likely to be immediately named a wilful defaulter by the United Bank of India.
At the beginning of this year, his stake in the airline stood at 30.14%.
He manages to get back a majority of pledged shares.
Writes to shareholders highlighting its performance, governance practices.
ICICI Bank, HDFC Bank and Axis Bank reported healthy loan growth and asset quality.
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