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Did former PMO, finance minister bailout Vijay Mallya?

The office of former prime minister Manmohan Singh may have taken a special interest to try and keep afloat Vijay Mallya’s ailing Kingfisher Airlines against the run of play, e-mails and......

'What expertise does DBS have to run an Indian bank?'

'On the evening of the 17th, the RBI said the bank was put on moratorium.' 'Within an hour, the RBI said it would be merged with DBS.' 'How did DBS come to know within an hour that LVB was in......

Will PNB acquire beleaguered Lakshmi Vilas Bank?

PNB has rich experience in the integration of commercial banks. The Reserve Bank of India (RBI) is learnt to have told state-owned Punjab National Bank to get ready to take over Lakshmi Vilas Bank......

Yes Bank's insolvency may widen economic pain: S&P

SBI's ownership should give confidence to depositors and lenders about the bank's solvency. S&P Global Ratings on Monday said quick resolution of Yes Bank's insolvency will keep India's banking......

ED issues fresh summons to Vijay Mallya

ED had earlier issued summons to Mallya for "personal appearance" on March 18 under the provisions of the Prevention of Money Laundering Act (PMLA). Image: Mallya had sought time till April for......

Mallya's loan default case: CBI seeks help of four nations

Officials of 17 banks which gave loan to Kingfisher Airlines and UB Group are also under the agency's scanner Expanding its probe into the Rs 7000 crore (Rs 70 billion) loan default by liquor......

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