loan defaults

The Bank of China reported on September 1 that overdue unpaid credit in the first half of 2023 totaled RMB 89.646 billion yuan (approximately $12.3 billion), an increase of 3.54% compared to last year, VOA reported.

“Comprehensive measures have been taken by the Government and RBI to recover and to reduce NPAs, including those pertaining to corporate companies, which has enabled an aggregate recovery of Rs. 10,16,617 crore (RBI provisional data for FY 2022-23) by SCBs during the last nine financial years,” the written reply stated. 

Shehbaz Sharif govt in Pakistan has passed an ordinance allowing it to sell govt assets to repay foreign loans

Mallya family trust owned Rose Capital Ventures, which is based out of British Virgin Islands, mortgaged his London property in 2012 to UBS for a 5 year loan of 20.4 million pounds. In 2017, the loan had expired and Mallya was not able to pay the outstanding dues on it.

China’s Director-General for African Affairs Wu Peng dismissed reports of China taking over Airport in Uganda as 'illogical propaganda'

PMC Bank had total lendings at around 8300 crores and exposure to HDIL alone is reportedly at 31%.

Union Finance Minister Nirmala Sitharaman briefed the media on Friday, announced the merger of many PSU banks.

NCP leader's son took loan from J&K using fraudulent means, settled it for much less amount by willfully defaulting

With this, India intends to narrow down all possible avenues of relief for the 63-year-old former Kingfisher Airlines boss.

The Indian authorities are trying hard to get Vijay Mallya extradited to India in his loan defaulting case