loan defaults

Vijay Mallya is busy polishing his image, but that may work for a web series, not in real life. At this point, it’s no longer just about recovery—it’s a matter of criminal conspiracy, fraud, and money laundering.

An FIR has been filed against HDFC Bank's MD and CEO by a Mehta family of Lilavati Hospital Trust that allegedly defaulted on a bank loan provided back in 1995

In the petition, the bank claimed that they had contacted the defaulters and had repetitively asked them to repay their respective loans. Following this, the bank said it had no option but to resort to publishing a flex exposing their details in front of the head office.

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%.