The Mumbai-based full-service airline has been suffering from the cash crunch for the past few months, resulting in constant delays in the salaries of its employees.

ICICI Bank CEO Chanda Kochhar to be on leave till probe is over, Sandeep Bakhshi named COOThe ICICI Bank's Board of Directors has said that Chanda Kochhar, MD and CEO of ICICI Bank, will be on leave till the ongoing independent enquiry against her is completed. In its meeting, the Board also appointed Sandeep Bakhshi as the Whole Time Director and Chief Operating Officer (COO) designate. He will report to the ICICI Bank CEO. In its regulatory filing, ICICI Bank has also establishe...

The victory for the banks, which claimed the businessman had wilfully defaulted on the loans accessed from them, will enable them to enforce the Indian judgment against Mallya's assets in England and Wales.

Stock prices can sometimes fall like a brick, but that does not mean you can bottom-fish. Here's how you can avoid a costly plunge.

Steps that government, regulators and banks need to take to make the banking system more competitive, efficient and less fraud-prone.

While it is the job of the investigating agencies to find out who engineered the billion-dollar scam, there is no denying the fact that there was a disintegrated system in place that allowed the official to execute the fraud and stay undetected for so long.

As per the legal claim, Kingfisher Airlines signed an agreement with aircraft leasing company BOC Aviation to lease out four aircrafts in 2014. The company delivered three of them but the fourth one couldn't be delivered due to an advance payment issue.

Former RBI governor Raghuram Rajan is not known to hold back his punches. And defaulting promoters are a pet target of his. He has said it many times before, and he's just said it again in Davos: Promoters of companies that go belly-up have to face strong consequences.

Vijay Mallya, who is undergoing an extradition trial in a UK court over Rs 9,000-crore fraud and money laundering charges, will face next year a parallel litigation brought by 13 Indian banks to freeze nearly $1.5 billion of his assets.

Armed with war chests, global distressed funds are eyeing troubled assets in India.

Bankers and policymakers fear India could be throwing good money after bad with the capital injection announced last month, unless it tightens lending rules and institutes governance reforms to insulate banks from political pressure.

If global history is any indication, it is high time for India to think out of the box or borrow tested global models. Many experts feel that setting up a bad bank will be a bold and radical idea.

Mid and small companies, and the agriculture sector, are major contributors to banks' bad assets. The NPA levels of large corporations are now all set to change with the central bank closing the corporate debt restructuring window.

Domestic aviation industry is estimated to grow at 14 per cent helped by a positive outlook for crude prices.

The government plans to shake up the traditional governance structures of public sector banks. But it is easier said than done.

Official sources said Vijay Mallya has been summoned to appear before investigators of the ED in Mumbai on March 18.

The liquor baron Vijay Mallya said he will continue to cooperate with investigative agencies related to the loans provided by banks to long-defunct Kingfisher Airlines.

Vijay Mallya, widely known as the 'King of Good Times' in his heydays, had to quit recently as Chairman of United Spirits - a company founded by his family in which he sold majority stake to UK-based liquor giant Diageo.

Chairman Ajay Singh's hands-on approach has led to the gradual improvement in market share and financial performance in recent months. However, the challenges in front of SpiceJet are still daunting.

Mallya is an influential Member of Parliament and carries goodwill with several leading politicians cutting across political boundaries.