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IDBI LOAN News

28 Mar 2018

IDBI Bank discloses fraud of Rs 772 crore, shares fall

IDBI shares fell as much as 3.5 percent to 73.6 rupees by 0512 GMT.

07 Feb 2017

IDBI Bank Q3 loss widens to Rs 2,255 crore as bad loans soar

Public sector lender IDBI Bank's net loss widened further to Rs 2,254.96 crore in the third quarter of 2016-17 due to higher provisions for rising bad loans and fall in income.

29 Jan 2017

Vijay Mallya-IDBI bank CMD holiday meeting led to hasty sanction of Rs 350 crore loan: ED

Two initial tranches of loan worth Rs 350 crore were hastily disbursed by IDBI bank to Kingfisher Airlines after a "holiday" meeting between liquor baron Vijay Mallya and the then bank CMD as both organisations "criminally conspired" to clear the entire deal despite weak financials of the airline, the ED has said.

13 Aug 2016

CBI files FIR against Vijay Mallya in SBI loan default case

In the latest, CBI has filed FIR against Vijay Mallya in SBI loan default case.

18 Apr 2016

IDBI loan case: KFA counters ED's charges against Vijay Mallya in court

Kingfisher Airlines on Monday moved an application in the special PMLA court here terming as "false and incorrect" Enforcement Directorate's charges against its owner Vijay Mallya that he had siphoned off Rs 430 crore of the IDBI loan and used this money to acquire property abroad.

15 Apr 2016

Big blow to Vijay Mallya; government suspends his passport on ED's request

In what could give a big blow to liquor baron Vijay Mallya, his passport was on Friday suspended on the request of Enforcement Directorate (ED).

10 Mar 2016

Former IDBI CMD under scanner for Rs 350 crore loan to Vijay Mallya

Former IDBI Bank Chief Managing Director (CMD) Yogesh Aggarwal has come under scanner of the Central Bureau of Investigation and the Enforcement Directorate (ED) on charges of allegedly issuing loan of Rs 350 crore to liquor baron Vijay Mallya even ahead of the loan amount getting officially sanctioned by the bank

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