facebook pixel
chevron_right Business
transparent transparent
SBI denies laxity in dealing with Vijay Mallya case
India's biggest lender the State Bank of India (SBI) said Friday there was no laxity on its part in dealing with loan default by now defunct Kingfisher Airlines of fugitive liquor baron Vijay Mallya. Mallya has been facing legal proceedings for defaulting on loans of more than Rs 9,000 crore from a consortium of 17 banks. Mallya, in an open letter, had defended himself and said the SBI and other banks had lent him money despite knowing about his company's financial situation.
For the best experience use Awesummly app on your Android phone
Awesummly Chrome Extension Awesummly Android App