The AIBEA said, the ARCs buy the bad loans of banks along with the attached securities at a discounted value and sell them or recover them later and thus make profit.
May 31, 2021
The loans were given by a consortium of 18 banks led by the State Bank of India along with the Indian Renewable Energy Development Agency (IREDA).
January 8, 2020
Industrialist Vijay Mallya, at the centre of a controversy in India over alleged loan default of Rs.9,000 crore,…
April 29, 2016
A Hyderabad Court has issued non-bailable warrants against Liquor baron Vijay Mallya and Chief Financial Officer of defunct…
March 13, 2016