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Damned if you do, damned if you don't: Mallya lashes out at banks

Thursday, March 28, 2019, 6:28 PM

A day after banks recovered Rs.1,008 crore by selling shares held by Vijay Mallya in United Breweries, the liquor baron tweeted, "So much so for branding me a thief who stole PSU Bank money and ran away". "All included in my settlement proposal too. Damned if you do and Damned if you don't is how I am treated," he added.
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Lenders may pick up substantial stake in Jet Airways

Friday, March 22, 2019, 8:58 PM

This might just come as a new lease of life for the cash-strapped Jet Airways, which is waging a battle on many fronts. The lenders of the debt-laden carrier are pressing for a change in management, government sources told ETNow. They are believed to be weighing a plan to sell the company after securing a stake.
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China banking regulators tell banks to boost support for rural economies

Sunday, March 10, 2019, 12:32 PM

China's banking and insurance regulators have issued a notice to commercial banks to boost financial support for country's rural-areas. In a notice issued on March-8, the China Banking and Insurance Regulatory Commission told commercial banks to fulfill special lending targets, including those for achieving faster increases in loans to farmers and other businesses in rural areas. The notice did not refer to specific targets.

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