Page 132 - Nirav Modi News Today

The asset monetisation target is unlikely to be revised in the Union Budget 2022-2023, a source familiar with the matter told Business Today.

Finance Minister Nirmala Sitharaman on Monday told the Lower House that banks recovered about Rs 13,109 crore from the asset sale of defaulters such as Nirav Modi, Vijay Mallya. She also said that Rs 5.49 lakh crore have been recovered through the resolution of bad loans in the last seven years. More to follow... Check out the latest DH videos here:

Banking circles describe it as the "second biggest" default of its kind notched by a diamond industry entity after the infamous Punjab National Bank scam of around Rs 14,000 crore involving Mehul Choksi and Nirav Modi - erupted in early 2018, shaking the country's banking industry.

FM Sitharaman also said that banks have recovered Rs 5.49 lakh crore through resolution of bad loans in last seven years.

In another stunner, a prominent diamantaire has allegedly defaulted repaying loans worth over a staggering Rs 6,710-crore to the government-backed private sector IDBI Bank Ltd, Mumbai, official sources said.The outstanding amount also comprises ...

Amid India's highest inflation spike in three decades in November and growing clamour for a clampdown on rising prices, Finance Minister Nirmala Sitharaman Monday said inflation is well within the prescribed limit. However, the government will take action to moderate the prices of edible oil and a few essential edible items, which are on the rise.

Finance Minister Nirmala Sitharaman today said that banks have recovered Rs 13,109.17 crore from asset sale of fugitives like Vijay Mallya, Nirav Modi and Mehul Choksi.

Opposition MPs from Lok Sabha and Rajya Sabha will hold a joint march to Vijay Chowk on Tuesday, seeking the sack for Union Minister Ajay Mishra in connection with the Lakhimpur Kheri incident, even as leaders of five parties whose MPs were suspended refused to attend a meeting called by the government in protest against “selective invites”.

Banks recover Rs 13,100 cr from assets sale of defaulters Vijay Mallya, Nirav Modi: FM Sitharaman

In another stunner, a prominent diamantaire has allegedly defaulted repaying loans worth over a staggering Rs 6,710-crore to the government-backed private sector IDBI Bank Ltd, Mumbai, official sources said.