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What Made IDBI Give Rs. 900 Crore To Vijay Mallya? - News X

Wed, Mar 23, 2016, 07:16 PM
The banks are coming to the forefront about their integrity in disbursement of loans without proper validations to businessmen and this is once again proved in Vijay Mallya's case. When Vijay Mallya's Kingfisher Airlines was given a 900 crore loan by state run lender IDBI, it was already entangled in a full-blown financial crisis. The loan was granted in 2009 in March that year when the airline had declared losses of nearly 1,600 crores.
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