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Liquidity boost: State banks can now buy assets of NBFCs

The scheme will help address NBFCs and HFCs resolve their temporary liquidity or cash flow mismatch issues.

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Dec 11, 2019, 10.05 PM IST

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Indian banks argue for UK court to declare Vijay Mallya bankrupt

A group of Indian public sector banks sought a bankruptcy order against embattled liquor tycoon Vijay Mallya during a High Court hearing in London. Judge Michael Briggs presided over the ongoing hearing in the insolvency division of the court on a bankruptcy petition filed by the banks last year, in relation to lending by Mallya's now-defunct Kingfisher Airlines.

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