Vijay Mallya was given a loan of 9000 crores by creating a consortium led by State Bank of India. A total of 13 banks were involved in this consortium.
Mallya With Pinki Lalwani ( File Phoro )
On one hand, the government is selling its stake in banks. Emphasizing to privatize PSUs. At the same time, big banks of the country are also struggling with the NPA. In such bad times, a good news has come for the banks that the British court has given a verdict against the liquor businessman Vijay Mallya who has run away from India. In such a situation, there is a hope of a return of 14000 crores of banks. In fact, Vijay Mallya had taken a loan of 9000 crores but after interest, this amount has now become 14000 crores.
In fact, regarding the removal of the security cover on the Bijay Mallya property, the consortium led by State Bank of India had demanded that it be removed. This demand of banks has been accepted by the British court. In such a situation, banks will now be able to recover their money by selling Vijay Mallya’s property. It is not that banks have not tried to auction the property of Vijay Mallya.
Mallya is not coming to India right now
Actually, the decision given by the British court is not about extradition of Vijay Mallya. This decision is about the removal of the security cover that has been put on Vijay Mallya’s property. Its opinion is that banks will be able to recover their debt by selling assets. Although Mallya has lost the extradition case, but no final verdict has been announced so far that Vijay Mallya will have to come to India on this date or this month.
How will the banks be charged 14000 crore rupees
Vijay Mallya was given a loan of 9000 crore by creating a consortium led by State Bank of India. This consortium consisted of a total of 13 banks including Bank of Baroda, Corporation Bank, Federal Bank, IDBI Bank, Indian Overseas Bank, Jammu & Kashmir Bank, Punjab & Sind Bank, PNB, Stab Bank of Mysore, UCO Bank, United Bank of India And JM Financial Asset Reconstruction is the name of the company. Now after this decision, these banks can get their money back by selling assets through consortium of SBI. In fact, Vijay Mavya had taken a loan of 9000 crores through this consortium, but by adding bank interest, this amount has now reached 14000 crores.
Which bank owes so much
State Bank of India formed a consortium to give loans to Mallya. As it was being spearheaded by SBI itself. Therefore, the highest amount was given to Mallya from this bank. Vijay Mallya was given a loan of 1600 crores by SBI. Apart from this, Punjab National Bank had given 800 crores, IDBI 800 crores and the remaining amount was given by the rest of the consortium banks.
read this also: These people earned 1.42 lakh rupees in just 4 hours from this one share, this is how rich they are
read this also: Case filed against Air India in US court for 12000 crores, will its sale be postponed again? Know the whole matter