Indian Banks  

The Election Commission of India (ECI) has partnered with the Indian Banks' Association (IBA) and the Department of Posts (DoP) to enhance voter outreach and awareness ahead of the 2024 General Elections

The circular, if implemented, would have taken many big companies like Essar Power, GMR Energy, KSK Energy and Rattan India Power to insolvency.

Vijay Mallya has offered to pay 100 percent of the amount he owes to Indian banks. He has accused NDA of double standards and has said that his 4000 crore investment into Kingfisher was not recognised and instead slammed.

In 2013, a consortium of Indian banks led by State Bank of India approached United Breweries Holdings Ltd for the payback of a loan amounting to Rs 6,493 crore on behalf of Kingfisher Airlines

Mallya is facing a case for defaulting Indian banks to the tune of Rs 9,000 crore. Recently, he also said that he is ready to pay the 'principal' amount, which means, he would not give interest on the money he has defaulted on. 

Modi said, "There was a special tradition of phone banking and it was so widespread that if any 'naamdar’ (big shot) made a phone call, people seeking the loan would easily get it."