Can’t call Vijay Mallya thief for one default, he paid taxes for 40 years: Nitin Gadkari

Union Minister Nitin Gadkari on Thursday suggested that it is unfair to tag a “one-time loan defaulter Vijay Mallyaji” as a “chor” (thief), adding that the embattled businessman has a four-decade-long track record of timely debt servicing. Mr Gadkari, however, clarified that he has no business dealing with Vijay Mallya, who faces extradition from the […]

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Policy terms can’t be changed during free look period

iStockPhoto What are the important riders that can be bought with a basic term life plan? —Kunal Gupta Common riders available with a term life plan include: accidental death, permanent disability, and critical illness. Critical illness rider with a term plan is recommended. This helps avoid a separate pre-issuance medical check-up for a critical illness […]

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Why banks can’t find buyers for stressed assets

Bankers blame the lack of support from the government and central vigilance agencies when it comes to taking hard decisions on valuation on stressed assets. Photo: Pradeep Gaur/Mint Debt recovery through sale of assets remains an exercise in futility for banks, when it comes to large accounts. The repeated failure of bankers to find bidders […]

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