A smartphone screen displays a live recording of Vijay Mallya, founder and chairman of Kingfisher Airlines Ltd., in London. Photographer: Luke MacGregor/Bloomberg

State-Run Bank Chiefs Can Now Stop Wilful Defaulters From Fleeing India

The heads of public-sector banks can now request look-out circulars to be issued against wilful defaulters from fleeing India, according to a senior government official.Empowering bank chiefs will ...

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