Less than 2% outstanding loan recovered from Mallya so far
Public sector banks have been able to recover only â¹155 crore from Vijay Mallya, which is less than 2% of more than â¹8,000 crore outstanding loan against him. The â¹155 crore was recovered by the banks through auctioning the seized properties of Mallya. He is currently living in the UK, evading arrest in cases related to loan defaults in India.