Tag: Bank
Rs 98 Crore Demonetised Currency Seized In Kanpur
Around Rs 98 crore in demonetised notes has been found in a businessman's house that was raided in Uttar Pradesh's Kanpur, police said on Wednesday. ....
Equities Trade Flat After RBI Keeps Lending Rates Unchanged
Key Indian equity indices on Wednesday traded on a flat note during the afternoon session after the Reserve Bank of India (RBI) kept its key lending rate unchanged. ....
Rotomac Chief, Son Sent To Transit Remand, IT Seizes 12 Bank Accounts
A CBI court on Friday sent Rotomac owner Vikram Kothari and his son Rahul to one-day transit remand while the Income Tax department seized 12 bank accounts of the group and issued six prosecution against the businessman in connection with the Rs 3,695 crore loan default.....
Industry Has To Introspect On Doing Ethical Business: Jaitley
In light of the Rs 11,300 crore Punjab National Bank (PNB) scam allegedly involving diamantaire Nirav Modi, Union Finance Minister Arun Jaitley said on Saturday that the discourse needed to move on from ease of doing business to that of Indian industry's responsibility to become ethical in the way it does business.....
Rotomac Owner's Prosecution In Six Cases, Says I-T Department
The Income Tax Department on Monday said it has filed six cases for the prosecution of Rotomac owner Vikram Kothari in connection with the Rs 3,695 crore bank loan default case involving Bank of Baroda.....
Amarinder Flays CBI Case Against Son-in-law
Punjab Chief Minister Amarinder Singh on Monday flayed attempts to politicise the Oriental Bank of Commerce (OBC) case with unsubstantiated charges against his son-in-law.....
CBI Books Kolkata's RP Info Systems For Rs 515-crore Bank Fraud
The Central Bureau of Investigation (CBI) on Wednesday booked a city-based computer company RP Info Systems and its directors for allegedly defrauding a consortium of 10 banks of Rs 515.15 crore, an official said.....
CBI Lodges Case In Rs 4.12-crore Bank Fraud In Bengal
The CBI on Friday charged five directors of a West Bengal-based private company and eight State Bank of India (SBI) officials of criminal conspiracy in a case of bank fraud involving Rs 4.12 crore here.....
Passport Details Must For Loans Of Rs 50 Crore And Above
Following the multi-crore Punjab National Bank (PNB) fraud, public sector banks have been asked to obtain passport details of borrowers taking more than Rs 50 crore so that information is quickly available in case any loan-taker flees the country.....
Choksi To CBI: Completely Defenceless Due To Exaggerated Allegations
Diamond merchant Mehul Choksi, co-accused in the Rs 13,540 crore Punjab National Bank (PNB) fraud, has said that "exaggerated" allegations by multiple investigating agencies has left him "completely defenceless" and that he feared for his safety to return home.....
