Tag: Bank
Mallya Offers To Sell Assets To Repay Bank Loans
Fugitive tycoon Vijay Mallya has petitioned the Karnataka High Court to permit him and his holding firm UBHL to sell their assets under its supervision to repay creditors, including state-run banks, while saying a civil law matter of loan recovery had been made a criminal matter in his case.....
Over 99% Of Demonetised Notes Back With RBI
Over 99 per cent of the Rs 15.3 lakh crore taken out of circulation through demonetisation in November 2016 has returned to the Reserve Bank of India (RBI), the central bank announced on Wednesday.....
RBI Holds Repo Rate, But Changes Stance To 'calibrated Tightening'
Belying market expectations of a hike, the RBI on Friday held its key lending rate unchanged in the context of an uncertain global economic scenario but turned hawkish, moving to a "calibrated tightening" from the "neutral" stance it has maintained over its six previous policy reviews.....
PNB Fraud: ED Arrests Choksi's Hong Kong Firm Director
The Enforcement Directorate on Tuesday said that it has arrested from Kolkata a director of a shell company of fugitive diamentaire Mehul Choksi in the Rs 13,500 crore Punjab National Bank (PNB) fraud case.....
Shaktikanta Das Takes Over As RBI Governor
Former Economic Affairs Secretary Shaktikanta Das on Wednesday assumed charge as RBI Governor after Urjit Patel abruptly resigned from the post amidst a tiff with the government on the central bank's autonomy.....
ICICI-Videocon Case: ED Raids Kochhar, Dhoot Homes
The Enforcement Directorate (ED) on Friday carried simultaneous raids at the residences of former ICICI Bank CEO Chanda Kochhar and Videocon Group promoter Venugopal Dhoot in connection with an ongoing probe into alleged irregularities and corrupt practices in sanctioning of Rs 1,875 crore loan by the bank to the corporate group. ....
ED Questions Kochhars, Dhoot
The Enforcement Directorate (ED) on Saturday questioned former ICICI bank CEO Chanda Kochhar, her husband Deepak Kochhar and Videocon Group promoter Venugopal Dhoot in connection with an ongoing probe into alleged irregularities and corrupt practices in sanctioning a Rs 1,875 crore loan by the bank to the corporate group, the agency said.....
Vijaya-Dena-BoB Merger To Be Effective From Monday
The amalgamation of Vijaya Bank and Dena Bank into the Bank of Baroda (BoB) will come into effect April 1 and all branches of the former two will function as branches of BoB.....
CBI Books Delhi-based Co Over Rs 2,348-cr Bank Fraud
The Central Bureau of Investigation (CBI) on Saturday conducted searches at several locations in Delhi-NCR, Chandigarh, Kolkata and Orissa, at the offices of a New Delhi-based private company in a bank fraud case.....
Electoral Bonds Remain, Submit Details By May 30: SC
The Supreme Court on Friday in an interim order refused to stay the Electoral bonds scheme of the government and put up the matter for final disposal later.....
