August 26, 2020 11:18 am
According to the RBI, a major chunk of the frauds were reported on the advances front with 4,610 cases for Rs 1,82,051 crore, which works to around 98 per cent of the total value of frauds.
December 29, 2019 7:54 am
Notices will carry registration number, agency won’t take up suo motu cases.
April 27, 2019 8:17 am
The loan was disbursed to father-son duo Manoharlal and Amit by Bank of India’s Mandvi branch between 2000 and 2003 for business purposes and daily running of their partnership firm, Swift Service Lining.
November 07, 2018 7:20 am
CVC report analyses 100 major frauds on public sector banks, committed by borrowers from 13 sectors. Among them, an aviation firm that got loans based on its brand name in spite of a poor credit rating; and jewellers who allegedly inflated value of diamonds and submitted fake details on debtors.
September 24, 2018 6:55 am
It is in the Sterling Biotech case that the CBI has told the Central Vigilance Commission that it is probing its Special Director, Rakesh Asthana.
August 27, 2018 12:52 am
Earlier, Chief Judicial Magistrate, Kapurthala, while taking serious note of the case, wrote to SSP, Kapurthala to produce the five accused —three AGMs and the SBI manager and the CA, who had failed to appear before the CJM court, Kapurthala thrice.
August 08, 2018 1:53 am
The highest incidence of frauds involving Rs 1 lakh or more was observed at SBI, the country's largest bank.
July 01, 2018 5:41 pm
Referring to white-collar crimes, President Kovind also said that with such episodes, vulnerable citizens such as poor and the middle class or the retired could lose their savings.
June 26, 2018 6:23 pm
The banking sector is grappling with rising NPAs, which touched Rs 8.99 lakh crore or 10.11 per cent of total advances at December-end 2017. Of the total gross NPAs, public sector banks accounted for Rs 7.77 lakh crore.
April 05, 2018 2:10 am
The HDFC MD said, "The faith of the common Indian in the Indian banking system is so great that despite all these things we have not heard of a single person saying I will take the money out of the system. I think that is a very positive aspect."