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Probe Agency Raids Mumbai-Based Group In Rs 975 Crore Bank Loan Fraud Case
Luxury cars like Mercedes Benz and Lexus, and watch brands like Rolex and Hublot apart from more than 140 bank accounts and lockers were seized after the ED raided a Mumbai-based business group in an alleged Rs 975 crore bank loan fraud case.
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Rs 37 Crore Deposits, Cash Seized In Raids Against Mumbai-Based Ponzi Company
Bank and demat account deposits apart from cash worth about Rs 37 crore has been seized by the Enforcement Directorate (ED) as part of a money laundering probe against a Mumbai-based financial consultant and his company.
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RBI Supercedes Board Of Abhyudaya Cooperative Bank For One Year Over Poor Governance
Satya Prakash Pathak, former Chief General Manager of State Bank of India, is the 'Administrator' to manage the affairs of the Mumbai-based bank during the one-year period, the Reserve Bank of India (RBI) said.
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RBI Cancels License Of Mumbai-Based 'The Kapol Co-Operative Bank'
The RBI on Monday said it has cancelled the license of Mumbai-based The Kapol Co-operative Bank Limited as the lender does not have adequate capital and earning prospects.
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CBI Files Case Against Infra Firm In Rs 3,847 Crore Bank Fraud Case
The Central Bureau of Investigation (CBI) has booked Mumbai-based Unity Infraprojects Ltd, its then CMD Kishore Krishnarao Avarsekar and others for allegedly defrauding a consortium of banks to the tune of Rs 3,847.58 crore, officials said on Monday.
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CBI Registers 2 Cases Against Mumbai Firm In Rs 1,440 Crore Bank Fraud
The Central Bureau of Investigation (CBI) on Monday registered a case against a Mumbai-based private company over the allegations of causing a loss worth about Rs 1,438.45 crore to the State Bank of India and four other consortium member banks.
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Court Orders Seizure Of Rs 300 Crore In Singaporean Banks In Ponzi Fraud Case
A special PMLA Court in Mumbai has ordered confiscation of Rs 300 crore kept in Singaporean banks in a money laundering probe linked to an alleged Ponzi fraud perpetrated against nearly 70,000 depositors by the promoter of a Mumbai-based company.
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Case Against Mumbai-Based Firm For Cheating Bank Of Over Rs 63 Crore
The CBI has booked Mumbai-based Topworth Steels and Power Ltd and its directors for allegedly cheating IDBI Bank of approximately Rs 63.10 crore from 2014 to 2016, officials said on Monday.
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Yes Bank Fraud: Probe Agency Files Chargesheet Against Mumbai Realty Firm Owners
The Enforcement Directorate (ED) has filed a chargesheet in connection with its money laundering probe against Mumbai-based realty group Omkar Realtors and Developers linked to alleged illegal diversion of Yes Bank loan funds worth over Rs 400 crore.
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Lakshmi Vilas Bank Gets Non-Binding Offer From Clix Group
The bank was first approached by lender Clix Capital, a part of the Clix Group and majority owned by Mumbai-based private equity firm AION Capital Partners, with a letter of intent in June.
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India Gold Discounts Hit 5-Month High As Easing Price Fails To Push Demand
A Mumbai-based dealer with a bullion importing bank attributed the higher discounts to rising scrap supplies amid low demand.
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Insider Sashidhar Jagdishan To Take Reins At India's Most Valuable Lender HDFC Bank
Currently the head of finance and "strategic change agent" at the Mumbai-based bank, Mr Jagdishan will start his new role from October 27, the lender said.
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Case Against Two Mumbai Firms In Alleged Rs 57 Crore Bank Fraud
The Central Bureau of Investigation (CBI) has registered a case against two Mumbai-based private companies, their promoters, unknown public servants and bank officials for allegedly cheating the Bank of India of approximately Rs 57.26 crore.
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Templeton Apologises To Market Regulator Sebi, Says CEO Was Misquoted
US-based Franklin Templeton on Friday issued an apology to capital market regulator Securities and Exchange Board of India (Sebi) for any misunderstanding over the closure of six of its schemes in the country, and said it is committed to returning the investors' money. "We deeply regret any unintended slight this may have caused to the esteemed off...
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Online Glitch At HDFC Bank Hits Business For Third Day
An unknown number of the Mumbai-based lender's 49 million customers have been locked out of its online banking platform for the past three days.
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Probe Agency Raids Mumbai-Based Group In Rs 975 Crore Bank Loan Fraud Case
Luxury cars like Mercedes Benz and Lexus, and watch brands like Rolex and Hublot apart from more than 140 bank accounts and lockers were seized after the ED raided a Mumbai-based business group in an alleged Rs 975 crore bank loan fraud case.
-
Rs 37 Crore Deposits, Cash Seized In Raids Against Mumbai-Based Ponzi Company
Bank and demat account deposits apart from cash worth about Rs 37 crore has been seized by the Enforcement Directorate (ED) as part of a money laundering probe against a Mumbai-based financial consultant and his company.
-
RBI Supercedes Board Of Abhyudaya Cooperative Bank For One Year Over Poor Governance
Satya Prakash Pathak, former Chief General Manager of State Bank of India, is the 'Administrator' to manage the affairs of the Mumbai-based bank during the one-year period, the Reserve Bank of India (RBI) said.
-
RBI Cancels License Of Mumbai-Based 'The Kapol Co-Operative Bank'
The RBI on Monday said it has cancelled the license of Mumbai-based The Kapol Co-operative Bank Limited as the lender does not have adequate capital and earning prospects.
-
CBI Files Case Against Infra Firm In Rs 3,847 Crore Bank Fraud Case
The Central Bureau of Investigation (CBI) has booked Mumbai-based Unity Infraprojects Ltd, its then CMD Kishore Krishnarao Avarsekar and others for allegedly defrauding a consortium of banks to the tune of Rs 3,847.58 crore, officials said on Monday.
-
CBI Registers 2 Cases Against Mumbai Firm In Rs 1,440 Crore Bank Fraud
The Central Bureau of Investigation (CBI) on Monday registered a case against a Mumbai-based private company over the allegations of causing a loss worth about Rs 1,438.45 crore to the State Bank of India and four other consortium member banks.
-
Court Orders Seizure Of Rs 300 Crore In Singaporean Banks In Ponzi Fraud Case
A special PMLA Court in Mumbai has ordered confiscation of Rs 300 crore kept in Singaporean banks in a money laundering probe linked to an alleged Ponzi fraud perpetrated against nearly 70,000 depositors by the promoter of a Mumbai-based company.
-
Case Against Mumbai-Based Firm For Cheating Bank Of Over Rs 63 Crore
The CBI has booked Mumbai-based Topworth Steels and Power Ltd and its directors for allegedly cheating IDBI Bank of approximately Rs 63.10 crore from 2014 to 2016, officials said on Monday.
-
Yes Bank Fraud: Probe Agency Files Chargesheet Against Mumbai Realty Firm Owners
The Enforcement Directorate (ED) has filed a chargesheet in connection with its money laundering probe against Mumbai-based realty group Omkar Realtors and Developers linked to alleged illegal diversion of Yes Bank loan funds worth over Rs 400 crore.
-
Lakshmi Vilas Bank Gets Non-Binding Offer From Clix Group
The bank was first approached by lender Clix Capital, a part of the Clix Group and majority owned by Mumbai-based private equity firm AION Capital Partners, with a letter of intent in June.
-
India Gold Discounts Hit 5-Month High As Easing Price Fails To Push Demand
A Mumbai-based dealer with a bullion importing bank attributed the higher discounts to rising scrap supplies amid low demand.
-
Insider Sashidhar Jagdishan To Take Reins At India's Most Valuable Lender HDFC Bank
Currently the head of finance and "strategic change agent" at the Mumbai-based bank, Mr Jagdishan will start his new role from October 27, the lender said.
-
Case Against Two Mumbai Firms In Alleged Rs 57 Crore Bank Fraud
The Central Bureau of Investigation (CBI) has registered a case against two Mumbai-based private companies, their promoters, unknown public servants and bank officials for allegedly cheating the Bank of India of approximately Rs 57.26 crore.
-
Templeton Apologises To Market Regulator Sebi, Says CEO Was Misquoted
US-based Franklin Templeton on Friday issued an apology to capital market regulator Securities and Exchange Board of India (Sebi) for any misunderstanding over the closure of six of its schemes in the country, and said it is committed to returning the investors' money. "We deeply regret any unintended slight this may have caused to the esteemed off...
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Online Glitch At HDFC Bank Hits Business For Third Day
An unknown number of the Mumbai-based lender's 49 million customers have been locked out of its online banking platform for the past three days.
