Kerala police suspect a loan scam of nearly Rs 100 crore at the Karuvannur service co-operative bank- a service co-operative bank that is run by elected members of the left front. The incident came to light after a complaint was filed with the police on July 14, which informed about multiple loans were provided on … Read more
In a fresh development to the Raj Kundra controversy, it has come to the fore that the Mumbai Police has so far frozen about Rs 7.31 crore in bank accounts of different people related to the case. The details of this amount are as follows– Rs 34 lakh 90 thousand in the account of HOT … Read more
Image Source : AP Registered nurse La Tanya Forbes, right, is inoculated with the Pfizer-BioNTech COVID-19 vaccine by RN Cheryl Birmingham In its largest-ever crisis response, the World Bank has deployed over USD 157 billion to fight the impact of the COVID-19 pandemic on health, economic and social fronts over the last 15 months. This … Read more
The accused has been identified as Supti Mukherjee The accused has been identified as Supti Mukherjee who was working as the Bidhannagar branch head of a private bank. A bank official has been arrested in West Bengal’s Kolkata for allegedly duping a couple into investing more than Rs 1 crore, police said. The accused has … Read more
Six people have been arrested for allegedly looting Rs 6.82 lakh cash from the Repura branch of the State Bank of India (SBI) in Bihar’s Muzaffarpur last week. Police have recovered pistols, cartridges, magazines, ganja and Rs 61,000 from them. On July 8, around 11.20 am, the armed robbers came on three motorcycles to the … Read more
MUMBAI: The Reserve Bank of India (RBI) has asked banks to ensure that employees working in sensitive positions are asked to go on a surprise leave of at least 10 days every year. This follows a revision to the central bank’s risk management guidelines. Earlier, employees in sensitive positions were required to go on mandatory … Read more
MUMBAI: The Reserve Bank of India (RBI) on Friday approved the reappointment of Shyam Srinivasan as the MD & CEO of Federal Bank for three years with effect from September 23 this year till September 22, 2024. Srinivasan has been in charge of the Kerala-based bank since September 23, 2010 and has completed three terms … Read more
NEW DELHI: LIC‘s holding in IDBI Bank would be sold along with the government’s stake in the lender’s disinvestment, but the exact quantum of stake dilution is yet to be decided, the Department of Investment and Public Asset Management (Dipam) has said. The central government and LIC together own more than 94 per cent equity … Read more
Criminals in Brazil were stealing iPhone handsets not to resell them but to access people’s bank account details and then steal their money, according to a report published last month. These criminals were no ordinary elements. They could steal money from people’s accounts within hours of robbing them of their iPhone devices. Such cases had … Read more
The ED on Monday said it has arrested Kewal Krishan Kumar, chairman and managing director (CMD) of Delhi-based Shakti Bhog Foods Limited, in a money laundering case linked to an alleged multi-crore bank loan fraud. Kumar was arrested on Sunday here and later produced before a special Prevention of Money Laundering Act (PMLA) court that … Read more