Bank Fraud

[Sushubh]

Karnataka Bank declares loan over Rs 160 crore to Reliance Home Finance, Reliance Commercial Finance as fraud

The lender said it has been dealing with Reliance Home Finance since 2015 and with Reliance Commercial Finance since 2014.

www.financialexpress.com

 

[Sushubh]

Link doesn't load for me that's why tweet.


Source

 

[Navjot Singh]

They have deleted the article. Wtf lol, Govt ko acha ni Laga. Aww.

 

[Sushubh]

Thread by @maheshperi on Thread Reader App

@maheshperi: Hmm. So, the IT department has filed a case against one of the most dubious Gujarati Business family - Sandesaras. It is just that it came a bit too late after they were allowed to...

threadreaderapp.com

 

[Sushubh]

ABG Shipyard, Directors Allegedly Cheated 28 Banks Of Rs 22,842 Crore: CBI

The Central Bureau of Investigation today filed a case against ABG Shipyard and its Directors Rishi Agarwal, Santhanam Muthuswamy, and Ashwini Kumar for allegedly defrauding 28 banks of Rs 22,842 crore.

www.ndtv.com

 

[socrates]

Banking Fraud: India loses Rs 100 crore to banking fraud every day | India Business News - The Times of India

India Business News: Maharashtra, which houses the country’s financial capital, topped the table, accounting for 50% of the money involved, followed by Delhi, Telangana, G

m.timesofindia.com

 

[Tejas01]

This could be our golden goose to make India a USD 5 trillion economy. Stop this corruption and hold those involved accountable.

 

[Navjot Singh]

https://www.financialexpress.com/industry/banking-finance/public-sector-bank-top-brass-to-get-extra-cover-for-bonafide-decisions/2541709/

The government is considering a proposal to grant greater protection to senior executives of state-run banks, akin to the immunity enjoyed by government servants, to shield them from easy arrests and harassment for “honest business errors” and encourage them to lend without fear, official and banking sources told FE.

 

[Sushubh]

CBI books Mehul Choksi in ₹55 crore bank fraud

CBI officials said the Canara Bank and the Bank of Maharashtra had under a consortium arrangement, sanctioned working capital limits of ₹30 crore and ₹25 crore, respectively.

www.hindustantimes.com

 

[Sushubh]

State Bank of India Writes Off Rs1.45 Lakh Crore Bad Loans of Big Defaulters since FY14; Refuses To Share Names

State Bank of India (SBI) has again refused to share the names of borrowers who owe Rs100 crore or more, even to its shareholder. Over the past nine years, from FY14 till FY22, SBI has written off bad loans of over Rs145,248 crore of big defaulters while recovering just over 13% from these big...

www.moneylife.in