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TELANGANA LOAN FRAUD
Supreme Court issues notice to Centre, others on plea for probe into multi-crore rupees insolvency fraudA bench comprising Chief Justice Surya Kant and Justice Joymalya Bagchi took note of the submissions of lawyer Ashwini Upadhyay and issued ...- Are gold loans a safe bet or just a trap for borrowers in India?Gold loans, while seemingly secure due to high value and tangible security, demand robust operational processes and employee integrity. A r...
- Rs 30 crore assets restituted to SBI in Telangana loan 'fraud' case: EDThe Enforcement Directorate has returned assets worth over Rs 30 crore to the State Bank of India in a money laundering case involving Shee...
- ED conducts search operations at 6 locations in Andhra Pradesh, TelanganaThe accused persons thus acted as loan aggregators and ultimately used the loan amounts for their gains, including investment in their busi...
- Supreme Court verdict on fraud loans may remove hurdles for lendersBankers and lawyers said that though the process to declare a fraudulent account may get elongated after the Supreme Court verdict, a detai...
- Lender bound to give opportunity for hearing to borrower before classifying account as fraudulent: SCRejecting the stand of both RBI and the consortium of lenders led by SBI, a Bench led by the Chief Justice said that a decision classifying...
- Borrowers must be accorded hearing before declaration of bank account as fraud: SCThe Supreme Court on Monday said a borrower must be accorded a hearing before an account is classified as "fraud" and a reasoned order must...
- Lenders seek buyers for bankrupt Golden Jubilee Hotel's Rs 652 crore debtThe Hyderabad NCLT had approved a Rs 584 crore offer from Blackstone in February 2020, but the plan was not implemented due to land-related...
- Golden Jubilee Hotel lenders seek debt buyersLenders have set a reserve price of ₹400 crore, implying a recovery of 61% on principal dues. Banks led by the Bank of Baroda have invited ...
- Bank fraud: ED attaches Rs 90-crore assets of road construction companyAccording to ED, the group had been struggling financially for a number of years. After winning the Ranchi-Jamshedpur Project tender, the M...
- Bank loan fraud: Enforcement Directorate attaches Rs 100-crore worth assetsSatyanarayana and his family members are accused of "fraudulently availing KCC (Kisan Credit Card Scheme) fish tank loans in the names of 1...
- RBI slaps Rs 10.5 lakh penalty on Shri Kanyaka Nagari Sahakari Bank, ChandrapurFurther, the bank delayed the reporting of frauds on many occasions, and also granted director-related loans in contravention of/ non-compl...
- Instant loan app fraud cases under ED scannerOfficial sources said the Enforcement Directorate (ED) has "enlarged" its investigation to probe these FIRs and complaints filed by the two...
- Loan apps pushing people into debt traps, suicidesThe tap-and-get-a-loan “solution” is pushing a large number of people into a trap far deeper than the financial condition they are in.
- Ghost fish and Rs 539 crore IDBI scam: 42 in CBI dragnetCBI booked the accused for criminal conspiracy, cheating, forgery, criminal misconduct and misappropriation, criminal breach of trust by a ...
- Bank unions to organise dharna in Delhi on March 21The demands include taking tough action against loan defaulters and stopping alleged harassment of bank staff following the recent PNB scam.
- Bank union seeks investigation into top 100 NPA accountsThe non-performing assets (NPAs) of the public sector banks have increased to about Rs 8 lakh crore, of which 89 per cent pertains to corpo...
- Why crop insurance schemes fail poor farmers when they are needed the mostCrop insurance schemes for poor farmers are linked to loan repayments and premium payments. This is what makes it impractical during times ...
- After Raghuram Rajan, PSU banks' heads now question farm debt waiversLast month, the RBI Governor had said that debt waiver schemes have constrained flow of credit to farmers.
- RBI governor Raghuram Rajan questions farm debt waiver schemesTalking about subsidies for farm sector, Rajan said that it will be useful to see whether these subsidies have actually helped agriculture ...
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