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BANK LOAN DIVERSION CASE
Court rejects CBI's plea seeking amendment of charges against DHFL's ex-CMD, othersA Delhi court has refused to change charges against Kapil Wadhawan, Dheeraj Wadhawan, and Ajay Nawandar. They are accused of defrauding a c...
Man dies by suicide in Latur; case registered against employees of 4 finance firmsDattatraya Suryakant Kumbhar, a farm labourer, was found hanging at his home in Rani Ankulga village. His suicide is linked to alleged hara...
RBI tightens cyber checks on lenders after spate of hacksIndia's banks are facing increased scrutiny from the Reserve Bank of India regarding rising cyberattacks and AI risks. Recent incidents inc...
Rs 210-crore bank fraud case: CBI books Chandra Proteco and its directorsThe CBI has registered an FIR against Chandra Proteco Limited and its directors over an alleged bank fraud of Rs 210.13 crore involving fiv...
West Asia conflict drives 15-20% rise in corporate working-capital demand at banksWorking-capital demand from banks has increased significantly due to the ongoing conflict in West Asia. Higher raw-material costs and elong...
Flipkart, Exim Bank lead $8.13 billion external borrowing proposals in AugustIndian companies have sought to raise a total of $8.13 billion in external commercial borrowings. This amount represents a 6% increase from...
Companies with high credit ratings shifting to bond market as bank loans become dearerIn the current economic climate, AAA-rated corporations are opting to secure financing via the bond market, finding it more cost-effective ...
Farm labourer commits suicide in Latur; cites unpaid loans in noteA 28-year-old farm labourer from Latur district, reportedly died by suicide. He was found hanging at his home in Ankulga Rani village after...
These 7 private and public banking stocks have an upside of up to 27% in one year, according to analystsIf interest rates stay high, and there are signs of a slowdown, banks that depend on retail deposits are the ones to watch carefully. That ...
'Talked to RBI, forcible recovery from farmers should be stopped': Maharashtra CMMaharashtra Chief Minister Devendra Fadnavis announced efforts to halt forceful loan recoveries by microfinance companies affecting farmers...
PSU vs private banks: The real story behind the Q2 divergencePublic sector banks are experiencing stronger net interest margin growth compared to their private counterparts this quarter. Despite facin...
Homebuyer stops paying EMIs on Rs 39.92 lakh home loan after builder sells his flat to another buyer; Karnataka HC quashes bank’s criminal caseThe Karnataka High Court has dismissed the criminal charges against homebuyer Mr. Bari, who stopped repaying his loan EMIs after learning t...
Trump administration student debt collection: Five ways borrowers can protect their paychecks from federal garnishmentMillions of Americans struggling with student loan debt may soon face renewed collection efforts from federal agencies. The Education Depar...
AI cuts some Deutsche Bank corporate loan decisions to minutesDeutsche Bank is revolutionizing corporate lending by harnessing AI technology to expedite decision-making processes. This innovation is se...
Banks seek relief from sustainable lending norms for FCNR(B) loansBanks have approached the International Financial Services Centres Authority regarding sustainable lending targets for international bankin...
CBI books IL&FS Energy, executives in alleged Rs 212 crore Canara Bank loan fraud caseThe Central Bureau of Investigation has registered a case against IL&FS Energy Development Company and its executives over loan fraud. This...
IDFC First Bank Q2 profit nearly triples to Rs 1,045 croreIDFC First Bank’s Q2 net profit tripled to Rs 1,045 crore, supported by strong loan and fee growth. Net interest income rose 21%, while net...
A Rs. 48 crore profit on paper, a Rs. 231 loss in reality: How a debt ‘turnaround’ can be an accounting illusionA company struggling with losses suddenly reports a profit. Its financial position appears to improve, raising hopes of a turnaround. But w...
NHB appoints forensic auditor for SRG Housing FinanceThe National Housing Bank (NHB) has appointed ASA & Associates LLP to conduct a forensic audit of SRG Housing Finance amid allegations of f...
Bank of Baroda festive campaign: Bank launches offers on home, car and other loans; debit cards and savings accounts for womenBank of Baroda has initiated a festive campaign providing various retail and MSME loan options for customers. The campaign includes home lo...