NEW DELHI: The CBI has hired a Managing Director of Unitech Sanjay Chandra, his father Ramesh and his brother Ajay for alleged bank fraud of Rs 198 crore in Canara bankauthorities said Sunday. The CBI, after registering the new case against Chandra, conducted searches at various locations at the defendant’s …
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India’s banking regulator seems to have tuned in once again to “the changing times” of American singer Bob Dylan. In the span of a week, the Reserve Bank of India (RBI) has not only allowed a foreign bank to buy a private sector bank and thus gain more presence in …
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The government is leaning towards the view that a bank’s exit from the public sector should be total when it is privatized. However, to make the sale attractive, the government wants the Reserve Bank of India (RBI) to relax the rules on ownership in private sector banks. A senior government …
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Following a push from the Ministry of Finance, Indian public sector lenders, led by the State Bank of India, are preparing the list of all defaulters who had given their personal guarantees while taking loans and defaulted, resulting in bankruptcy proceedings. According to the council, the personal guarantees of all …
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