Articles tagged under: Banking

Rahul Gandhi’s allegations pertaining to ADC Bank of Gujarat debunked

June 22, 2018
Rahul Gandhi’s allegations pertaining to ADC Bank of Gujarat debunked

New Delhi: Congress president Rahul Gandhi in his now well-known hit-and-run/spit-and-run style once again targeted BJP president Amit Shah with fancy claims that have been strongly debunked. Following is Rahul Gandhi's tweet based on report in his party's mouthpiece National Herald. Below that is Nabard statement followed by BJP IT cell head Amit Malviya's tweets. One of Malviya's tweets also mentions a link of OpIndia article which further throws light on how Rahul Gandhi's allegations are ...Read More

Gujarat based businessmen booked by CBI in bank loan default case

June 19, 2018
Gujarat based businessmen booked by CBI in bank loan default case

New Delhi: The Central Bureau of Investigation has on complaint of the Central Bank of India booked Gujarat-based Ardor International promoters Fenil B Shah and Bharat R Shah in Rs 82 crore bank loan fraud case. Shahs are accused of getting credit by showing inflated stock value, defaulting loans, diversion of fund and more. The company of Shahs which is mainly into detergent raw material supply has defaulted Rs 560 crore loans of eight banks. Read More

Rs 1.39 crore ATM fraud; CMS Info System files complaint against a staffer in Ahmedabad

June 10, 2018
Rs 1.39 crore ATM fraud; CMS Info System files complaint against a staffer in Ahmedabad

Ahmedabad: A staffer of CMS Info System Ltd which is into ATM money loading business, has filed a complaint in city's Kagdapith police station against company's custodian(cashier) regarding Rs 1.39 crore theft. Nilay Shah, staffer of CMS who lives in Idraprasth tower in city said company's staff members Rajesh Oza was out for audit of ATMs that are under team number 26. Vatva based Sonu Gupta and Isanpur based Purvish Chaudhary are part of team number 26. They too accompanied Rajesh Oza during ...Read More

Public sector bank operations hampered in Gujarat due to two-day nation-wide strike by UFBU

May 30, 2018
Public sector bank operations hampered in Gujarat due to two-day nation-wide strike by UFBU

Ahmedabad: Banking operations in around 10 thousand branches of public sector banks across Gujarat including its commercial capital Ahmedabad and the major cities of Rajkot, Surat, Vadodara, Jamnagar, Bhavnagar and Junagadh have halted due to the two day strike call by the United Forum of Banks Unions (UFBU) protesting a meager pay hike of only 2%. Employees of various banks including the SBI, BOI, Bank of Baroda, PNB, Central Bank of India etc took out rallies and protest marche...Read More

Zero per cent crop loan for farmers from all banks in Gujarat: Govt

May 07, 2018
Zero per cent crop loan for farmers from all banks in Gujarat: Govt

Gandhinagar: All banks will give loan without interest to farmers in Gujarat on time, said Registrar of Cooperatives in a statement. The statement further said, as per NABARD credit policy, all banks have to give crop loan to farmers at 7% interest rate. The farmers who return the crop loan timely get 3% waiver in interest from the Centre and 4% from the State government, which means they are availed crop loans at zero per cent interest rate. The state government had passed necessary ...Read More

DPIL Rs 2654 crores bank loan defraud case: Amit Bhatnagar sent in judicial custody

April 30, 2018
DPIL Rs 2654 crores bank loan defraud case: Amit Bhatnagar sent in judicial custody

Ahmedabad: After the completion of his extended remand, a special CBI court here today sent Managing Director of Vadodara based electric equipment manufacturing company Diamond Power Infrastructure Ltd (DPIL) Amit Bhatnagar to judicial custody (jail) in connection with Rs 2654 crore bank defraud case. Amit along with his father S N Bhatnagar, promoter of the company, and bother and Joint MD Sumit Bhatnagar were arrested from a hotel in Udaipur on April 17 and were produced i...Read More

Surat: Bank files cheating complaint against Mudra Yojana beneficiary for nil repayment of loan in two years

April 26, 2018
Surat: Bank files cheating complaint against Mudra Yojana beneficiary for nil repayment of loan in two years

Surat: A case of cheating has been filed against a woman for nonpayment of Rs 10 lakh loan under Pradhanmantri Rojgar Yojana. Pinki Agrawal, proprietor of Healthy Oven Bakers had taken Rs 10 lakh loan from Bank of Baroda's Udhna-Magdalla road branch under Pradhanmantri Rojgar Yojana in January - 2016. For last two years, she had failed to repay even a single installment. The bank had sent repeated reminders to her for repayment but there was no response. Finally, the bank official ...Read More

DPIL bank defraud case: CBI gets remand of accused trio till April 27

April 18, 2018
DPIL bank defraud case: CBI gets remand of accused trio till April 27

Ahmedabad: A special CBI court here today allowed 9 days remand (till April 27) of the three accused of Rs 2654 crores bank loan defraud case; promoter of Vadodara based electric equipment manufacturing company Diamond Power Infrastructure Ltd (DPIL) Suresh Bhatnagar and his two director sons Amit and Sumit Bhatnagar who were arrested from Udaipur last night. CBI produced them in the spl CBI court in Ahmedabad seeking 14 days remand for further interrogation and investigation in...Read More

DPIL bank defraud case: CBI to produce accused trio in spl court in Gujarat today

April 18, 2018
DPIL bank defraud case: CBI to produce accused trio in spl court in Gujarat today

Ahmedabad/Vadodara/Gandhinagar: CBI will produce the three accused of Rs 2654 crores bank loan defraud case; promoter of Vadodara based electric equipment manufacturing company Diamond Power Infrastructure Ltd (DPIL) Suresh Bhatnagar and his two director sons Amit and Sumit Bhatnagar in a special court in Ahmedabad seeking remand for further interrogation in the sensational case. The trio was brought to Gujarat late last night after their arrest from Paras Mahal hotel in Ud...Read More

Bank fraud case accused Bhatnagars arrested from Udaipur

April 17, 2018
Bank fraud case accused Bhatnagars arrested from Udaipur

Vadodara: Rs 2,654 crore bank fraud case accused, Vadodara based Suresh Bhatnagar and his sons Amit and Sumit Bhatnagar are arrested from Udaipur in neighboring state Rajasthan. Bhatnagars are owners of Diamond Power and Infrastructure Ltd(DPIL). It is learnt that they are arrested in a joint operation of Central Bureau of Investigation(CBI) and Anti Terrorist Squad(ATS) Gujarat. Bhatnagars are likely to be taken to Delhi for investigation. They could also be taken to Gandhinagar based CBI h...Read More

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