Articles tagged under: Banking
June 22, 2018
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
June 19, 2018
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.
June 10, 2018
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
May 30, 2018
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
May 07, 2018
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
April 30, 2018
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
April 26, 2018
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
April 18, 2018
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
April 18, 2018
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
April 17, 2018
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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