Aug 20, 2014 at 17:50 | Source: PTI
"A forensic audit has already been ordered," Financial Services secretary GS Sandhu told reporters here today, when asked about the alleged scam, adding some suspensions have been initiated by the authorities in this regard.
Aug 20, 2014 at 12:16 | Source: Moneycontrol.com
According to the report, a branch manager of Dena Bank mobilised (using middlemen) fixed deposits (FDs) to the tune of Rs 256.49 crore from seven corporates while in case of OBC, misappropriation of funds to the tune of Rs 180 crore was reported (which was deposited by an organisation as fixed deposit).
Aug 20, 2014 at 11:00 | Source: Moneycontrol.com
The news comes amid the backdrop of a slew of stories involving an unholy nexus between public sector banks and corrupt businessman.
Aug 19, 2014 at 12:12 | Source: CNBC-TV18
United Bank is part of the consortium of lenders to Bhushan Steel but is not a part of any additional lending to the company, said Deepak Narang, ED, United Bank of India.
Aug 14, 2014 at 19:41 | Source: PTI
The CBI had recently written to the Finance Ministry alleging "irregularities" in appointments of chiefs of PSU banks, following which Jaitley called for a closer scrutiny of recent appointments.
Aug 13, 2014 at 12:00 | Source: Moneycontrol.com
Among midcaps, Engineers India dropped 12.16 percent (post Q1 earnings) followed by Syndicate Bank, Indian Overseas Bank, Den Networks and Unitech with 7-8 percent. However, Birla Corporation, Eicher Motors, Natco Pharma, JK Cement and Blue Dart gained 4-9 percent.
Aug 12, 2014 at 18:52 | Source: PTI
Jain and Singal were produced before Special CBI Judge Swarana Kanta Sharma who turned down the plea of the probe agency seeking further police remand of Singal.
Aug 11, 2014 at 13:19 | Source: CNBC-TV18
Krishna Kumar Karwa, MD at Emkay Global Financial Services has an optimistic view on the midcaps space.
Aug 10, 2014 at 22:11 | Source: PTI
Finance Minister Arun Jaitley today said government is open to putting in place stringent steps to check repeat of criminal cases like the alleged Syndicate Bank bribery scandal.
Aug 10, 2014 at 09:50 | Source: PTI
The case of alleged bribery of Syndicate Bank Chairman-cum-Managing Director S K Jain may come up for discussion in the meeting of Special Investigation Team on black money, as it is a "classic" case of how proceeds of corruption were transferred through hawala channels.