Bank of India has classified Reliance Communications’ ₹700 crore loan as fraudulent, naming former director Anil Ambani and others over alleged fund diversion in 2016. Earlier, SBI made similar allegations. CBI has launched investigations, while Ambani denies wrongdoing
Union Bank of India is the largest creditor, with MTNL owing it over Rs 3,633 crore, followed by Indian Overseas Bank (Rs 2,374 crore) and Bank of India (Rs 1,077 crore)
The CBI registered a case against the convicted persons on allegations that they entered into a conspiracy to cheat the Saroornagar branch of Bank of India.
Siddipet: An ATM of the Bank of India, which reportedly started dispensing Rs.2,000 denomination notes even when the customer tried to withdraw Rs 1,000, led to a crowd queuing up outside the ATM in Siddipet town. As the news spread rapidly, many more kept turning up at the ATM and tried their luck. The bank […]
Central Bank of India, Indian Overseas Bank, Bank of Maharashtra and Bank of India are some of the names that may be considered for privatisation by the Core Group of Secretaries on Disinvestment.
The very purpose of nationalisation in India — serving the unbanked and under-banked — is yet to be achieved and financial inclusion cannot afford the luxury of complete privatisation
The panel was dealing with the writ plea filed by SMM Paper Marketing Pvt Ltd, which complained that the two notices issued by the bank were contrary to the procedures laid down by the court
