Advocate Rajiv Jain, the amicus curiae, called Supertech the “main culprit” in defrauding homebuyers whereas Corporation Bank advanced more than Rs 2,700 crore to builders through subvention schemes
For the banks that got merged, - account number, IFSC, MICR code, branch address, cheque-book, passbooks will also undergo a change to represent the new entity.
"We are extremely delighted to achieve complete integration of all branches and delivery channels of erstwhile Andhra Bank and Corporation Bank ," the bank's managing director and CEO Rajkiran Rai G said in the release.
Hyderabad: Net banking services of erstwhile Andhra Bank took a hit following its integration into Union Bank of India (UBI) system. The customers of the bank could not also use UPI-based payment apps like the GPay and others. The problem began on January 8. Many customers said there was an interruption of net banking services. […]
It was alleged that the accused in connivance with unknown public servants and others defrauded the consortium of PSBs, consisting of SBI, IDBI, Canara Bank, Andhra Bank, Corporation Bank, Exim Bank, Punjab and Sind Bank and Union Bank of India and caused a loss of Rs 4,837 crore.
