E-PaperLoan Scam News
How to break the banker-promoter nexus
A public trial of bankers will erode both confidence of the bankers as well as people's trust in the banking system, something which India can ill afford when growth is returning to the economy
8 min read5 Mar 2018CBI arrests telecom firm promoter Sunil Kakkad in Rs126 crore bank loan scam
Sunil Kakkad, promoter of Click Telecom, was arrested by CBI for allegedly cheating a consortium of SBI, Canara Bank and Vijaya Bank to the tune of Rs126 crore
1 min read12 May 2017Syndicate Bank writes off Rs883 crore against fraud
Owing to the write off, the bank posts a loss of Rs2,158.17 crore for the fourth quarter compared with a net profit of Rs417 crore in the year-ago period
3 min read18 May 2016Govt flags concerns over evergreening of loans
Bad loans and violations of lending practices, like the bribe-for-loans scam involving Syndicate Bank chairman S.K. Jain, have prompted the finance ministry and RBI to take such measures
3 min read15 Sep 2014EY begins forensic audit at Uco Bank
As news of the forensic audit spread, Uco Bank's shares fell Rs8.10 or 8.24% on BSE to Rs90.25 each
2 min read28 Aug 2014Risk management courses may be made mandatory for senior PSU bank officials
The announcement by financial services secretary GS Sandhu comes in light of the loan scams exposed recently
2 min read21 Aug 2014EPFO likely to resume investment in LIC Housing Finance
EPFO likely to resume investment in LIC Housing Finance
2 min read6 Feb 2011Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared