Latest News on Financial Irregularities
Showing of 0 - 10 from 17 results
Financial Irregularities - Total results - 17
Oct 01, 2019
PMC Bank crisis: Economic Offences Wing files case against bank management, promoters of HDIL; SIT to probe caseThe bank, which has 137 branches and over Rs 11,000 crore in deposits, has been put under restrictions since last week after the RBI discovered certain financial irregularities in the functioning of the multi-state lender.
Sep 29, 2019
PMC Bank's actual exposure to HDIL at over Rs 6,500 cr or 73% of total loan book, says suspended MD Thomas in letter to RBIIn the confession letter, Thomas also put the actual NPA number at 60-70 percent as against a reported net NPA of 2.19 percent as of 31 March 2019, the source said.
Sep 26, 2019
PMC crisis: Politicising cooperative banking mess is opportunism; RBI has to own up to its mistake of waking up too lateThe PMC episode is only the symptom of a deeper malaise plaguing many other loosely regulated cooperative banks in the country.
Sep 10, 2019
What’s cooking in Indiabulls Group? Recurring allegations on quid-pro-quo between lenders, corporates expose loopholes in regulationA PIL has been filed in the Delhi High Court that alleges that Indiabulls promoters have been roundtripping funds lent to various companies back to their pockets violating rules
Jul 05, 2019
Jet Airways crisis: Govt orders SFIO probe into alleged mismanagement of funds, summons Naresh Goyal for questioningThe SFIO order refers to alleged siphoning of funds and unspecified financial irregularities at Jet Airways
May 27, 2019
Black money issue: Switzerland steps up process to share information on bank accounts; 11 Indians get notices in a daySwitzerland was widely known as an alleged safe haven for black money before it bowed down before the global pressure and agreed to bring down the famed secrecy walls
Apr 29, 2019
Tamil Film Producers Council appoints special officer following accusations of mismanagement against president VishalN Sekar has been nominated to manage council affairs till TFPC does not manage to resolve the matter.
Mar 11, 2019
Chandamama magazine narrated virtues of good deeds, but owners in dock for funds parked in Swiss banksMumbai-based Geodesic Ltd acquired the iconic magazine Chandamama in 2007
Dec 05, 2018
Vijay Mallya offers to repay Kingfisher loan: The liquor baron should stop 'Twitter banking' and face law of the landVijay Mallya knows that his options are limited now.
Jul 02, 2018
Govt to soon come out with definition for shell companies, says union minister P P ChaudharyGenerally, shell companies exist only on paper and are often used by fraudsters for carrying out their illegal activities