Recent Highlights
All Stories for Financial Irregularities
In 2020, muted credit growth, not bad loans, will be banks’ main concern; a lot will depend on early economic rebound
Dinesh Unnikrishnan123 • 5 years agoIn the first seven months of the current financial year, the credit growth to large industries contracted by 3.4 percent as against a growth of 0.2 percent in the year-ago period.
Relief for Gautam Thapar: NCLT terms Vaish report on CG Power as 'bogus', says it will rely on independent or govt agency report
• 5 years agoCG Power's board sacked Thapar after Vaish Associates' audit report, which itself is based on as many as 23 disclaimers, claimed that Thapar swindled Rs 3,000 crore from CG Power
Jet Airways crisis: Naresh Goyal, debt-laden airline come under SFIO investigation for fund diversion
Fp Staff • 5 years agoIn July this year, the government had ordered an investigation into the alleged mismanagement of funds at Jet Airways, which halted operations in April this year after running out of cash.
DHFL crisis deepens: Govt likely to order SFIO probe into mortgage firm's financial irregularties
• 5 years agoThe government is likely to order an SFIO probe on the financial irregularities at troubled mortgage firm DHFL soon, an official said
PMC Bank crisis: Economic Offences Wing files case against bank management, promoters of HDIL; SIT to probe case
Fp Staff • 5 years agoThe 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.
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 RBI
• 5 years agoIn 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.
PMC crisis: Politicising cooperative banking mess is opportunism; RBI has to own up to its mistake of waking up too late
Dinesh Unnikrishnan123 • 5 years agoThe PMC episode is only the symptom of a deeper malaise plaguing many other loosely regulated cooperative banks in the country.
What’s cooking in Indiabulls Group? Recurring allegations on quid-pro-quo between lenders, corporates expose loopholes in regulation
Dinesh Unnikrishnan123 • 5 years agoA 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
Jet Airways crisis: Govt orders SFIO probe into alleged mismanagement of funds, summons Naresh Goyal for questioning
• 6 years agoThe SFIO order refers to alleged siphoning of funds and unspecified financial irregularities at Jet Airways
Black money issue: Switzerland steps up process to share information on bank accounts; 11 Indians get notices in a day
• 6 years agoSwitzerland 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