While erring bankers must be brought to book, a witch-hunt is no cure. Because bankers will , fearing investigation, go slow on lending to genuine borrowers, moves that will apply the brakes on the economic recovery
IDBI Bank and Vijaya Bank on Tuesday said they have exposures to Pune-based real estate developer D S Kulkarni, which is facing multi-agency probe for illegal fund diversions, but the loans were sanctioned in compliance with the RBI norms
DSK Group fraud case: Court reserves order on Bank of Maharashtra MD & CEO Ravindra Mhatre's bail plea
Marathe and other top officials of Bank of Maharashtra were arrested last week in connection with a cheating case lodged against Pune-based builder D S Kulkarni, popularly known as DSK, and his wife Hemanti.
Stating that the Bank of Maharashtra (BoM) incident should not be taken as bankers are being hounded, the finance ministry official said the state police action is not fair as well
Bank of Maharashtra-DSK loan row: Anguished bank union rallies behind management; seeks government help
In an unprecedented move, the national bankers lobby, Indian Banks Association, on Friday unanimously rallied behind the arrested brass of the embattled Bank of Maharashtra saying the entire banking fraternity is "anguished" over the development
At the annual general meeting on Thursday, the shareholders reposed their faith and confidence in the bank and its leadership team.
Bank of Maharashtra shares continue to fall for second straight session; crack over 7% hits 52-week low
Shares of Bank of Maharashtra continued to fall for the second straight session on Thursday, dropping over 7 percent to hit a 52-week low, following the arrest of its serving and a former CMD in a cheating case