The penalty follows references from a government department and a private party alleging non-payment of invoked bank guarantees by the lender, the Reserve Bank said in a statement. Read More
reported by at Moneycontrol.com
IndusInd Bank in October last year decided to acquire the country’s leading micro-finance player BFIL, which was previously known as SKS Microfinance. Read More
reported by at Moneycontrol.com
The debt crisis at the infrastructure lender came to light following a series of defaults by its group companies beginning September, 2018. Read More
reported by Press Trust of India at Hindustantimes.com
Two former top executives of IL&FS have been arrested by the Enforcement Directorate in connection with its money laundering probe in the crisis-hit lending firm’s alleged financial irregularities case. Read More
reported by at Ndtv.com
The bank suffered losses allegedly after jewellers Nirav Modi, Mehul Choksi and some bank employees collided to defraud PNB of about Rs 1,000 crore. The scam was unearthed in February 2018. Read More
reported by at Moneycontrol.com
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