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Reconstruction Of Financial Assets

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Police move to close Rs 25K-cr MSC Bank scam case involving Ajit Pawar

The Economic Offences Wing of the Mumbai police on Friday sought to close a case related to an alleged Rs 25,000 crore scam at the Maharashtra State Cooperative Bank in which Maharashtra deputy......

MSP, hiking 50% quota, VVPAT, no Agnipath: Congress rolls out manifesto

Right to apprenticeship, legal guarantee for MSP, passing a constitutional amendment to raise the 50 per cent cap on reservations for SCs, STs and OBCs, a nation-wide caste census and scrapping of......

Trade bodies impose 12-hr bandh in Nagaland over 'illegal taxation'

Shops were closed and goods transport vehicles remained off the roads in a 12-hour shutdown called by trade bodies across Nagaland on Thursday over alleged illegal taxation by Naga political groups......

Raigad police quiz Edelweiss MD, officials for 8 hours

ECL Finance Company MD and three officials were on Tuesday quizzed for nearly eight hours by the Raigad police in Maharashtra probing the alleged suicide of film art director Nitin Desai, an......

PSBs clocked 11% growth in H1FY25

The Union Finance Ministry on Tuesday said that aggregate business of public sector banks (PSBs) has shown strong growth of 11 per cent in the first half of the financial year 2024-25 (H1FY25) to......

RBI imposes biz restrictions on Edelweiss

The Reserve Bank on Wednesday imposed business restrictions on Edelweiss Group's lending and asset reconstruction arms on concerns over evergreening of loans. Photograph: Eieleien/Wikimedia......

Sitharaman urges banks to boost deposits

Finance Minister Nirmala Sitharman on Monday held a performance review meeting with heads of public sector banks and asked them to make concerted efforts to garner deposits. Photograph: Shrikant......

Liquidation share in insolvency cases on the decline, shows IBBI data

From almost 60 per cent as of December 2019, the share of liquidations in the mode of closure of total Insolvency and Bankruptcy Code (IBC) cases came down to 44 per cent till September 2023, data......

RBI Flags Concern Over Illegal Accounts

'We found certain banks having lakhs of such accounts with apparently no valid reason.' Photograph: Francis Mascarenhas/Reuters   The Reserve Bank of India is alarmed that some banks have......

Loan Default: Nitin Desai Lost Control Of Studio

Photograph: Kind courtesy Nitin Chandrakant Desai/Instagram Noted art director Nitin Chandrakant Desai, who was found dead on Wednesday at his studio in Maharashtra's Raigad district, had......

Pune's MCA stadium 'taken over' by banks over non-payment of loan

MCA blamed its financial troubles on non-receipt of payments from the Board of Control for Cricket in India for the last 10 months. IMAGE: The Maharashtra Cricket Association's international......

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