Indian banks see a 40% hike in wilful defaults in two years
Lenders' books showed wilful default accounts of $41.3 billion in December 2022
Source: qz.com
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Top 50 Wilful Defaulters Owe Rs 92,570 Crore To Banks, Mehul Choksi Tops List
The gross non-performing assets (NPAs) of state-owned banks had dropped by over Rs 3 lakh crore after peaking at Rs 8.9 lakh crore.
Source: ndtv.com
CBI Books Rotomac Directors In Rs 750 Cr Bank Fraud Case
The company has a total outstanding of Rs 2,919 crore of which Indian Overseas Bank has an exposure of 23 per cent, , bank fraud, bank of india, Rotomac Global, cbi raid
Source: businessworld.in
Pen-Maker Rotomac Global Charged In 750 Crores Bank Fraud Case
The CBI has charged Kanpur-based Rotomac Global and its directors for Rs 750.54 crore for alleged fraud in Indian Overseas Bank, officials said.
Source: ndtv.com
Supreme Court Issue Notices to CBI, RBI on Dr Subramanian Swamy's Plea for Investigation into RBI Nominee Director's Role in Loan Frauds
The Supreme Court on Monday issued notices to the Reserve Bank of India (RBI) and central bureau of investigation (CBI) on Bharatiya Janata Party (BJP) leader Dr Subramanian Swamy's plea seeking a probe by CBI into the alleged role of nominee directors in bank loan fraud cases.
Source: moneylife.in