Mumbai (Maharashtra) [India], Nov 2 (ANI): India Ratings and Research (Ind-Ra) and Crisil have downgraded telecom major Vodafone Idea's long-term issuer ratings on non-convertible debentures (NCDs) worth Rs 3,500 crore.
Lucknow (Uttar Pradesh) [India], Oct 5 (ANI): Hailing the Reserve Bank of India's (RBI's) decision to cut repo rate, Union Minister for Information and Broadcasting Prakash Javadekar said on Saturday that the government has asked banks to transmit accruing benefits to loan borrowers.
Indore (Madhya Pradesh) [India], Sept 1 (ANI): A businessman in Madhya Pradesh was forcefully evicted from his residence after he failed to pay back bank loan of Rs 50 lakh.
Shimla (Himachal Pradesh) [India], Aug 31 (ANI): The Directorate of Enforcement (ED) on Saturday provisionally attached properties worth Rs 108.93 lakh under Prevention of Money Laundering Act, 2002 (PMLA) in connection with a bank fraud case against Zoya Resorts and Hotel here.
Hapur (Uttar Pradesh) [India], Aug 29 (ANI): A farmer allegedly committed suicide, in Paoti village here on Wednesday, after he failed to repay a Rs 6 lakh loan.
Mumbai (Maharashtra) [India], Aug 24 (ANI): India Ratings and Research (Ind-Ra) has downgraded ratings of Macrotech Developers Ltd (MDL) debt instruments to Ind BBB minus from Ind BBB plus and maintained the outlook as rating watch negative.
New Delhi [India], Aug 23 (ANI): The Enforcement Directorate conducted searches at the residence and offices of chairman and the managing director of Deccan Chronicle Holding Limited and recovered five lakh in the demonetised currency in connection with a bank loan fraud case.
Bengaluru (Karnataka) [India], Aug 16 (ANI): The Anti-Corruption Bureau (ACB) on Friday registered a case against officials of Jammu and Kashmir (J&K) Bank and Director of SA Rawther Spices Private Limited Anish Mohd Rawther in a Rs 350 crore loan fraud.
Srinagar (Jammu and Kashmir) [India], Aug 7 (ANI): Anti Corruption Bureau on Wednesday registered two cases against management, officers and other personnel of the Jammu and Kashmir Bank and an Ambience Group Director in J&K Bank loan fraud case worth about Rs 600 crore.
New Delhi [India], July 24 (ANI): As many as 83 Look Out Circulars (LoCs) have been issued against promoters of companies who have defaulted on bank loans, to prevent them from leaving the country, the government informed Rajya Sabha on Wednesday.
Sri Ganganagar (Rajasthan) [India], July 5 (ANI): Family of the farmer, who allegedly died after committing suicide in Raghunathpura of Sri Ganganagar here on Thursday claimed that he was forced to take the extreme step because he was unable to repay a bank loan.
Mumbai (Maharashtra) [India], July 1 (ANI): Brickwork Ratings has downgraded the rating of Reliance Infrastructure's bank loan facilities worth Rs 1,151 crore to D from C, citing deterioration in credit risk profile.