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IDBI Bank fraud: 15 senior bank officials booked
Updated : 8 years, 3 months ago IST
New Delhi [India], Apr 26 (ANI): The Central Bureau of Investigation (CBI) on Thursday registered cases against 15 former senior officials of IDBI Bank and 24 others including members of private companies, on allegations of perpetrating a fraud of approximately Rs 600 crore through loan acco
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CBI registers case against IDBI Bank, Axcel Sunshine for Rs. 600 Cr. fraud
Updated : 8 years, 3 months ago IST
New Delhi [India], Apr. 26 (ANI): The Central Bureau of Investigation (CBI) on Thursday registered a case against the then senior officials of IDBI Bank, Axcel Sunshine and others on allegations of perpetrating fraud of approximately Rs 600 crores through loan accounts of Axcel Sunshine Limi
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India, World Bank sign agreement for "Innovate in India for Inclusiveness
Updated : 8 years, 3 months ago IST
New Delhi [India], Apr 25 (ANI): The World Bank on Wednesday announced signing of a loan agreement with India for IBRD credit of USD 125 (equivalent) for the "Innovate in India for Inclusiveness Project".
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India, World Bank to improve MP's rural road network
Updated : 8 years, 3 months ago IST
New Delhi [India], April 25 (ANI): The Government of India, the Government of Madhya Pradesh and the World Bank signed a 210 million dollar loan agreement for the Madhya Pradesh Rural Connectivity Project.
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Cash Suvidha aims to disburse Rs. 400 Cr loan amount to 50,000+ borrowers
Updated : 8 years, 3 months ago IST
New Delhi [India], Apr 24 (ANI): Cash Suvidha, a fintech startup that began its operations in May 2016 by extending business loans to SMEs, MSMEs, and personal and women entrepreneurs has added another feather to its cap. It has disbursed around Rs 122 crore of loans in the Financial Year 20
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Auxilo Finserve to disburse Rs.100cr loan in K'taka
Updated : 8 years, 3 months ago IST
New Delhi [India], April 23 (NewsVoir): Marching ahead with its objective of creating new-age education ecosystem across the country, Auxilo Finserve Pvt. Ltd. has rolled out plans to disburse Rs. 100 cr of loan amount in next two years in Karnataka.
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Happy Loans, InstantPay announce strategic partnership to expand reach
Updated : 8 years, 3 months ago IST
New Delhi [India], Apr 23 (ANI): Happy Loans and InstantPay on Monday announced their strategic partnership to expand its capacity and reach to offer a wide variety of loan products to the merchants.
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True Balance raises $23mn towards expanding operations
Updated : 8 years, 3 months ago IST
New Delhi [India], Apr. 20 (ANI): True Balance, a digital wallet and financial services platform, raised USD 23 Million in a Series B2 funding, which it intended to use towards talent acquisition and expanding benefits of need-based financial services.
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Flexi personal loans from Bajaj Finserv
Updated : 8 years, 3 months ago IST
Pune (Maharashtra) [India], April 20 (NewsVoir): Bajaj Finserv, India's leading private sector financial solutions provider, is running a special campaign, offering personal loans with flexi loan feature at attractive rates of interest for its customers through its lending arm Bajaj Finan
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Loan default: DPIL directors presented before CBI court
Updated : 8 years, 3 months ago IST
Ahmedabad (Gujarat) [India], Apr 18 (ANI): The directors of Vadodara-based Diamond Power Infrastructure Ltd (DPIL), Amit Bhatnagar and Sumit Bhatnagar, were presented before a special Central Bureau of Investigation (CBI) court on Wednesday, in connection with an alleged fraud of Rs 2654 cro
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Lenders need to be proactive in monitoring borrowers: RBI
Updated : 8 years, 3 months ago IST
Pune (Maharashtra) [India], Apr. 18 (ANI): Amid a recent surge in payment delays and loan defaulting, Reserve Bank of India (RBI) Deputy Governor N.S. Vishawanathan said lenders need to be proactive in monitoring their borrowers and identifying financial stress, using a combination of lea
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CBI arrests promoters, directors of Vadodara company in loan-default case
Updated : 8 years, 3 months ago IST
New Delhi [India], Apr. 18 (ANI): The Central Bureau of Investigation (CBI) on Wednesday arrested the promoters and directors of Diamond Power Infrastructure Ltd, a Vadodara-based firm accused of an alleged loan default.
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