andhra bank news
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Hyderabad-based infra firm IVRCL’s MD booked in ₹4837cr alleged bank fraud
The agency has booked the Hyderabad-based company and its directors on a complaint from the State Bank of India, CBI Spokesperson RC Joshi said.
Published on Dec 30, 2020 10:11 PM IST
Hyderabad | Press Trust of India | Posted by Shankhyaneel Sarkar
After mega-merger effective today, six banks will cease to exist
Following the consolidation, there will be seven large public sector banks (PSBs), and five smaller ones.
Updated on Apr 01, 2020 08:33 AM IST
Hindustan Times, New Delhi | HT Correspondent
Govt sets up board to examine bank frauds of at least ₹50 crore before agencies step in
The formation of the board was announced in an order issued by the Central Vigilance Commission (CVC) on Wednesday.
Updated on Jan 17, 2020 03:29 AM IST
Hindustan Times, New Delhi | HT Correspondent, New Delhi
PNB, Union Bank get in-principal nod from government for proposed merger
The government in August had announced four major mergers of public sector banks, bringing down their total number to 12 from 27 in 2017, a move aimed at making state-owned lenders global sized banks.
Updated on Nov 18, 2019 09:19 PM IST
New Delhi | Press Trust of India
Two Andhra lawmakers write to FM on move to merge Andhra Bank with UBI
In his letter, Rao said Andhra Bank, founded in 1923 by Bhogaraju Pattabhi Seetharamayya, a renowned freedom fighter and associate of Mahatma Gandhi, was the only nationalized bank founded in Andhra Pradesh and was considered the pride of the Andhra people in the last 96 years.
Updated on Aug 31, 2019 09:24 PM IST
Hindustan Times, Hyderabad | Srinivasa Rao Apparasu
₹2.83cr bank fraud: Man gets life, four others convicted
The court also convicted four others in the case, including the main accused’s wife and two bank officials, and imposed a fine of ₹3.16 crore on them..
Updated on Apr 27, 2019 07:00 AM IST
HT Correspondent
Ex-Union minister and TDP MP to be quizzed by CBI
The Central Bureau of Investigation (CBI) on Thursday served summons on former Union minister and Telugu Desam Party MP YS Chowdary in connection with a ₹71 crore bank fraud case.
Updated on Apr 25, 2019 11:10 PM IST
Hindustan Times, Hyderabad | Srinivasa Rao Apparasu
Centre clears plan to infuse Rs 48,000 crore in 12 state-owned banks
The government in December last year had infused Rs 28,615 crore into seven public sector banks (PSBs) through recapitalisation bonds.
Updated on Feb 20, 2019 06:22 PM IST
New Delhi | Press Trust of India
ED files fresh charge sheet in money laundering case involving Gujarat-based firm Sterling Biotech
The ED has previously accused the company of taking loans of over ₹5,000 crore from a consortium led by Andhra Bank which had turned into non-performing assets.
Updated on Oct 23, 2018 05:52 PM IST
New Delhi | Press Trust of India
CBI seeks info from Nigeria on accused Nitin Sandesara for ₹5,300 crore fraud
The CBI has asked the Interpol wing of Nigeria to confirm if absconding promoter of Gujarat-based Sterling Biotech, Nitin Sandesara, being probed in a ₹5,300 crore banking fraud case, has moved in that country, officials said on Tuesday.
Updated on Sep 26, 2018 10:10 AM IST
New Delhi | Press Trust of India
With ₹253 crore loan, banks apprehensive of Amritsar family fleeing country
The family accused the bank of destroying their reputation and cheating.
Updated on Sep 22, 2018 09:19 AM IST
Hindustan Times, Amritsar | HT Correspondent
Top leadership spots vacant in state banks amid $210 billion bad loan clean-up
About 30 top-level vacancies exist at state banks, including executive directors, PTI reported. Lack of leadership leaves these lenders struggling to formulate strategies and meet government conditions to win more funds under a record public bailout.
Updated on Jun 07, 2018 12:03 PM IST
Bloomberg | Anto Antony