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SC acquits man in 27-year-old bank fraud case, punches holes in CBI probe

Supreme Court acquits jeweller Soni in ₹6.7 crore Vijaya Bank fraud, citing lack of proof by CBI and orders return of 205 gold bars.

The CBI, the court said, failed to establish the two fundamental ingredients required to punish a person under Section 411 of the Indian Penal Code (receiving stolen property) — the property in possession of the accused should be proved to be the one stolen, and the person should have knowledge that it was stolen. (HT Archive)
Published on Feb 27, 2025 06:52 AM IST

SC acquits man in 27-year-old bank fraud case, notes lacunae in CBI probe

The case stems from a complaint made in September 1997 by Vijaya Bank reporting about a fraud in an account operated by M/s Globe International.

Supreme Court of India. (PTI File Photo)
Published on Feb 26, 2025 04:53 PM IST

Amul vs Nandini: ‘Kannadigas will never sell thier self respect,’ DKS asserts

He also said that the Nandini brand is a symbol for the self-esteem of Karnataka’s farmers.

Amul vs Nandini: ‘Kannadigas will never sell self respect,’ DK Shivakumar tells
Published on Apr 10, 2023 10:34 AM IST

Lok Sabha elections 2019: In Dakshina Kannada, BJP faces Bunt ire over Vijaya Bank’s merger

The government mandated a merger of the public sector Vijaya Bank and Dena Bank with Bank of Baroda on April 1, to create a more competitive financial institution.

The government mandated a merger of the public sector Vijaya Bank and Dena Bank with Bank of Baroda on April 1, to create a more competitive financial institution.(HT Photo)
Published on Apr 18, 2019 06:33 AM IST
Hindustan Times, Mangaluru | By

Merger of Vijaya Bank and Dena Bank with Bank of Baroda to be effective from April 1

Besides, the board of the bank fixed March 11, 2019, as record date for issuing and allotting equity shares of the Bank of Baroda to the Shareholders of Vijaya Bank and Dena Bank.

Merger of Vijaya Bank and Dena Bank with Bank of Baroda to be effective from April 1.(REUTERS)
Updated on Feb 21, 2019 06:58 PM IST
New Delhi | ByPress Trust of India

Government approves merger of three state-owned banks

India’s cabinet has approved the merger of state-run Vijaya Bank and Dena Bank with Bank of Baroda, the government said on Wednesday, in a step aimed at cleaning up the country’s banking system.

People walk out from Bank of Baroda in New Delhi.(REUTERS FILE PHOTO)
Updated on Jan 02, 2019 05:52 PM IST
New Delhi | ByReuters

10 lakh bank workers on strike nationwide today, services likely to be affected

The unions are claiming that the merger is not in the interest of banks or their customers and will in fact be detrimental to both.

United Forum of Bank Union (UFBU) protesting against the proposed merger of Vijaya Bank and Dena Bank with Bank of Baroda, in Bhopal.(ANI Photo)
Updated on Dec 26, 2018 12:03 PM IST
Mumbai | ByPress Trust of India

Dena Bank board clears merger proposal with Bank of Baroda

Last week, government had announced merger of Bank of Baroda, Vijaya Bank and Dena Bank to create the country’s second largest lender by assets and branches.

The board of state-run Dena Bank Monday approved its merger with Bank of Baroda along with another state-run lender Vijaya Bank.(HT Photo)
Published on Sep 24, 2018 10:40 PM IST
Mumbai | ByPress Trust of India

Merger of Bank of Baroda, Vijaya Bank and Dena Bank credit positive, says Moody’s

The merged bank would have a market share of about 7.2 per cent in deposits and 6.8 per cent in loans, based on March 2018 data, which would make it the second-largest bank by deposits and the third-largest by loans, Moody’s said in its report on Wednesday.

The combined institution would have the second largest branch network, with about 9,500 outlets nationwide, Moody’s added.(AFP)
Published on Sep 20, 2018 04:12 PM IST
Hyderabad | ByPress Trust of India

Bank of Baroda shares dip 16%, Dena Bank up by 20% after merger announcement

Bank of Baroda’s market valuation fell by ₹5,726.62 crore to ₹30,013.38 crore on BSE. Vijaya Bank lost ₹442.61 crore to ₹7,355.39 crore in market capitalisation, while shares of Dena Bank jumped 19.75 per cent to end at ₹19.10 — its highest trading permissible limit for the day.

The government on Monday said state-owned Bank of Baroda, Vijaya Bank and Dena Bank will be merged to create the country’s third largest lender as part of efforts to revive credit and economic growth.(Reuters)
Updated on Sep 18, 2018 06:29 PM IST
New Delhi | ByPress Trust of India

Bank of Baroda, Dena Bank, Vijaya Bank to be merged, create India’s third largest bank

The government will continue to provide capital support to the merged bank, expected to be India’s third largest.

A Bank of Baroda branch in Connaught Circus Branch in New Delhi.(Pradeep Gaur/ Mint)
Updated on Sep 18, 2018 10:33 AM IST
Reuters, New Delhi | By

Bank guard’s gun accidentally goes off, injures customer in south Delhi

The incident took place inside a branch of the Vijaya Bank in the Defence Colony area.

The weapon used by the guard has been recovered from the spot along with an empty and five live cartridges.(File photo)
Updated on Aug 21, 2018 05:01 PM IST
New Delhi | ByPress Trust of India

PSU banks suffer whopping 87,000 cr loss in FY18

Of the 21 state-owned banks, only two banks, Indian Bank and Vijaya Bank, posted profits during 2017-18. Indian Bank posted the highest profit of ₹1,258.99 crore and Vijaya Bank’s profit was ₹727.02 crore in the fiscal.

A man reads a newspaper outside a branch of Punjab National Bank (PNB) in Ahmedabad.(Reuters File Photo)
Updated on Jun 10, 2018 06:17 PM IST
Press Trust of India, New Delhi | ByPress Trust of India

Vijaya Bank tags Reliance Naval as NPA from March quarter

Reliance Naval is the second firm from the Anil Ambani group to become NPAs after its once flagship but now bankrupt Reliance Communication.

Anil Ambani group-led Reliance Naval & Engineering owes over <span class='webrupee'>₹</span>9,000 to over two dozen banks mostly state-run, led by the troubled IDBI Bank.(Reuters File Photo)
Updated on May 14, 2018 10:25 AM IST
Press Trust of India, Mumbai | ByPress Trust of India
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