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Division bench reinstates proceedings by PSU banks to classify Reliance Communications’ accounts as fraud, declines stay for Supreme Court appeal
Law and Order

HC quashes order staying proceedings against Anil Ambani to classify his...

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Bombay HC sets aside interim relief to Anil Ambani in bank fraud classification case In a setback to industrialist Anil Ambani, the Bombay High Court...
India’s public sector banks posted robust Q3 results, with cumulative profits crossing ₹52,600 crore
Banking

Public sector banks post record Q3 net profit of Rs 52,603...

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Strong credit growth lifts PSU banks’ Q3 earnings by 18% Public sector banks (PSBs), led by State Bank of India (SBI), posted a record cumulative...
Court asks why prosecution sanction is required when the CBI probe began in 2017, before amendments to the Prevention of Corruption Act came into force
Law and Order

Delhi HC rejects IOB’s petition and asks CBI why need sanction...

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Delhi HC flags CBI’s inaction in Sarfaesi misuse case linked to Chidambaram family Rejecting Indian Overseas Bank’s (IOB) petition, the Delhi High Court has asked...
Rate relief for borrowers as SBI passes on RBI rate cut
Banking

SBI loans to get cheaper as bank passes on RBI rate...

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Fixed deposit rates trimmed marginally; other tenors unchanged State Bank of India (SBI), the country’s largest lender, on Monday announced a reduction in its lending...
Tribunal upholds ED’s attachment of Karti Chidambaram’s Rs.22 crore assets in INX Media case, praises probe officer Rajeshwar Singh
Law and Order

INX Media case: Tribunal upholds ED attachment of Karti Chidambaram’s Jorbagh...

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ED wins INX Media case appeal; Karti Chidambaram’s Rs.22 cr assets stay attached in INX Media case The Appellate Tribunal under the Prevention of Money...
CBI registers FIR on Madras HC’s orders into Rs.450 cr demonetisation-era sugar mill purchase allegedly linked to Sasikala, citing fraud, benami property, and diversion of bank funds
Corruption

Sasikala paid Rs.450 crore in old notes to buy a sugar...

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CBI connects Sasikala to a Rs.450 cr all-cash deal in sugar factory purchase V K Sasikala, a close aide of former Tamil Nadu Chief Minister...
CBI argues that without IOB’s sanction, it cannot prosecute bank officials accused of colluding with Chidambaram’s relatives in an illegal hotel auction
Law and Order

Indian Overseas Bank not granting sanction against officials, says CBI in...

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IOB’s refusal halts CBI action in Chidambaram family hotel grabbing case The Central Bureau of Investigation (CBI) has informed the Delhi High Court that the...
The complaint was filed by Indian Overseas Bank against Truedom EPC Limited. Notably, Minister Nehru’s brother, N Ravichandran, is a director in the firm
Banking

ED raids Tamil Nadu Minister K N Nehru’s premises in bank...

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Raids linked to Rs.22 cr bank fraud case involving Truedom EPC Limited The Enforcement Directorate (ED) conducted searches at multiple locations associated with Tamil Nadu’s...
Businessman Kathirvel’s advocate blamed the CBI for not registering a regular case even after informing the entire illegalities by Chidambaram family and IOB officials to the High Court four years ago
Law and Order

Delhi High Court orders CBI to take steps in Chidambaram family’s...

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CBI asked to take necessary steps in the hotel-grabbing case Delhi High Court ordered to Central Bureau of Investigation (CBI) to take necessary steps in...
CBI registered the case on September 30, 2023, on the basis of a complaint lodged by the Indian Overseas Bank in May
Banking

CBI registers case against Nimbus Communications, its 3 directors in bank...

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CBI names Nimbus Communication, directors for defrauding the Indian Overseas Bank amounting to Rs.76.34 cr The Central Bureau of Investigation (CBI) has registered a case...
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