Indian Overseas Bank Archives

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

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

Team PGurus - December 29, 2025 0

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...

PGurus Newsdesk - December 13, 2025 1

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...

Team PGurus - October 31, 2025 1

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...

Team PGurus - September 6, 2025 1

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...

Team PGurus - August 31, 2025 2

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...

PGurus Newsdesk - April 7, 2025 1

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...

Team PGurus - March 15, 2024 0

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...

PGurus Newsdesk - October 24, 2023 0

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...

IOB's refusal will ultimately lead to the closure of the case and give Chidambaram's family a way to escape

Law and Order

CBI says Indian Overseas Bank shields officials in connection with Chidambaram...

Team PGurus - May 10, 2023 1

Why IOB not granting sanctions for prosecution against officials involved in the case? The Central Bureau of Investigation (CBI) informed Delhi High Court that Indian...