Former SBI chairman Pratip Chaudhuri was arrested after a Jaisalmer court admitted a protesting petition against the Rajasthan Police filing a closure report in a case of fraud.
A Jaisalmer court had accepted a protest petition filed by former directors of a hotel, who alleged the ex-SBI chief sold their Rs 200 crore-worth property for just Rs 25 crore.
SBI ex-chair Pratip Chaudhuri has been accused of ‘conniving’ with asset reconstruction firm to wrongly declare a loan NPA, and sell property worth Rs 200 crore for Rs 25 crore.
SBI's retail loan book grew 15.2% from a year ago, driving its overall advances due to high festive demand. Its bad loan ratio narrowed to 4.9% from 5.32% rise in the previous quarter.
A case was filed against Chaudhuri in 2015 for allegedly seizing a Jaisalmer hotel property in a loan settlement case and selling it at a throwaway price through fraudulent means.
With the rising rate of cryptocurrency adoption worldwide, many countries like India have started to test the waters of digital currency by launching their own Central Bank Digital Currency (CBDC). But how does it work?
In ‘The Custodian of Trust’, former SBI chairman Rajnish Kumar writes about telling his 2.6 lakh employees to maintain ethics in banking and a work-life balance.
Rajnish Kumar's book 'The Custodian of Trust' published by Penguin Random House India, will be released on 21 Oct on ‘SoftCover’, ThePrint’s e-venue to launch select non-fiction books.
Marriage and festive demand, and high inflation are pushing gold imports. Decline in interest rates on savings instruments, and equity market issues could boost this further.
ED had earlier transferred Mallya-owned UBL shares worth about Rs 6,624 crore to the SBI-led consortium on directions of a special PMLA court that is hearing his case in Mumbai.
Using a GCC model, where the state contracts private operators, lowers costs and subsidies. It’s possible to run a high-quality service, as anyone who has used London’s buses will attest.
According to a statement by the airport, commercial operations likely to begin next year 'in view of the current construction status'. It was supposed to commence operations by 2024 end.
At interaction in Delhi Monday, Ambassador of Philippines also highlighted talks over possibility of high-level delegation visit later this year to mark 75 yrs of diplomatic ties.
Changed reality for Modi govt in its 3rd innings is by no means rise of a new phenomenon. It's a return to old normal where even majorities had to routinely wrestle with storied million mutinies.
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