ED has linked Amtek promoter Arvind Dham with controlling web of nearly 500 shell companies operating as a layered structure, with up to 15 levels of indirect ownership, to divert funds.
Central bank has set out norms on how to identify wilful defaulters and penal provisions associated with them to maintain 'the integrity of the financial system'.
We are used to thinking that banks typically lend to larger firms, and households borrow from the informal sector. It's time to revise these misconceptions.
Share of gross non-performing assets of Scheduled Commercial Banks has fallen consistently since March 2018. But RBI report shows recoveries from written-off loans remain low.
There are thousands of people who are troubled by threats & harassment of loan recovery agents, a problem exacerbated by proliferation of instant loan apps that offer money at a click.
ED has linked Amtek promoter Arvind Dham with controlling web of nearly 500 shell companies operating as a layered structure, with up to 15 levels of indirect ownership, to divert funds.
Joint submarine patrol ‘covered more than 2,000 nautical miles’ and was joined by Russian support vessels. Beijing maintains exercise ‘not directed against any third party’.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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