The bank loan, if it materialises, will be a lifeline for the company which hasn’t reported annual profit since Mukesh Ambani's Reliance Jio unleashed a tariff war in 2016.
First non-bailable warrant against Pratip Chaudhuri was issued in February 2020, but he was arrested only on 31 October 2021. Rajasthan Police say warrants were pending because of 'Covid situation'.
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.
Greens have a sizeable support in the Western countries with clean air and blue skies, but not in India, where poisonous air, water and soil kill millions.
The helicopters produced by Lockheed Martin are known as ‘submarine hunters’. India ordered 24 of these aircraft in 2020 to replace the Sea King helicopters. 15 have been delivered till date.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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