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.
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.
Within the modern-day Samudra Manthan lies the opportunity for India to redefine its role on the world stage by building a robust, adaptive security architecture.
Indian toymakers are now exploring new markets, but they want govt to negotiate a trade deal with US soon, introduce incentives and subsidies to make the industry more competitive.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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