Mumbai, Feb 19 (IANS) The Mumbai Metropolitan Region Development Authority (MMRDA) has secured a Rs 7326 crore loan for the underground Orange Gate to Marine Drive tunnel road sanctioned by Union Bank of India. MMRDA in a release said that the loan was obtained at a competitive return on investment optimising financial efficiency and it … Read more
Jammu, Feb 18 (IANS) The Crime branch of Jammu and Kashmir Police, on Tuesday, arrested a former bank manager with four other persons in an alleged multi-crore loan scam, officials said. A crime branch statement said that a case was registered in 2023 on a written complaint from Mohammad Shakeel, the chief manager of the … Read more
Thiruvananthapuram, Feb 14 (IANS) Within minutes of the Centre announcing a loan for the rehabilitation of Wayanad following the devastating landslide, the traditional political rivals in Kerala — the CPI(M)-led Left government and the opposition Congress-led UDF — have expressed strong objections. The Centre has informed the State Finance Department that a loan of Rs … Read more
New Delhi, Feb 6 (IANS) The Enforcement Directorate (ED) has filed a charge sheet at a special court in Ghaziabad, accusing multiple individuals and firms of being involved in a significant loan fraud case. The complaint, filed on December 13, 2024, includes charges under the Prevention of Money Laundering Act (PMLA), 2002, against Rajeev Tyagi, … Read more
Bengaluru, Feb 5 (IANS) Fugitive liquor baron Vijay Mallya approached the Karnataka High Court on Wednesday seeking direction to banks to provide details of the total amount recovered against loans obtained by him, United Breweries Holdings Limited (UBHL, now in liquidation). Considering the plea, the High Court has issued notices to concerned banks in this … Read more
Mysuru (Karnataka), Jan 27 (IANS) Despite the state government’s assurance on the protection of borrowers from harassment by microfinancing institutions, a woman in the Mysuru district of Karnataka committed suicide fearing torture by the microfinance company staffers. Mysuru is the native district of Chief Minister Siddaramaiah. The incident was reported from Ambale village in Mysuru … Read more