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Indian Overseas Bank touched a 52-week high of <span class='webrupee'>₹</span>27.95 and Central Bank of India touched a 52-week high of <span class='webrupee'>₹</span>28.30. (File Photo)

Indian Overseas Bank, Central Bank shares hit record high

By hindustantimes.com | Written by Meenakshi Ray, New Delhi
PUBLISHED ON JUN 22, 2021 11:10 AM IST
Indian Overseas Bank and Central Bank of India might see 51 per cent sale in the first phase of disinvestment, a report said.
Central Bank of India shares were locked in upper circuit at <span class='webrupee'>₹</span>24.30 on the back of over two-fold jump in trading volumes. (File Photo)
Central Bank of India shares were locked in upper circuit at 24.30 on the back of over two-fold jump in trading volumes. (File Photo)

Shares of Central Bank of India, Indian Overseas Bank zoom 20%

By hindustantimes.com | Written by Meenakshi Ray, New Delhi
PUBLISHED ON JUN 21, 2021 03:26 PM IST
Central Bank of India, Indian Overseas Bank, Bank of Maharashtra and Bank of India are some of the names that may be considered for privatisation.
The Central Bureau of Investigation (CBI) filed an FIR against SEL Textiles Ltd for cheating a consortium of 10 banks led by Central Bank of India of Rs 1,530 crore between 2009 and 2013.(PTI)
The Central Bureau of Investigation (CBI) filed an FIR against SEL Textiles Ltd for cheating a consortium of 10 banks led by Central Bank of India of Rs 1,530 crore between 2009 and 2013.(PTI)

CBI books Ludhiana firm linked to Canada-based company named in Panama Paper leaks

Hindustan Times, New Delhi | By Neeraj Chauhan
UPDATED ON AUG 17, 2020 03:50 PM IST
SEL Textiles Ltd is also said to have used a Canada-based company - Aarti Impex - named in Panama Papers leaks for diversion of funds.
The agency has named AGPL, CEIPL and their promoters Bharatbhai Ratanshi Shah and Fenil Shah among others as accused in its cases.(PTI)
The agency has named AGPL, CEIPL and their promoters Bharatbhai Ratanshi Shah and Fenil Shah among others as accused in its cases.(PTI)

CBI books Gujarat firm, promoters for bank fraud of Rs 300 crore

Hindustan Times, New Delhi | By Neeraj Chauhan
UPDATED ON JUL 09, 2020 01:31 AM IST
In its four FIRs, the agency has listed four loans in which Central Bank had to face losses of Rs 47 crore and Rs 39 crore while BoI faced losses of Rs 98 crore and Rs 112 crore.
SBI and HDFC Bank are among 11 Indian banks covered under Moody’s latest rating action.(Bloomberg)
SBI and HDFC Bank are among 11 Indian banks covered under Moody’s latest rating action.(Bloomberg)

Citing Covid disruptions, Moody’s cuts ratings of SBI, HDFC Bank

Hindustan Times, Mumbai | By Anirudh Laskar
PUBLISHED ON JUN 03, 2020 04:14 AM IST
SBI and HDFC Bank are among 11 Indian banks covered under Moody’s latest rating action. The others are Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Export-Import Bank of India (EXIM India), Indian Overseas Bank, IndusInd Bank, Punjab National Bank and Union Bank of India.
HT Image
HT Image

CBI files chargesheet against 12 in HP scholarship scam

Hindustan Times, Shimla | By HT Correspondent, Shimla
UPDATED ON MAR 31, 2020 05:47 PM IST
The scam that began in 2012-2013 was unearthed in 2019.
HT Image
HT Image

CBI files chargesheet against 12 in HP scholarship scam

Hindustan Times, New Delhi | By Indo Asian News Service, New Delhi
PUBLISHED ON MAR 30, 2020 09:26 PM IST
The CBI chargesheet named six government officials of Directorate of the Higher Education, Shimla.
Central Bank of India SO registration process begins. (Screengrab)
Central Bank of India SO registration process begins. (Screengrab)

Central Bank of India SO Recruitment: Application process to fill 74 vacancies begins, here’s how to apply

Hindustan Times, New Delhi | By Akhilesh Nagari
UPDATED ON OCT 30, 2019 08:31 PM IST
The recruitment drive is being conducted to fill 74 vacancies, which includes Information Technology Officer, Security Officer, Risk Manager, Financial Analyst/Credit Officer, Economist, CDO/Chief Data Scientist, Data Analyst, Analytics-Senior Manager, Data Engineer, Data Architect, and CA/Credit Officer.
Two of the suspects, allegedly involved in the bank robbery, with police officers(Sourced)
Two of the suspects, allegedly involved in the bank robbery, with police officers(Sourced)

One of the guns used in bank heist in Delhi’s Farsh Bazar may have been a toy

New Delhi | By HT Correspondent
UPDATED ON SEP 29, 2019 09:02 AM IST
Two armed men had barged into at a branch of Central Bank of India and left with 8.9 lakh, but were chased by the police and civilians, who caught one of the suspects, Vikas, and recovered the entire loot.
Two masked men carrying pistols and knives almost pulled off a robbery at a bank in east Delhi’s Farsh Bazar on Thursday afternoon before the public and police chased and caught one of them. (Representative Image)
Two masked men carrying pistols and knives almost pulled off a robbery at a bank in east Delhi’s Farsh Bazar on Thursday afternoon before the public and police chased and caught one of them. (Representative Image)

Masked men rob bank in Delhi, public and cops catch one of them and recover loot

New Delhi | By HT Correspondent
UPDATED ON SEP 26, 2019 11:59 PM IST
In one instance in outer Delhi’s Chhawla in October, robbers gunned down a cashier to make away with R 3.2 lakh cash. In March this year, a man used an air pistol to nearly pull off a R40 lakh robbery from a bank in Rohini.
While ED sought a 14-day remand of Puri, special judge Sanjay Garg granted six days’ custody to the agency on Tuesday.(HT image)
While ED sought a 14-day remand of Puri, special judge Sanjay Garg granted six days’ custody to the agency on Tuesday.(HT image)

Kamal Nath’s nephew sent to 6-day ED custody

New Delhi | By HT Correspondent
UPDATED ON AUG 21, 2019 01:58 AM IST
ED took the action after lodging a case under the Prevention of Money Laundering Act (PMLA) against Puri and others on Monday night based on CBI’s FIR.
Madhya Pradesh Chief Minister Kamal Nath has said that the arrest of his nephew Ratul Puri is “purely mala fide” action.(ANI Photo)
Madhya Pradesh Chief Minister Kamal Nath has said that the arrest of his nephew Ratul Puri is “purely mala fide” action.(ANI Photo)

‘Purely mala fide action’: Kamal Nath on nephew Ratul Puri’s arrest

New Delhi | By HT Correspondent
UPDATED ON JUN 17, 2020 10:18 PM IST
Ratul Puri was arrested in connection with a money laundering case concerning an alleged bank fraud of Rs 354 crore, officials familiar with the matter said.
The Central Bureau of Investigation on Sunday conducted searches at six places.(HT image)
The Central Bureau of Investigation on Sunday conducted searches at six places.(HT image)

CBI searches 6 places in Delhi

New Delhi | By HT Correspondent
PUBLISHED ON AUG 19, 2019 05:07 AM IST
An FIR was registered on Saturday following a complaint by the Central Bank of India. CBI said in a statement that it carried out searches at six locations including the residences of the accused directors.
The Enforcement Directorate has attached assets of a Hyderabad-based company in a fraud case.
The Enforcement Directorate has attached assets of a Hyderabad-based company in a fraud case.

ED attaches Hyderabad’s Viceroy Hotels assets in alleged bank fraud case

Hindustan Times, New Delhi | By Neeraj Chauhan
UPDATED ON APR 02, 2019 10:23 PM IST
The properties of Viceroy Hotels, Hyderabad, to the extent of Rs 315 crore was provisionally attached under the provisions of the PMLA.
PMPML staff sorting coins at Narveer Tanaji Wadi depot, Shivajinagar on Friday.(Pratham Gokhale/HT Photo)
PMPML staff sorting coins at Narveer Tanaji Wadi depot, Shivajinagar on Friday.(Pratham Gokhale/HT Photo)

Pune’s PMPML has no room for loose change worth Rs53 lakh

Hindustan Times, Pune | By Parth Welankar
UPDATED ON NOV 17, 2018 03:55 PM IST
Since October 3, the Central Bank of India, which holds the account of PMPML has refused to accept coin deposits from the PMPML citing lack of space
The banks themselves aren’t happy with PCA, though. In September, in a meeting with the finance ministry (effectively their biggest shareholder), the State-owned banks sought a relaxation in it. There have been reports that the ministry could take up the issue with Reserve Bank of India(REUTERS)
The banks themselves aren’t happy with PCA, though. In September, in a meeting with the finance ministry (effectively their biggest shareholder), the State-owned banks sought a relaxation in it. There have been reports that the ministry could take up the issue with Reserve Bank of India(REUTERS)

RBI should be allowed to take the PCA mechanism to its logical end

Hindustan Times | By HT Correspondent
PUBLISHED ON OCT 22, 2018 01:23 PM IST
Prompt Corrective Action (PCA) ensures that future non-performing assets (NPAs) are not being created
Since October 4, the Central Bank of India has refused to accept coin deposits from the PMPML citing lack of space. This public sector bank holds the account of the PMPML.(HT PHOTO)
Since October 4, the Central Bank of India has refused to accept coin deposits from the PMPML citing lack of space. This public sector bank holds the account of the PMPML.(HT PHOTO)

Coins: Headache for Pune’s transport body as Central bank refuses its deposits

Hindustan Times, Pune | By Shalaka Shinde and Parth Welankar
UPDATED ON OCT 17, 2018 03:14 PM IST
Central Bank refuses coin deposit from PMPML leading to pile-up of at least 15 lakh in coins
People walk past Punjab National Bank's Brady House branch in Mumbai on June 14.(REUTERS)
People walk past Punjab National Bank's Brady House branch in Mumbai on June 14.(REUTERS)

Finance ministry likely to infuse about Rs 10,000 cr soon in PSU banks

New Delhi | By Press Trust of India
UPDATED ON JUL 17, 2018 06:12 PM IST
Sources said that capital infusion may take place this week itself or latest by next week in some of banks including Punjab National Bank, Central Bank of India and Corporation Bank.
Critics say the crop loan target fixed by the state government for nationalised banks hasn’t even seen 20% fulfilment so far this kharif season.(Pradeep Gaur/ Mint)
Critics say the crop loan target fixed by the state government for nationalised banks hasn’t even seen 20% fulfilment so far this kharif season.(Pradeep Gaur/ Mint)

Maharashtra bank official ‘demands’ sexual favours in return for crop loan, held

Hindustan Times, Nagpur | By Pradip Kumar Maitra
UPDATED ON JUN 27, 2018 01:04 PM IST
The woman was asked to submit her contact details as part of the loan processing formalities.
The RBI said profitability of all commercial banks declined, partly reflecting increased provisioning.(Pradeep Gaur/Mint)
The RBI said profitability of all commercial banks declined, partly reflecting increased provisioning.(Pradeep Gaur/Mint)

Bad loan situation likely to worsen further, says RBI

Press Trust of India, Mumbai | By Press Trust of India
PUBLISHED ON JUN 26, 2018 06:22 PM IST
Referring to the 11 state-owned banks under prompt corrective action framework (PCA), the RBI said they may experience worsening of their GNPA ratio from 21% in March 2018 to 22.3% by this fiscal-end.
File photo of the Bank of Baroda headquarters in Mumbai.(Reuters)
File photo of the Bank of Baroda headquarters in Mumbai.(Reuters)

IDBI, Central Bank, Bank of Baroda, Oriental Bank of Commerce may fuse into one

Hindustan Times, Mumbai/New Delhi | By Anirudh Laskar and Remya Nair
UPDATED ON JUN 04, 2018 07:27 AM IST
With the merger of state-run banks, the government hopes to help stem the rise in bad loans in their books at a time when poor asset quality has crippled the lending ability of some of them.
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