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Credit Facility

India extends $1-bn credit facility for Sri Lanka by one year

The credit facility was extended through the State Bank of India (SBI) in response to a specific request from the Sri Lankan government (Twitter/ShehanSema)

Updated 1146 days ago

Doubtful recovery of ₹11.9 crore: Private company given undue benefit by Jammu and Kashmir Bank, reveals CAG report

The CAG in its report has highlighted how a private company was given undue benefit by Jammu and Kashmir Bank by pointing out a doubtful recovery of <span class='webrupee'>₹</span>11.98 crore in J&K Bank in favour of M/s Ace Engineering Infratech Private Limited without obtaining adequate security cover and release of credit facility without complying with the pre-disbursement condition. (HT File Photo/ Representational image)

Updated 1202 days ago

22 years on, 3 bank officers, guarantor get 2-year jail in loan fraud case

Vijay Sawant, the then senior manager of the bank, did not take the original title deeds of the property in possession, in violation of the prescribed rules and willfully accepted only xerox copies to help Sheth. Sawant had retired and died before the CBI filed a chargesheet in the case. (Getty Images)

Updated 1205 days ago

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