Articles about Central Bank of India (CBI)

CBI files Rs. 1,400cr fraud case against dairy firm Kwality

21 Sep 2020

Business
CBI files Rs. 1,400cr fraud case against dairy firm Kwality

The Central Bureau of Investigation (CBI) on Monday has filed a case of fraud against Kwality Ltd., one of the country's most popular dairy product makers.

Exporters flee country after cheating 6 banks; SBI files complaint

09 May 2020

Business
Exporters flee country after cheating 6 banks; SBI files complaint

Three promoters of a Delhi-based basmati rice export firm have fled the country with over Rs. 400 crore in unpaid bank loans, officials said on Saturday.

Kamal Nath's nephew spent Rs. 8cr in single night: ED

20 Oct 2019

India
Kamal Nath's nephew spent Rs. 8cr in single night: ED

On Thursday, the Enforcement Directorate filed a charge-sheet against Ratul Puri, the nephew of Madhya Pradesh Chief Minister Kamal Nath, in a money laundering case.

Soon, RBI to introduce varnished Rs. 100 currency notes

29 Aug 2019

Business
Soon, RBI to introduce varnished Rs. 100 currency notes

In its annual report for FY 2018-19 released today, the Reserve Bank of India (RBI) announced that it is planning to introduce varnished currency notes of Rs. 100 denomination, on a field-trial basis.

MP CM's nephew, Ratul Puri, arrested for Rs. 354cr bank fraud

20 Aug 2019

India
MP CM's nephew, Ratul Puri, arrested for Rs. 354cr bank fraud

Ratul Puri, the nephew of Madhya Pradesh Chief Minister Kamal Nath, has been arrested by the Enforcement Directorate in connection with a Rs. 354 crore bank fraud case, despite multiple attempts to evade arrest.

MP CM's nephew, Ratul Puri, booked in Rs. 354cr fraud

19 Aug 2019

India
MP CM's nephew, Ratul Puri, booked in Rs. 354cr fraud

The Central Bureau of Investigation (CBI) has booked Madhya Pradesh Chief Minister Kamal Nath's nephew Ratul Puri for committing a Rs. 354 crore bank fraud, officials said yesterday.

#FinancialBytes: 5 popular car loan options available in India

16 Mar 2019

Business
#FinancialBytes: 5 popular car loan options available in India

Having a car has become a necessity for many people nowadays. While many dream of owning a car, not everyone can afford to buy a car right away.

#FinancialBytes: How to open a PPF account

25 Feb 2019

Business
#FinancialBytes: How to open a PPF account

Public Provident Fund, popularly known as the PPF scheme, is a long-term savings scheme, launched by the National Savings Institute, Government of India, in 1968.

#FinancialBytes: 5 popular car loan options available in India

15 Feb 2019

Business
#FinancialBytes: 5 popular car loan options available in India

Having a car has become a necessity for many people nowadays. While many dream of owning a car, not everyone can afford to buy a car right away.

Delhi: This gang commits walk-in frauds using OTP; beware

16 Oct 2018

India
Delhi: This gang commits walk-in frauds using OTP; beware

The Delhi police have busted a member of a gang that walks in to banks and steals money from customers by impersonating account holders and committing OTP fraud.

Delhi: Man arrested for Rs. 11.5L bank fraud in Dwarka

14 Oct 2018

India
Delhi: Man arrested for Rs. 11.5L bank fraud in Dwarka

Koshi Kumar, a 30-year-old native of Chandole village in Jharkhand's Giridih district, has been arrested for allegedly impersonating an account holder of a Central Bank of India branch in Delhi's Dwarka and committing a fraud of Rs. 11.5L.

Bank manager asks sexual favors from farm loan applicant; booked

23 Jun 2018

India
Bank manager asks sexual favors from farm loan applicant; booked

A branch manager of Central Bank of India in Maharashtra's Buldhana district has been booked for allegedly demanding sexual favors from a farmer's wife seeking crop loan.

#FinancialBytes: Buying a car? Here are 6 best car-loan options

24 Apr 2018

Business
#FinancialBytes: Buying a car? Here are 6 best car-loan options

Nowadays, having a car has become a necessity rather than a luxury. However, someone who has just started his professional career may not be able to afford a car.

UCO Bank fraud: Ex-CEO booked for defrauding Rs. 621cr

15 Apr 2018

Business
UCO Bank fraud: Ex-CEO booked for defrauding Rs. 621cr

The CBI has booked the former Chairman-cum-Managing Director of UCO Bank, Arun Kaul, along with others, in connection with a Rs. 621cr loan fraud.

Every four hours, one Indian banker gets caught for fraud

18 Feb 2018

Business
Every four hours, one Indian banker gets caught for fraud

An analysis of data compiled by the Reserve Bank of India (RBI) has revealed that on an average, at least one in India is caught and punished for fraud every four hours.

Government to NGOs: Open bank accounts before 21 January, 2018

26 Dec 2017

India
Government to NGOs: Open bank accounts before 21 January, 2018

In a bid to maintain transparency, the Ministry of Home Affairs has directed NGOs, businesses etc that receive foreign funding to open bank accounts within a month.

Modi: Central Bank of India, RBI were Ambedkar's vision!

06 Dec 2017

Politics
Modi: Central Bank of India, RBI were Ambedkar's vision!

Despite cyclone Ockhi closing in, PM Narendra Modi continued with his punishing schedule of addressing rallies, ahead of the Gujarat polls.

No debit or credit card blocked, IRCTC clarifies

23 Sep 2017

India
No debit or credit card blocked, IRCTC clarifies

Hours after reports emerged that IRCTC had barred certain banks' debit cards on its platform, the organization has refuted all such reports.

Making online payment on IRCTC? Only some debit cards allowed

22 Sep 2017

India
Making online payment on IRCTC? Only some debit cards allowed

It was reported yesterday that IRCTC has disallowed many banks from using its payment gateway for debit cards.

Finance ministry to RBI, extend deadline for Basel III norms

27 Jun 2017

Business
Finance ministry to RBI, extend deadline for Basel III norms

Although RBI had extended the deadline for implementation of Basel III banking norms from March 2018 to March 2019, the finance ministry has now asked for another extension citing, banks at present have a higher capital requirement to handle NPAs.

If Bahubali were a corporate organization!

23 May 2017

Entertainment
If Bahubali were a corporate organization!

According to the latest reports, Bahubali 2, which was made on a budget of Rs. 250 crore, has managed to garner Rs. 1,565 crore till date and is still going strong.

Digitalization: Rs. 1,590 transaction wins Maharashtra girl Rs. 1 crore!

15 Apr 2017

India
Digitalization: Rs. 1,590 transaction wins Maharashtra girl Rs. 1 crore!

Shraddha Mohan Mengshette (Maharashtra) won Rs. 1cr in the Lucky Grahak Yojana scheme; an EMI of Rs. 1,590 paid through RuPay card was the winning transaction.

Digitalization: Consumer gets Rs. 1cr for transaction of Rs. 1,590

10 Apr 2017

India
Digitalization: Consumer gets Rs. 1cr for transaction of Rs. 1,590

Six winners were selected by lottery under the government's digital payments promotion scheme.

Digi-dhan event concludes: President Mukherjee to declare mega prize winners

09 Apr 2017

India
Digi-dhan event concludes: President Mukherjee to declare mega prize winners

Government of India is set to wrap up its 100-day long Digi-Dhan Mela, launched after demonetization to encourage digital payments.

PSU Banks: Bad times over yet?

23 Sep 2016

Business
PSU Banks: Bad times over yet?

Moody's, one of the top ratings agencies, said that the outlook for Indian banks project that it is set to improve and stabilize over the coming years.