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ED raids 26 locations in ABG Shipyard bank fraud case

The Enforcement Directorate on Tuesday raided multiple premises in Mumbai, Pune and Surat in connection with a money laundering probe against ABG Shipyard Ltd in an alleged Rs 22,842 crore bank......

Bank fraud: ED registers money laundering case against ABG Shipyard

The Enforcement Directorate has registered a criminal case of money laundering against ABG Shipyard Ltd, its former promoters along with others for allegedly cheating a consortium of 28 banks of......

Unplanned vaccination can promote mutant strains: Experts to PM

A group of public health experts, including doctors from All India Institute of Medical Sciences and members from the national taskforce on COVID-19, have said that mass, indiscriminate and......

Clean Ganga project has a long way to go

'There will always be hiccups given that the Namami Gange programme is spread over different sectors and involves several agencies.' IMAGE: The Ganges in Varanasi. Photograph: Kind courtesy......

Jameel announced resignation in meeting of INSACOG, left colleagues surprised

Scientists associated with Indian SARS-CoV-2 Consortium on Genomics (INSACOG), the government panel that conducts research on different variants of the coronavirus, said they were surprised at......

Why Bank Frauds Continue

The average time lag between the date of occurrence of a fraud and its detection is 23 months; for large frauds (Rs 100 crore and above), it was 57 months. Illustration: Dominic Xavier/Rediff.com......

Chanda Kochhar: Rise and fall of a banking titan

Chanda Kochhar, who was arrested for a cash-for-loan scam on Friday, was once a powerful banker and instrumental in making ICICI Bank the country's biggest private sector lender. Illustration:......

Battered by three decades of controversy, TMB looks back to the future

June was a memorable month for the 101-year-old Tamilnad Mercantile Bank (TMB). Last month, the Thoothukudi-based bank witnessed two new landmarks in a history in which the last three decades could......

NCLT orders insolvency proceedings against Supertech

Real estate developer Supertech on Friday was declared bankrupt by the National Company Law Tribunal (NCLT), a move that could have a bearing on 25,000 home buyers of the firm's ongoing projects in......

'Our partnership with BharatPe is firm and good'

'Banking is a business of trust.' Illustration: Dominic Xavier/Rediff.com Ashneer Grover, co-founder and managing director of fintech BharatPe, valued at least $3 billion, has taken voluntary......

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