Earlier, a special CBI court had issued non-bailable warrants against Neeraj Singal, Vice Chairman and Managing Director of Bhushan Steel Ltd, and Purushotam Totlani, an alleged middleman, in connection with the Syndicate Bank bribery case.
The judge had on Wednesday dismissed the anticipatory bail plea of Singal.
Stung by the crisis arising out of the Syndicate Bank bribery case, lenders have gone into a fire-fighting mode to avoid fresh bad loans from their exposure to Bhushan Steel, one of the most indebted steel companies in the country.
FM says government policies aim to contain inflation, spur growth.
With these repayments, RCom has now fully liquidated the borrowings from 23 foreign banks and financial institutions
Like software-as-a-service (SaaS), CaaS has emerged as a well-orchestrated ecosystem for cybercriminals.
In March this year, he quit to start his own firm for equity syndication to cater to small and medium enterprises in smaller towns. Huzefa Sitabkhan, who was working with one of the domestic investment banks (i-banks), left to start PNR Consulting, an advisory and consultancy firm for equity and debt syndication for SMEs.
With the stock market entering a bull phase, many believe the Singals can bring in the much-needed equity capital and reduce their debt.
Do you suspect that your partner is cheating on you and want to find out the truth by installing spyware on their phone? Or, perhaps you are a student who wants to get out of an online classroom so you can play an online game with friends? How about some Zoom raiding for a mere Rs 50-100? Or, are you a person who wishes to hack into someone's phone or laptop, and steal their financial details? Crimeware-as-a-Service (CaaS) allows you to do all this and more.
'What made him different was that he was not a banker at all by temperament.' 'He was a businessman, a typical lalaji at that.' 'He had to win at any cost.'
Rajiv Kochhar, who was asked to appear at the CBI office in Mumbai, was examined about the loan and his links with Venugopal Dhoot, the promoter of the Videocon Group, and Videocon.
Reliance Industries Ltd on Wednesday concluded a $250 million international syndicated loan at 90 basis points over London Inter-Bank Offered Rate.
The 30-share Sensex ended down 71 points at 26,710 and the 50-share Nifty lost 38 points to close at 8,030.
RCom had reported net debt of around Rs 37,360 crore (Rs 373.6 billion) as on December 31, 2012.
The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
Corporates, realtors, and even IPL fixing -- the tentacles of the hacking network, whose alleged member was nabbed by a agencies of India, US, Romania and China on Friday, run broader than anticipated, reports Vicky Nanjappa.
Reliance Industries Limited, the country's largest private sector company, is raising $2 billion through a 10-year overseas syndicated loan for funding its oil and gas exploration in the D6 block of the Krishna-Godawari basin.
The CBI later clarified that Rajiv Kochhar was only called for questioning and has not been apprehended yet.
Membership to help domestic banks access developed markets.
Index heavyweights Reliance Industries, HDFC and Infosys were the top Sensex gainers.
That's the government's goal for the Unified Payment Interface by March. Are they close? A P Hota, the man at the helm, answers.
UV Asset Reconstruction Company Ltd has made the highest bid of Rs 16,000 crore to buy Anil Ambani group's Reliance Communications and Reliance Telecom, which are in the National Company Law Tribunal (NCLT). Last year it was the highest bidder for taking over Aircel's assets for an upfront payment of Rs 150 crore. Surajeet Das Gupta and Dev Chatterjee dig deeper to find out more about this little known company.
While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.
Mirach said it has remitted $2.625 million to the Sebi-Sahara Fund.
ICICI Bank Ltd on Wednesday opened its first overseas offshore branch in Singapore.
Sensex lost 76 points to end at 25,589 while Nifty shed 23 points to end at 7,649.
National Thermal Power Corporation on Thursday said it has sought offers from global bankers for arranging a syndicated loan of $100 million to part finance its capital investment during the current fiscal.
Infosys said it is in discussion with over 10 institutions globally for deploying the solution
Schuldschein is an alternative way to raise funds instead of loans or bonds and deals can run from $12 million to more than $1.13 billion. These instruments include tranches of different maturities and currencies and investors are spread across the world.
The recent revelations of financial irregularities, as in real estate firms allegedly involved in a loan syndication bribery case and the 2G telecom licence scam, may impact credit flow.
PFC provides loan syndication, along with 18 other institutions, mostly banks and Life Insurance Corporation and Hudco, under the Power Lenders' Club.
Bangalore police may seek Interpol help to solve the crime.
The market could be influenced by events elsewhere in the world and regardless of what happens to India's economy
Firm terms lenders' move to appoint monitoring agency 'unwarranted'.
SBI said the crisis in Grece would have little impact on the bank.
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