union bank of india

Financial Services Institutions Bureau (FSIB) has recommended former managing director Rajkiran Rai G as the head of the newly set-up Rs 20,000-crore NaBFID. The headhunter for state-owned banks and financial institutions selected the…

A CBI probe into the country's biggest banking fraud scam allegedly committed by DHFL is looking into the links of certain suspects with the underworld, especially Pakistan-based gangster Chota Shakeel, officials said on Saturday. The…

The Central Bureau of Investigation (CBI) on Friday questioned Ajay Nawandar, allegedly an associate of fugitive criminal Dawood Ibrahim's trusted aide Chhota Shakeel, in connection with its probe into an estimated ₹34,615 crore loss…

A fresh instance of an alleged underworld link between the Dawood gang and erstwhile promoters of DHFL has come to light with the Central Bureau of Investigation (CBI) Friday questioning Ajay Nawandar in connection with its probe into…

The State Goods and Services Tax (GST) Enforcement Wing of Odisha has unearthed a network of 24 fictitious firms generating fake invoices without the supply of goods and passing fake Input Tax Credit () to multiple beneficiaries. As per…

Frauds in the banking sector involving sums of over Rs 100 crore have declined significantly, with banks reporting cases worth Rs 41,000 crore in 2021-22 compared to Rs 1.05 lakh crore in the previous year. According to official data,…

NEW DELHI: The Finance Ministry has asked public sector banks to explore fintech partnerships and co-lending opportunities to expand their business. In the recently concluded performance review of PSBs by the Finance Ministry, sources…

HDFC bank, and are among nearly a dozen top lenders the central bank is engaging with to run a blockchain-based pilot project centred on trade financing. If successful, it could help prevent loan frauds by the likes of Nirav Modi and…

NEW DELHI: The CBI has booked Dewan Housing Finance Ltd, its former CMD Kapil Wadhawan, director Dheeraj Wadhawanand others for bank fraud of Rs 34,615 crore, making it the biggest such case probed by the agency, officials said…

The CBI has booked Dewan Housing Finance Ltd, its former CMD Kapil Wadhawan, director Dheeraj Wadhawan and others for bank fraud of Rs 34,615 crore, making it the biggest such case probed by the agency, officials said Wednesday.…