PMC Bank money laundering case: ED summons Sanjay Raut's wife for questioning on December 29

The Shiv Sena, which is part of Maharashtra's ruling alliance Maha Vikas Aghadi (MVA) along with the NCP and the Congress, had earlier alleged that central probe agencies have been targeting them unfairly.

from Banking/Finance-Industry-Economic Times https://ift.tt/37PAis3

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2021: Banks brace for pandemic-hit corporates' bad loan woes, muted credit growth

Muted private investment impacting the corporate loan growth will be another challenge that banks will have to face in the coming months. Despite ample liquidity in the system, demand from the corporate sector is very low and bankers hope that faster than anticipated recovery could bring in the animal spirit as far as India Inc in concerned.

from Banking/Finance-Industry-Economic Times https://ift.tt/3mLUn6Y

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PNB puts 3 stressed accounts up for sale

The three accounts are Mangalam Oil Industries with outstanding dues of Rs 10.77 crore, Alliance Fibres Ltd (Rs 18.31 crore) and Birsa Institute of Technology (Trust) (Rs 5.41 crore).

from Banking/Finance-Industry-Economic Times https://ift.tt/38J2dJM

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Centrum Microcredit raises $5.55 million from Singapore’s IIX

Centrum Microcredit Ltd, the micro-finance arm of diversified Centrum Group, has raised $5.55 million (about ₹41 crore) debt from Singapore-based imp

from Business Line - Money & Banking https://ift.tt/37Pl4TT

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SEBI names Krishnamurthy as ‘observer’ for Franklin e-voting

Announcement after the start of voting process stirs up controversy

from Business Line - Money & Banking https://ift.tt/3nSujbA

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