How tens of thousands of people lost their hard-earned savings in IMA Jewels scam

IMA invited customers to invest money in multiples of Rs 50,000. They were promised monthly returns of 2-3%, and were told this was the dividend from trading in bullion and jewels.

from Banking/Finance-Industry-Economic Times https://ift.tt/2IZlpqR

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Defaulting educational institutions: Trusts, societies should be brought under IBC, says Indian Bank chief

Public sector Indian Bank on Saturday requested the Insolvency and Bankruptcy Board of India to ensure that trusts and societies are brought under th

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Supreme Court stays payment obligation under option contract in IL&FS Securities case

The obligations in all other contracts have been duly settled in the normal course on the appointed settlement date, NSE Clearing said.

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Syndicate Bank to raise up to ₹ 500 cr this fiscal

State-owned Syndicate Bank said on Saturday it will raise ₹ 500 crore during this fiscal by various means, including QIP or preferential allotment.Th

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Deutsche Bank may cut up to 20,000 jobs in major revamp plan

The bank’s supervisory board to meet on July 7 to discuss extensive overhaul

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