Karnataka Bank reports frauds of ₹160.35 cr in 2 cases

The bank said both these accounts were classified as NPA and have been fully provided for

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Karnataka Bank declares loan over Rs 160 crore to Reliance Home, Reliance Commercial as fraud

The lender said it has been dealing with Reliance Home Finance since 2015 and with Reliance Commercial Finance since 2014.

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Mumbai-based NBFC Authum Investment wins Reliance Home with more than 90% votes

Saturday was the last date for the voting which started on May 31 and creditors which included private and public sector banks and bondholders selected Authum to take over the company.

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HDFC Bank to buy stake worth over Rs 1,906 crore in group's general insurer from parent

The purchase is to happen at a price determined on an independent evaluation report, subject to receipt of necessary approvals including regulatory approvals and approval from shareholders of the bank, a statement said.

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Srei Equipment Finance gets Rs 2,000 cr investment proposal from US-based Arena-led consortium

"The strategic coordination committee, chaired by an independent director, will evaluate the said offer and make recommendation of the board to the company," SEFL said.

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