Economic recovery key to limiting Indian banks' loan losses: Fitch

Oct 06, 2020

Mumbai (Maharashtra), October 6 : Indian banks face a tough operating environment in the near term as stressed loans and write-offs increase as a...

ADB, India sign USD 100 million loan for agribusiness development in Maharashtra

Oct 27, 2021

New Delhi [India], October 28 : The Asian Development Bank (ADB) and the Government of India on Wednesday signed a USD 100 million loan...

ED attaches assets worth Rs 367 crore of Bhushan Steel Limited in money laundering case

Mar 08, 2024

The Directorate of Enforcement (ED) has attached movable and immovable properties of Bhushan Steel Limited worth around Rs 367 crore under the provisions of...

ED arrests two directors of multi-national rice company in bank fraud case

Oct 10, 2024

The Enforcement Directorate (ED) has arrested two directors of Amira Pure Foods Pvt. Ltd. (APFPL) under the provisions of the Prevention of Money Laundering...

Centre defends provisions of PMLA act, petitioners question provisions of summoning

Nov 22, 2023

The Centre on Wednesday defended the provisions of the Prevention of Money Laundering Act before the Supreme Court and informed the top court that...

ED attaches assets worth Rs 57.23 cr of Kemrock Industries's MD in loan fraud case

Feb 11, 2022

New Delhi [India], February 11 : The Enforcement Directorate has provisionally attached assets valued at approximately Rs 57.23 crores in case of loan fraud...