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BusinessToday.In
New Delhi, June 21, 2018
The ED has said that Mallya is liable for three to seven years of rigorous imprisonment and up to Rs five lakh in fines for cheating over Rs 9,990 crore and laundering the proceeds of crime.


BusinessToday.In
June 21, 2018
The Bank of Maharashtra officials have been accused by the Pune EOW of colluding with the DS Kulkarni Group by entering fraudulent transactions and sanctioning loans that were later siphoned off.


BusinessToday.In
New Delhi, June 21, 2018
The case in question was being fought between SBI Cards & Payments Services Pvt Ltd and Rohidas Jadhav. Jadhav, who had pending credit card dues, was ordered in 2011 to repay the amount along with 8 per cent interest.


PTI
New Delhi, June 20, 2018
He has been appointed in place of incumbent Mahesh Kumar Jain who was recently named Deputy Governor of the Reserve Bank of India.


Mail Today Bureau
Lucknow, June 20, 2018
The clearance will enable the Baba Ramdev-led company to meet the Centre's June 30 deadline to complete the acquisition of land, for the final approval to set up the food park


Mail Today Bureau
New Delhi, June 20, 2018
The agency further charged Mallya with diverting Rs 255 crore to the UK and from there transferring it into the account of his Formula 1 team. IN 2008, Mallya diverted Rs15.9 crore of the loan money from KAL account into the account of RCB.


BusinessToday.In
New Delhi, June 19, 2018
Bakhshi will hold the post of ICICI Bank COO for a period of five years. He will be responsible for all the business and corporate centre functions of the bank during his tenure as COO.


BusinessToday.In
June 19, 2018
Even as media reports continue speculation around the future of the top post at the bank, we look at how the stock has moved during all the major developments since Kochhar took charge in 2009.


BusinessToday.In
New Delhi, June 19, 2018
The ED also alleged that Mallya and other airline officials \"hatched a criminal conspiracy for obtaining/sanctioning of bank loan to Ms KAL in gross violations of established procedures and the firm had no intention for repayment of the loan\".


BusinessToday.In
New Delhi, June 18, 2018
In its regulatory filing, ICICI Bank has also established that Kochhar will continue to hold the position of chief executive in the organisation.


BusinessToday.In
June 18, 2018
NCLT's only success stories so far have seen banks taking a significant hair-cut and settling for recovery of Rs 50,000 crore.


BusinessToday.In
June 18, 2018
At 12:12 pm, the stock was trading 3.67% or 10 points higher at 292 level on BSE. The stock which opened at 284.95 hit an intra day high of 293 level and low of 283.50 level.  The stock is the top Sensex gainer today. Its market capitalisation rose to Rs 1,88,157 crore.


BusinessToday.In
June 18, 2018
ICICI Bank recently roped in former Supreme Court Judge B N Srikrishna to probe the allegations of quid pro quo and conflict of interest levelled against Chanda Kochhar by whistleblower Arvind Gupta.


PTI
June 17, 2018
The major defaulters included Kudos Chemie - Rs 1,301.82 crore; Kingfisher Airlines Rs 597.44 crore; BBF Industries Rs 100.99 crore; ICSA (India) Ltd Rs 134.76 crore; Arvind Remedies Rs 158.16 crore and Indu Projects Ltd Rs 102.83 crore.


Virendrasingh Ghunawat
June 16, 2018
Earlier, ICICI Bank had said that it would initiate an enquiry into the allegations of quid pro quo and conflict of interest levelled against Chanda Kochhar by whistleblower Arvind Gupta.


BusinessToday.In
New Delhi, June 15, 2018
JAL has pleaded in the apex court that it wants to revive the debt-ridden subsidiary Jaypee Infra, which will also be in the interest of homebuyers.


BusinessToday.In
New Delhi, June 15, 2018
Of the total NPA write-offs in 2017-18, India's biggest public sector bank SBI alone wrote-off around 25 per cent of the total bad loans at Rs 40,196 crore.


PTI
June 15, 2018
Global ratings agency Fitch today said ICICI Bank and Axis Bank have \"gaps\" in their risk control mechanisms and has revised down its outlook on the latter to negative on sour assets worries.


PTI
June 15, 2018
The government is committed to provide appropriate liquidity and financial resources to Air India, Union Minister Jayant Sinha said today amid delay in payment of salaries at the airline and uncertainty over its divestment plans.


BusinessToday.In
New Delhi, June 14, 2018
Private lender ICICI Bank has dragged infrastructure major Punj Lloyd to National Company Law Tribunal (NCLT) seeking insolvency proceedings against the company under Insolvency and Bankruptcy Code (IBC).


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