Andhra Pradesh faces debt burden of Rs 3.73 lakh crore: CAG
By Surya Desaraju AMARAVATI: The Andhra Pradesh government’s gross debt burden has increased to Rs 3,73,140 crore by the end of November 2020. CAG’s latest accounts revealed that from April to November 2020 alone Rs 73,811.85 crore was borrowed from different sources as against the annual target of Rs 48,295.59 crore for the whole year. […]
SBI complains to CBI after Rs 411 crore loan defaulter flee country
NEW DELHI: Three promoters of Ram Dev International, recently booked by the CBI for allegedly cheating a consortium of six banks to the tune of Rs 411 crore, have already fled the country before the State Bank of India reached the agency with the complaint, officials said on Saturday. The CBI had recently booked the […]
Canara Bank invites bids to sell 30% stake in Can Fin Homes
NEW DELHI: State-owned Canara Bank on Friday invited bids to sell 30 per cent stake in its housing finance subsidiary Can Fin Homes Ltd (CFHL). Bids have been invited through merchant bankers for sale of 3,99,30,365 equity shares of the face value of Rs 2 each, constituting 29.99 per cent, Canara Bank said in a […]
Canara Bank Q4 net loss narrows to Rs 551 crore as bad loans lower
NEW DELHI: State-owned Canara Bank on Friday said its net loss narrowed multi-fold to Rs 551.53 crore for the fourth quarter of fiscal 2018-19, mainly driven by lower provisioning for bad loans. The bank had posted a net loss of Rs 4,859.77 crore during the corresponding January-March period of the preceding fiscal. For the full […]