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 […]

Mumbai: IDBI to auction Kimaya owners’ 12,000 sq ft Bandra property

MUMBAI: State-run IDBI Bank will auction a 10-bedroom, 12,200 sq ft penthouse in Bandra. The property of Pradeep Hirani was taken over by the bank under Securitisation and Reconstruction of Financial Assets and Enforcement (Sarfaesi) Act last October, after he defaulted on a loan. Hirani owes Rs 30.7 crore, including interest, to the bank, according […]

LIC’s open offer for 26% stake in IDBI Bank to begin from 3 December

NEW DELHI: LIC’s open offer to purchase shares from the minority shareholders of IDBI Bank will kick-start from 3 December, IDBI Bank said on Thursday. The open offer, at Rs 61.73 per equity share, will close on 14 December. LIC has offered to acquire 2,04,15,12,929 equity shares, representing 26% of the fully paid-up equity capital […]

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