The accused had expressed apprehension that he may contract COVID-19 infection in the Tihar jail. Additional Sessions Judge Sandeep Yadav declined the plea of Singh, who is in jail in a case related to alleged misappropriation of funds at Religare Finvest Limited (RFL). He approached the court praying to be released on an interim bail for two months, on the ground he was down with high fever from April 25 with severe body ache. The accused submitted that since several persons had tested positive for COVID-19 at jail number 8-9 in Tihar, where he was lodged, the possibility of him catching with Covid-19 was very huge as he was 49-years-old and suffering from high blood sugar ailments which had significantly reduced his immunity.
Delhi court junks interim bail plea of ex-Fortis Healthcare Promoter Malvinder Singh in PMLA case
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Last Updated: May 03, 2021, 09:12 PM IST
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Synopsis
Additional Sessions Judge Sandeep Yadav declined the plea of Singh, who is in jail in a case related to alleged misappropriation of funds at Religare Finvest Limited (RFL). He approached the court praying to be released on an interim bail for two months, on the ground he was down with high fever from April 25 with severe body ache.
RFL is a group firm of REL - Religare Enterprises Ltd, which was earlier promoted by Malvinder and his brother Shivinder.
Indian Bank looking to grow corporate loan book: MD
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At the end of the December quarter, the lender’s total advances grew 7% out of which retail loans climbed 12%. Including the investments made through the targeted long term repo operations (TLTRO), the corporate book expanded 7%. Almost 75% of the bank’s exposure is to corporates rated above the investment grade.
The bank is aiming to reach a cost-to-income ratio of 44% by the end of this year and 42% next year.
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Indian Bank is seeking to offer large corporate loans after its merger with Allahabad Bank, with its bigger size giving the merged entity significant unused corporate exposure limits. The bank aims to expand overall credit 12-13% in FY22, aided by healthy growth in both corporate and retail books.