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Covid may not have serious impact: Rajkiran Rai, Union Bank CEO
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This time the disruption is short. We started opening up in June, so April and May should not matter to business, but it depends on how long it takes to come back. If businesses take three months, it will have an impact but if we can get back to normal in June-end or July, things can recover quickly.
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Today, I have ₹80,000 crore in cases at the NCLT with a provision cover at 97%, which means the scope to write back is much higher.
After its merger with Corporation Bank and Andhra Bank,
The Central Bureau of Investigation (CBI) on Friday carried out searches at six locations in Mumbai after registering a case of bank fraud worth Rs 134 crore against Gujarat-based Associate High Pressure Technologies Pvt Ltd and its directors.
The Central Bureau of Investigation (CBI) has arrested a Recovery Agent of the Union Bank of India working at its Main Branch in Aurangabad in connection with a bribery case vide bearer cheques, an official said here on Thursday.
CBI files case against firm for cheating bank
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Five Core Electronics Limited, others accused of cheating Union Bank of India of ₹51.92 crore.
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Five Core Electronics Limited, others accused of cheating Union Bank of India of ₹51.92 crore.
The Central Bureau of Investigation has registered a case against Five Core Electronics Limited and others for allegedly cheating the Union Bank of India of ₹51.92 crore.
Key accused are suspected to have left the country.
Amarjeet Singh Kalra, his father Surinder Singh Kalra, Jagjeet Kaur Kalra and Surinder Kaur Kalra have been named as accused in the First Information Report. The company was into manufacture of electronic valves and tubes, and export of electronics and electrical goods.