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A case study on Videocon Group of Advances

Videocon gets Rs 3250-cr loan from ICICI Bank, bank CEO’s husband gets sweet deal from Venugopal Dhoot Promoter Venugopal Dhoot forms JV with Chanda Kochhar’s husband, loans Rs 64 crore, then hands him ownership of lending entity for Rs 9 lakh; ICICI Bank declares Videocon account NPA. CASE: In December 2008, Venugopal Dhoot of the Videocon Group set

A case study on Videocon Group of Advances

Videocon gets Rs 3250-cr loan from ICICI Bank, bank CEO’s husband gets sweet deal from Venugopal Dhoot Promoter Venugopal Dhoot forms JV with Chanda Kochhar’s husband, loans Rs 64 crore, then hands him ownership of lending entity for Rs 9 lakh; ICICI Bank declares Videocon account NPA. CASE: In December 2008, Venugopal Dhoot of the Videocon Group set

PSBs TO RATIONALISE OVERSEAS OPERATIONS

Public Sector Banks have now come out with a proposal to rationalise overseas operations, through consolidation of 35 operations and thus close down non viable branches as part of the clean and accountable banking initiatives.  Following are the bodies that would be consolidated: Bank branches Remittance Centres and Representative offices. The proposal will be taken

PSBs TO RATIONALISE OVERSEAS OPERATIONS

Public Sector Banks have now come out with a proposal to rationalise overseas operations, through consolidation of 35 operations and thus close down non viable branches as part of the clean and accountable banking initiatives.  Following are the bodies that would be consolidated: Bank branches Remittance Centres and Representative offices. The proposal will be taken

Another Banking Fraud?????

Yes.. it it true.  The largest State Owned bank in the country the State Bank of India, has come out with a fraud case of Kanishk Gold, a Chennai based jeweller of defrauding 14 banks including the bank in the recent fraud news Punjab National Bank.  The total amount is said to be Rs. 824

Another Banking Fraud?????

Yes.. it it true.  The largest State Owned bank in the country the State Bank of India, has come out with a fraud case of Kanishk Gold, a Chennai based jeweller of defrauding 14 banks including the bank in the recent fraud news Punjab National Bank.  The total amount is said to be Rs. 824

UNFOLDING PNB FRAUD:  A CASE STUDY

There’s a huge “fraud” at Punjab National Bank, which involves lot of people in the net. Let us try to view the entire happening through our thoughts. Few important notes: There is panic amongst public as to what would happen to their deposits to PNB. There is no reason to pull your deposits or money

UNFOLDING PNB FRAUD: A CASE STUDY

There’s a huge “fraud” at Punjab National Bank, which involves lot of people in the net. Let us try to view the entire happening through our thoughts. Few important notes: There is panic amongst public as to what would happen to their deposits to PNB. There is no reason to pull your deposits or money

SBI minimum balance for savings account rule changed from April 1

According to the last notification by the bank, the SBI customers holding savings bank accounts with the bank’s metro and urban branches were required to maintain a monthly balance of Rs 3000 from October 1.  The customers in semi-urban SBI branches were required to maintain Rs 2000 monthly balance and the rural branch customers had

SBI minimum balance for savings account rule changed from April 1

According to the last notification by the bank, the SBI customers holding savings bank accounts with the bank’s metro and urban branches were required to maintain a monthly balance of Rs 3000 from October 1.  The customers in semi-urban SBI branches were required to maintain Rs 2000 monthly balance and the rural branch customers had

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