union bank of india

New Delhi, April 3 – The Central Bureau of Investigation (CBI) arrested a proclaimed offender and businessman from Rajouri Garden in west Delhi on Friday in connection with a Rs 41 lakh fraud involving a Noida-based bank in 2008, an official said.After the arrest, Davinder Pal Singh was...

Mumbai, March 19 The Bombay High Court has criticized the misuse of provisions of the Insolvency and Bankruptcy Code (IBC) by loan defaulters and guarantors to "gain immunity" by imposing a moratorium, and said this practice has the potential to negatively impact the country's economy.A bench...

New Delhi, March 16 State-owned Union Bank of India said on Monday that its board has approved a proposal to raise ₹20,000 crore by issuing infrastructure bonds to fund various projects.The committee of Directors for fund raising (Non-Capital) has approved the issuance of long-term bonds...

New Delhi, March 14 The CBI questioned Jai Anmol Ambani, the son of Anil Ambani, for nearly five hours on Saturday for the second consecutive day in connection with an alleged fraud involving Union Bank of India, officials said.Jai Anmol Ambani, the former director of Reliance Home Finance...

New Delhi, March 13 The CBI questioned Anil Ambani's son, Jai Anmol Ambani, for nearly six and a half hours on Friday in connection with a Rs 228-crore fraud case involving the Union Bank of India, officials said.Jai Anmol, the former director of Reliance Home Finance Limited (RHFL), has been...

New Delhi, March 13 – The CBI questioned Jai Anmol Anil Ambani, son of Anil Ambani, on Friday in connection with the Rs 228 crore bank fraud case involving Reliance Home Finance Ltd (RHFL).Jai Anmol Anil Ambani, who is also an accused in the case, was questioned by the investigating officer...

New Delhi, March 13 CBI questioned Anil Ambani's son, Jai Anmol Ambani, on Friday in connection with a Rs 228-crore fraud case involving Union Bank of India, officials said.Jai Anmol Ambani has been summoned again on Saturday for questioning, they said.The agency questioned him in connection...

Mumbai, March 12 A special court on Thursday dropped corruption charges in the multi-crore fraud case against Guruashish Construction Pvt Ltd and its directors Rakesh and Sarang Wadhawan after the CBI concluded that no public servants were involved in the graft linked to the offense.The...

New Delhi, March 12 – The Enforcement Directorate said on Thursday that it has attached another group of properties, worth more than ₹581 crore, belonging to Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL), both part of the Anil Ambani group.An order was...

New Delhi, March 12 The Enforcement Directorate said on Thursday that it has attached fresh assets worth more than ₹581 crore as part of its investigation against RHFL and RCFL, companies of Reliance Group Chairman Anil Ambani.A provisional order was issued under the Prevention of Money...

Hyderabad, March 6 – The Directorate of Enforcement (ED), Hyderabad Zonal Office, has provisionally attached immovable properties worth Rs 26.86 crore in a bank fraud case involving Sowbhagya Ispat India Pvt. Ltd. (SIIPL).The properties, attached under the provisions of the Prevention of Money...

Mumbai, February 16 State-owned Union Bank of India launched two new collateral-free export credit schemes on Monday to help businesses meet their working capital needs.Entities can obtain financing up to ₹80 crore through the two schemes, named "Union Niryat Sugam" and "Union Niryat Protsahan...