CBI started questioning of Kothari at its HQs here in connection with alleged loan default of Rs 3,695 crore towards a consortium of 7 nationalised banks, officials said.
CBI said it has registered a case against pen maker Rotomac Global and officials of various banks in connection with an alleged 29.19 billion rupees loan scam.
Shares of UCO Bank plunged 11.26 per cent, those of Union Bank of India - 10.94 per cent, Allahabad Bank - 10.77 per cent and Bank of Baroda - 9.28 per cent.
As investigations into the Rs 11,400 cr scam at PNB, officials at overseas branches of other banks, where the fraudulently issued LoUs were encashed, are under scanner.
Bank of Baroda Ltd said on Friday its third-quarter net profit plunged nearly 56 percent, as provisions for bad loans nearly doubled.
Bank of Baroda said its board will meet on Feb 9 to decide on allotment of shares on a preferential basis to the government in lieu of a capital infusion of Rs 5,375 cr.
The finance ministry has asked PSBs to look at rationalising their domestic and overseas branches as part of the reform process to strengthen their financials.
NCP leader Praful Patel questioned the Narendra Modi government as to why the Vadodara airport was not being named after Vadodara erstwhile ruler late Sayajirao Gaekwad.
As many as 8 PSBs have decided to raise capital from the market within 4 months as part of the Rs 2.11 lakh crore recapitalisation plan, according to official sources.
LIC has offloaded over 2 percent stake in Bank of Baroda in an open market sale during the last 2 months.
Joint venture partner is exploring stake in Max Healthcare
Life Healthcare Group Holdings Ltd Has Initiated Preliminary Discussions With Max India, Company‘s Joint Venture Partner In Max Healthcare Institute
Talks Explore Possibility Of Max India Acquiring Life Healthcare‘S Equity Interest In Max Healthcare Institute Limited
Board approves amalgamation of Co with IDFC Bank Ltd
National Housing Bank has intimated that it has no objection for the amalgamation
Board approves purchase of entire shareholding held by Usha International
To pay a consideration of Rs 24.83cr which will be paid over 12 months
EROS INTERNATIONAL , RIL
In Pact with Eros India to Set-Up $150 Mn Fund to consolidate content
RIL, Through Unit, agreed to subscribe to 5% stake in NYSE Listed Eros
RIL, Co agreed to partner in india to jointly produce, consolidate content
Jyoti Deshpande to head RIL's Media & Entertainment Business