New Delhi, July 25 (IANS) AU Small Finance Bank on Saturday reported a 4.3 per cent sequential decline in its net profit for the first quarter (Q1) of FY27, according to the bank’s filing.However, on a year-on-year basis, the bank’s net profit rose 37 per cent, supported by strong growth in net interest income (NII).The bank’s net profit stood at Rs 795.95 crore (Rs 79,595.29 lakh) in the April-June quarter, compared with Rs 831.87 crore (Rs 83,186.95 lakh) in the preceding January-March quarter…
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Chandigarh, July 8 (IANS) The Central Bureau of Investigation (CBI) has arrested two officials of the Haryana Labour Welfare Board (HLWB) in connection with the alleged misappropriation of government funds from the Board’s account maintained with the Sector-32 branch of IDFC First Bank in Chandigarh, an official statement said on Wednesday.The arrested officials have been identified as Accounts Officer Jugal Kishor and contractual Accountant Amit Kumar.The case was taken over by the CBI on a ref…
New Delhi, July 2 (IANS) The Central Bureau of Investigation (CBI) arrested the then senior accounts officer of the Haryana State Pollution Control Board (HSPCB) in connection with the misappropriation of government funds from the Board’s account maintained with the Sector 32, Chandigarh branch of IDFC First Bank. Parveen Kumar was arrested after the investigation revealed that the bank account used for wrongdoings was opened by him in a clandestine manner, without any record or approval in th…
Chandigarh, June 30 (IANS) The CBI arrested Pardeep Kumar, IAS, former Member Secretary of Haryana State Pollution Control Board (HSPCB), in connection with the misappropriation of Rs 169 crore in government funds from the IDFC First Bank branch in Sector-32 here, an official said on Tuesday. An investigation by the Central Bureau of Investigation (CBI) revealed that the actions of Pardeep Kumar, as Member Secretary, had a direct nexus with the fraud, according to an official statement.Before th…
Mumbai, June 23 (IANS) The Reserve Bank of India (RBI) on Tuesday issued clarifications on the operational aspects of Foreign Currency Non-Resident Bank (FCNR-B) deposits, addressing queries raised by banks regarding the mobilisation of such deposits and related lending activities. The clarification is expected to encourage greater inflows through the FCNR-B route, which could provide support to the rupee in the near term.According to a document released by the central bank, all Indian banks, in…
Chandigarh, June 23 (IANS) The Central Bureau of Investigation (CBI) has arrested senior Indian Administrative Service (IAS) officer Pankaj Aggarwal in connection with the misappropriation of government funds deposited with the Chandigarh branch of IDFC First Bank. This was the second arrest of an IAS officer in the case. Aggarwal, who is blamed for fund embezzlement of the Haryana School Shiksha Pariyojna Parishad and the Haryana State Agriculture Marketing Board, will be produced before the co…
Bhubaneswar, June 9 (IANS) The Crime Branch of Odisha Police has apprehended two accused from Delhi and Uttarakhand for their alleged involvement in a Rs 1.38-crore “digital arrest” cyber fraud case targeting a Bhubaneswar-based victim, said a senior Crime Branch official on Tuesday. The case was registered following a complaint filed by a Bhubaneswar resident who was duped by fraudsters posing as Mumbai Cyber Crime officials. The accused allegedly informed the victim that his Aadhaar number…
Panchkula, May 21 (IANS) The Central Bureau of Investigation (CBI) on Thursday filed a charge sheet in a Special Court against 15 accused, including three public servants and six bank officials of IDFC First Bank and AU Small Finance Bank, in the case related to misappropriation of Rs 504 crore belonging to the Haryana government. “The charge sheet filed in the Special CBI Court in Panchkula invoked penal provisions of criminal conspiracy, criminal breach of trust, cheating, forgery, destruction…
Chandigarh, May 15 (IANS) The Central Bureau of Investigation (CBI) conducted searches at multiple locations in Chandigarh and Panchkula, in connection with the Haryana IDFC First Bank/AU Small Finance bank scam on Thursday, to trace “the routing and siphoning of ill-gotten money” from the large-scale embezzlement of funds, an official statement said on Friday.Searches were conducted at 7 locations, including residential premises, business establishments/showrooms of jewellers, premises of s…
Hyderabad, April 19 (IANS) The Hyderabad City Police have dismantled a pan-India cyber fraud network with the arrest of 52 accused, including 32 bank officials in nine states. Hyderabad Police Commissioner V. C. Sajjanar said on Sunday that a major operation titled Operation Octopus 2.0 was launched to dismantle an organised cyber fraud network.Sixteen special teams comprising seasoned investigators conducted the operation simultaneously across nine states over a span of seven days.The Commissio…