New Delhi, April 17 (IANS) The Union Government on Friday allowed 15 major banks, including State Bank of India, HDFC Bank, and ICICI Bank, to import gold and silver from April 1, 2026, to March 31, 2029. The Union Bank of India and Sberbank have been authorised to import only gold during this period.The notification has been issued by the Directorate General of Foreign Trade (DGFT).The move is part of the government’s ongoing effort to streamline bullion imports and ensure they are routed thr…
Latest Bank of India News & Updates
Bhopal, April 15 (IANS) The Directorate of Enforcement (ED), Bhopal Zonal Office, has filed a prosecution complaint before a special court under the Prevention of Money Laundering Act (PMLA), 2002, in connection with a bank fraud case involving M/s Excel Vehicles Pvt. Ltd. and its directors, officials said on Wednesday.According to the ED, the complaint was filed on April 13 before the Special Court (PMLA) in Bhopal. Following the issuance of notice, the accused persons appeared before the court…
New Delhi, April 10 (IANS) The Cyber Police Station of Delhi’s South-West district has busted a major nexus involved in fake loan app fraud under Operation Cyhawk 4.0, arresting two more accused and uncovering links to virtual numbers originating from Pakistan and Bangladesh, officials said on Friday.According to police, the latest arrests take the total number of accused held in the case to six. The two newly arrested individuals have been identified as Karan Kumar (24) and Shami Ahmad (27), …
Patna, April 8 (IANS) The Pradhan Mantri Mudra Yojana (PMMY), which completed 11 years today, has helped many small-time entrepreneurs realise their dreams, shaping their journeys. Thousands of success stories have emerged, with beneficiaries crediting the flagship scheme for unlocking their entrepreneurial spirit. One such inspiring story is that of Deepak Kumar, a resident of Pakrar in the Katkamdag block of Jharkhand’s Hazaribagh district, who leveraged this scheme to significantly expand …
Giridih (Jharkhand), April 8 (IANS) The Pradhan Mantri Mudra Yojana (PMMY) is emerging as a strong pillar of support for small entrepreneurs in Jharkhand’s Giridih district, enabling hundreds of people to start their own ventures and move towards financial independence.Under the scheme, collateral-free loans have facilitated the establishment of various small businesses, including retail shops, tailoring units, mineral water plants, e-rickshaws, and street vending enterprises. This has signifi…
Bhopal, April 2 (IANS) A special CBI court in Bhopal has convicted two persons, including a former bank official, and sentenced them to seven years of rigorous imprisonment each in connection with a bank fraud case involving Rs 27 lakh, officials said on Thursday.The convicted persons are Piyush Chaturvedi, then Senior Branch Manager of Bank of India’s Misrod branch in Bhopal, and Mohan Singh Solanki, a private individual, the statement added.In addition to the prison term, the court has impos…
Lucknow, April 1 (IANS) A special Central Bureau of Investigation (CBI) court in Lucknow has sentenced five accused, including a senior bank official, to three years of imprisonment along with a total fine of Rs 3.4 lakh in a bank fraud case linked to Kanpur, officials said on Wednesday.The convicted include Naresh Chander Bhardwaj, then Senior Manager at the Bank of India’s Lal Bangla branch in Kanpur, along with four private individuals — Sadhna Dixit, Ram Ji Shukla, Jitendra Srivastava an…
Bhopal, March 27 (IANS) The Directorate of Enforcement (ED), Bhopal Zonal Office, has provisionally attached immovable properties valued at approximately Rs 12.62 crore under the Prevention of Money Laundering Act (PMLA), 2002. The action is linked to a bank fraud case involving M/s Excel Vehicles Pvt. Ltd. and its directors, Manju Garg and Rishabh Garg. The attached assets include an agricultural land and a commercial plot located in Tehsil Kolar, district Bhopal. The ED’s move follows an inv…
New Delhi, March 20 (IANS) Reliance Group chairman Anil Ambani was interrogated by the CBI here for seven hours on Friday for the second day in a row in connection with the alleged Rs 2,929.05 crore SBI fraud case. The CBI had registered an FIR on August 21, 2025, following a complaint filed by SBI over allegations of fraud to the tune of Rs 2,929.05 crore on the public sector bank, in which Reliance Communications Limited, Anil D. Ambani and others, including unknown public servants, are accuse…
Bhubaneswar, March 19 (IANS) The Economic Offences Wing (EOW) of the Odisha Police has arrested a businessman for his alleged involvement in a multi-crore fraud case related to the embezzlement of District Mineral Foundation Trust (DMFT) funds in Mayurbhanj district, a senior EOW official said on Thursday.The accused, Brajesh Mishra, proprietor of Mishra Enterprises and Mahakal Construction, was apprehended on Tuesday (March 17) from Chhattisgarh in connection with EOW Police Station Case No. 5/…