New Delhi, Feb 25 (IANS) The Centre will launch a Central Bank Digital Currency (CBDC)-based food subsidy distribution pilot project under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) in the Union Territory of Puducherry on Thursday in a major step towards strengthening India’s digital public infrastructure and enhancing transparency in subsidy delivery, according to an official statement.The digital rupee or e-rupee is a tokenised digital version of the Indian rupee, issued by the Res…
Latest Canara Bank News & Updates
Navi Mumbai, Feb 24 (IANS) Mumbai wicketkeeper batter Hardik Tamore’s brilliant knock of 85 went in vain as Route Mobile went down by eight runs in the contest against DTDC in the 20th DY Patil T20 Cup at the University Ground in Nerul, Navi Mumbai on Tuesday. But the talking point of the day was Shreyas Iyer’s golden duck in BPCL’s afternoon encounter against Bank of Baroda.After being asked to bat, DTDC posted 182 for nine in their 20 overs. In their response, Route Mobile fell short by …
Panaji, Feb 12 (IANS) Former Canara Bank officer V.V.N. Sastri and private individual, Yasin K. Sheikh, have been sentenced to one year’s imprisonment and fined a total of Rs 70,000 by a special court in North Goa in connection with a car loan fraud case, officials said on Thursday.The sentence was pronounced by the Special Judge, CBI Court, Merces, North Goa, on February 9, after the duo was convicted in the case on January 30.According to the Central Bureau of Investigation (CBI), the case w…
New Delhi, Feb 11 (IANS) A special PMLA court has declared Amira Pure Foods Private Limited Chairman and Managing Director Karan A. Chanana, and Whole-Time Director Anita Daing as fugitive economic offenders and ordered the confiscation of assets worth Rs 123.85 crore belonging to the accused persons and companies.This declaration has been made under the Fugitive Economic Offenders Act (FEOA), on the basis of an application filed by the Enforcement Directorate’s Gurugram Zonal Office, accordin…
Bhopal/Jabalpur, Jan 30 (IANS) The Enforcement Directorate (ED) said on Friday that it has facilitated the restitution of properties worth around Rs 45 crore in favour of the Canara Bank against three attached properties. “Restitution pertains to the money laundering case against Jagdamba AMW Automotives Private Limited and others, wherein CBI registered a case under Sections 13 of Prevention of Corruption Act and Sections 120 B against its (Jagdamba AMW) Directors Pushpendra Singh, his family m…
Bhubaneswar, Jan 21 (IANS) The Crime Branch of Odisha Police has arrested one accused from Maharashtra in connection with a digital arrest fraud case involving an amount of Rs 62.18 lakhs. The Crime Branch, in a press note issued on Wednesday, further revealed that the victim, a private company employee, on 6 July 2024 received a WhatsApp video call from a mobile number, with the caller claiming to be from Mumbai Tilaknagar Police.The fraudster alleged that an arrest warrant had been issued agai…
Panchkula, Jan 15 (IANS) A Special CBI court in Haryana sentenced four officials of two real estate companies to varying jail terms varying of five to four years, along with penalties, in a case pertaining to fund diversion and bank loan fraud involving Rs 152 crore, an official said.Bishan Bansal and Nanak Chand Tayal, both linked to SRS Real Infrastructure Ltd and SRS Real Estate, have been sentenced to Rigorous Imprisonment (RI) for five years with a fine of Rs 80,000 each, a CBI statement sa…
New Delhi, Dec 25 (IANS) A Special CBI Court, Lucknow, sentenced two persons to five years’ imprisonment with a fine of Rs 12 lakh each for cheating LIC of India of Rs 15.22 lakh in 2003 through fraudulent payments under 20 policies, an official said on Thursday. Braj Kumar Pandey and Manish Kumar Srivastava, colluded with others in the offence and were held guilty of criminal conspiracy by the Special Court, the CBI said in a statement.The Central Bureau of Investigation (CBI) registered the …
New Delhi, Dec 24 (IANS) The Central Bureau of Investigation (CBI) on Wednesday said that it has arrested two bank officials involved in opening of mule accounts in conspiracy with organized cyber criminals and these accounts were later used in fund transfer in cyber frauds.The names of the arrested are- Shalini Sinha, Assistant Manager, Canara Bank and Abhishek Kumar, Business Development Associate, Axis Bank.During the course of investigation of a CBI case registered in connection with the mul…
New Delhi, Dec 24 (IANS) The number of deals in the banking, financial services and insurance (BFSI) space rose threefold in CY 25, a report said on Wednesday.The report from financial services firm Equirus Capital said that the year saw 30 deals compared to 10 deals in 2024, with banks and non‑bank financial companies accounting for mergers, acquisitions and strategic deals worth Rs 42,939 crore.Other BFSI segments recorded deals worth Rs 43,014 crore, it added.The firm highlighted that NBFCs…