Bengaluru, June 2 (IANS) The Central Bureau of Investigation (CBI) on Tuesday filed three charge sheets in connection with the alleged misappropriation of funds from the Karnataka Maharishi Valmiki Scheduled Tribes Development Corporation Limited (KMVSTDCL) and two other state government entities, naming former Karnataka Scheduled Tribes Welfare Minister B. Nagendra among the accused. According to the CBI, former Minister and Congress MLA B. Nagendra, his close associate Nekkanti Nagaraj, and Pa…
Latest Indian Overseas Bank News & Updates
New Delhi, May 25 (IANS) The government has shortlisted Coal India Ltd (CIL), Life Insurance Corporation (LIC), the Indian Overseas Bank (IOB), and the Indian Railway Finance Corporation (IRFC) among the public sector enterprises for the sale of shares in the stock market through a phased offer in the first two quarters of FY27, according to a report.The offers for sale will be calibrated with stable market conditions as the government wants to avoid any volatility before it proceeds to offload …
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…
New Delhi, April 8 (IANS) The Reserve Bank of India’s decision to keep the repo rate unchanged at 5.25 per cent will ensure sustainability of the ongoing recovery, ensure credit growth and keep borrowing costs stable, economists and bankers said on Wednesday.The central bank’s decision reflects a balanced and ‘safety-first’ approach, prioritising macroeconomic stability, said Ajay Kumar Srivastava, Managing Director & CEO, Indian Overseas Bank, also lauding RBI’s continued focus on i…
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…