New Delhi, March 13 (IANS) The CBI on Friday interrogated Anil Ambani’s son Jai Anmol Anil Ambani in connection with the Rs 228 crore bank fraud case involving Reliance Home Finance Ltd (RHFL).Jai Anmol Anil Ambani, who is also an accused in the case, was questioned by the investigating officer for around 6.5 hours at the CBI headquarters in the national capital.He has been asked to appear for further examination before the investigating officer on Saturday as well.The CBI, on December 6, 2025…
Latest Union Bank of India News & Updates
New Delhi, March 12 (IANS) The Enforcement Directorate on Thursday said it has attached another lot of properties, worth more than Rs 581 crore, of Anil Ambani group companies Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL).An order was issued on March 11 to attach land parcels in Goa, Kerala, Karnataka, Punjab, Tamil Nadu, Uttar Pradesh, Haryana, Jharkhand, Maharashtra, Delhi, West Bengal, Andhra Pradesh and Rajasthan, the Enforcement Directorate (ED) said in…
Hyderabad, March 6 (IANS) Directorate of Enforcement (ED), Hyderabad Zonal Office has provisionally attached immovable properties valued at Rs 26.86 crore in a bank fraud case of Sowbhagya Ispat India Pvt. Ltd. (SIIPL).The attached properties under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 include residential flats, residential house, and open plots of land.The ED said in a statement on Friday that it had initiated investigation on the basis of FIR registered by CBI, …
New Delhi, Feb 27 (IANS) India’s gross domestic product growth for the third quarter of the current financial year (Q3 FY26) will likely remain elevated at 8.3 per cent, driven by demand fuelled by goods and services tax (GST) rate cut despite an unfavourable base effect, a report has said.The report from Union Bank of India said that gross value added growth for Q3 FY26 likely improved to 8 per cent from 6.5 per cent in Q3 FY25, though it may be marginally slower than the 8.1 per cent recorde…
New Delhi, Feb 27 (IANS) As the new GDP series (with base year 2022–23) is scheduled to be released on Friday, a sub-committee set up by the Ministry of Statistics and Programme Implementation (MoSPI) has also recommended an enhanced use of GST data in the new series for GDP estimates.The report of the sub-committee forms part of the process launched by MoSPI to revise the base year of the National Accounts to FY 2022–23.In the 2011-12 series, GST data were used to compile the Quarterly Nati…
Ahmedabad, Feb 7 (IANS) Adani University emerged as a key academic hub for the IETE West Zone Seminar and IETE Students Forum (ISF) Congress 2026, organised on the theme ‘Trends and Innovation in Aerospace Electronics,’ it was announced on Saturday.The multi-location programme, organised by Delhi-headquartered Institution of Electronics and Telecommunication Engineers (IETE), convened leaders from space, defence, banking and academia across Ahmedabad and Gandhinagar.By hosting the inaugural …
Mumbai, Dec 29 (IANS) Shares of state-owned lender Punjab National Bank on Monday recovered after an earlier fall, after it reported a loan fraud of Rs 2,434 crore last week, allegedly committed by former promoters of SREI Equipment Finance Ltd (SEFL) and SREI Infrastructure Finance Ltd (SIFL).PNB’s shares had fallen as much as 3.1 per cent to Rs 116.6 apiece earlier in the day, but were trading at Rs 120.55, up 0.15 per cent at 11:44 am.The PSU lender reported the loan fraud of Rs 2,434 crore t…
New Delhi, Dec 28 (IANS) The Finance Ministry has directed public sector banks and financial institutions, such as insurance companies, to promptly report vigilance-related matters concerning whole-time Directors on their boards.The directive from the Finance Ministry’s Department of Financial Services (DFS) states that omission of any significant information relevant for decisions relating to appointments, promotions, board-level postings, and placement of whole-time Directors is a matter of …
New Delhi, Dec 27 (IANS) Punjab National Bank (PNB) has declared a Rs 2,434 crore alleged loan fraud by the former promoters of Srei Equipment Finance and Srei Infrastructure Finance.In a late evening exchange filing, the state-run PNB said that “Pursuant to the applicable provisions of SEBI (LODFR) Regulations, 2015 and the Bank’s Policy for determining materiality of events/information required to be reported to the Stock Exchanges, it is hereby informed that the bank has reported borrowal…
Bengaluru, Dec 24 (IANS) The techie, Balamurugan, who allegedly shot dead his wife in full public view, told the police that a divorce notice sent by his wife triggered him to murder her in the Magadi Road area of Bengaluru.The victim, 39-year-old Bhuvaneshwari, an assistant manager with the Union Bank of India, was shot dead by her husband on Tuesday evening.After the incident, the accused surrendered before the Magadi Road police and confessed to the crime, the police said on Wednesday.Balamur…