Tag Archives: SBI

Case Registered against Abhay Lodha Topworth Mumbai based Company for Defrauding SBI of Rs 56.81 Crore

abhay lodha topworth, sbi fraud, sbi scam

The CBI on Tuesday said it had registered cases against three Mumbai companies, SBI officials and unidentified persons on the charge of defrauding the bank to the extent of Rs 136.93 crore.

CBI filed three cases against the Topworth group of companies and its director Abhay Narendra Lodha, Mahee Marketing Pvt Ltd and its directors Gajendra Sandim and Hemant Sanghvi and Harsh Steel Trade Pvt Ltd and its director Chetan Jitendra Mehta.

It also named former officials of SBI, including then AGM (additional general manager) Thyagaraju Inamanamelluri and then deputy managers Vilas Narhar and Sadanand Girkar in its first information report (FIR).

Finance Ministry Expects Six Banks to Raise Funds via FPO as Market Improves

Stock costs recuperating, the Finance Ministry will poke no less than six open segment banks to hit markets to raise subsidizes and facilitate the weight on the exchequer of pumping in capital according to the Indradhanush arrange.

Dip in Cash Withdrawal despite No Limits, Few ATMs Still Out of Low Denomination Notes

In spite of no restrictions, money withdrawals haven’t grabbed in the economy, says a report by the State Bank of India (SBI).

Sensex tanks 546 points on global sell-off over Fed rate concern

Market benchmark Sensex nosedived by almost 546 points to 28,251.31, while Nifty broke below the 8,700-level in the opening trade on Monday on heavy selling after revived speculation about a possible U.S. rate hike.

Moreover, the rupee depreciating by 25 paise to 66.93 against the dollar in opening trade at the forex market also had a bearing on the sentiment.