Tag: #Union Bank of India

SC rejects request to initiate insolvency proceedings for the whole Supertech group.

May 12, 2023

NEW DELHI: The Supreme Court ordered on Thursday in its interim order that only one of Real estate giant Supertech’s projects—Eco Village 2 in Greater Noida West—would be dealt with under the Insolvency and Bankruptcy Code (IBC), noting that doing so would “cause immense hardship” and “uncertainty” to homebuyers. A bench of Justices Dinesh Maheshwari […]

SC rejects request to initiate insolvency proceedings for the whole Supertech group.more

In the DHFL case, the ED searched the premises of Orbit Ventures and others.

October 7, 2022

MUMBAI: In a money laundering case related to the DHFL loan fraud case, the Enforcement Directorate (ED) searched six premises on Thursday, including Rajen Dhruv’s Orbit Ventures. Kapil Wadhawan and his brother Dheeraj Wadhawan aka Baba Dewan, both former DHFL promoters, are accused of diverting a portion of the fraud money to Orbit Ventures in […]

In the DHFL case, the ED searched the premises of Orbit Ventures and others.more

SBI announces MCLR deduction by 15 bps across various tenors.

March 11, 2020

On Wednesday, the nation’s largest lender State Bank of India (SBI), said that its marginal cost of fund-based lending rate (MCLR) has been reduced by up to 15 basis points across different tenors, effective March 10. The Bank’s one-year MCLR decreased from 7.85 per cent earlier by 10 basis points to 7.75%, said the SBI. […]

SBI announces MCLR deduction by 15 bps across various tenors.more

DHFL write-offs will hit Indian Banks by Rs 36,000 crore.

November 22, 2019

India’s sudden takeover of a struggling Indian shadow bank will not stop its lenders’ troubles, faced with the risk of significant write-offs if a fraudulent account is reported to Dewan Housing Finance Corp. If the KPMG report absolves Dewan of irregular lending, then only around Rs 5,500 crore of provisions would be needed. Dewan has […]

DHFL write-offs will hit Indian Banks by Rs 36,000 crore.more

Tag: #Union Bank of India

SC rejects request to initiate insolvency proceedings for the whole Supertech group.

In the DHFL case, the ED searched the premises of Orbit Ventures and others.

SBI announces MCLR deduction by 15 bps across various tenors.

DHFL write-offs will hit Indian Banks by Rs 36,000 crore.

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