Canara Bank has talked about issues in using loans worth Rs 1,050 crore, sanctioned as credit facilities for the telecom ...

These loans were initially intended for capital expenditure and debt repayment. According to a report in Economic Times, in a letter to Reliance Communications dated November 5, Canara Bank stated ...

In November 2024, Canara Bank ... loan account with them had been classified as “fraudulent” because it had allegedly sanctioned several credit facilities like term loans, guarantees, and ...

Canara Bank alleged that RP Infosystems Ltd had availed loans on the basis of false and fabricated stock and debtors’ statements. It also alleged that Letters of Credit issued by various member ...

filed charges on Monday against a former chairman of state-run Canara Bank and others over allegations that the officials helped a company defraud the bank of about $10.5 million taken in loans ...

Mumbai: The Enforcement Directorate (ED) late Friday arrested Jet Airways founder Naresh Goyal in a money-laundering case linked to a Rs 539-crore Canara Bank loan fraud being probed by the CBI.

Murugan had retired on November 30, 2014, and had been consistently paying his loan EMIs from a portion of his pension. However, starting in July 2024, Canara Bank began deducting his entire ...

These loans were initially intended for capital expenditure and debt repayment. What does Canara Bank's "fraud letter" to Reliance Communications says According to a report in Economic Times ...