Investigation launched into alleged collusion between builders and multiple banks, including UCO Bank, State Bank of India, Bank of India, and ICICI Bank, following Supreme Court oversight.

1 report, 1 independent Updated Sep 1

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What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

supreme court UCO Bank Bank of India State Bank of India ICICI Bank

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Part of

The Supreme Court directed various banks, including UCO Bank, State Bank of India, and Bank of India, to promptly grant prosecution sanction regarding alleged banking fraud. All 1 developments

Within A Public Interest Litigation (PIL) has been filed before the Supreme Court seeking an investigation into alleged banking fraud, citing forensic audit findings.

The entities involved

supreme court
highest court in a jurisdiction
- Supreme Court declined to review lower court decision.Mon 17:24
- A petition has been filed concerning alleged violations of statutory duties related to the Chief Election Commissioner's role in the election process in West Bengal.Mon 15:44
UCO Bank
Indian government-owned commercial bank
- CBI investigates bank frauds that occurred in Chandigarh, linked to a funds misappropriation case in Haryana.Mon 04:34
Bank of India
Public sector bank in India

Nothing else this week.
State Bank of India
Indian public sector bank and financial services organization
- Morgan Stanley, Bank of Baroda, and State Bank of India are selling shares in the NSE public offering.Mon 16:42
- Government directs public sector banks to remain open, and RBI grants approval for full operational status.Mon 00:37

Coverage

Newest first; wire copies grouped

Sep 1indiatimes.com