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RBI Approves SBI Mutual Fund’s 9.99% Stake Acquisition in Bandhan Bank
Kolkata, February 26: The Reserve Bank of India has approved a proposal by SBI Mutual Fund to acquire an aggregate holding of up to 9.99 per cent in Bandhan Bank, according to a regulatory filing made on Thursday.Bandhan Bank informed the stock exchanges that the central bank, through a...- Karthik
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- bandhan bank banking regulation act equity investments financial regulations foreign exchange management act nse rbi (commercial banks acquisition) regulatory filings reserve bank of india sbi mutual fund securities and exchange board of india shareholding limits stock exchange
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Haryana Government Bars IDFC First Bank and AU Small Finance Bank After Rs 590 Crore Fraud Disclosure
Immediate Ban on Government Transactions in Haryana Haryana Government has removed IDFC First Bank and AU Small Finance Bank from handling all government business in the state with immediate effect, following the disclosure of an alleged fraud of around Rs 590 crore.In an official circular...- Karthik
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- account closure account reconciliation au small finance bank bank investigations chandigarh branch financial loss financial transactions fixed deposits forensic audit government fraud haryana government idfc first bank recovery efforts regulatory filings suspended officials
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- Forum: Business
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IDFC First Bank Reports ₹590 Crore Fraud Linked to Haryana Government Accounts at Chandigarh Branch
Mumbai, February 22: IDFC First Bank on Sunday disclosed a fraud of ₹590 crore involving accounts held by the Haryana government at one of its branches in Chandigarh, triggering regulatory reporting, a police complaint, and an internal probe.Fraud Detected During Account Closure and Balance...