Chairman Syndicate Bank

Rahul Gaur, the son of real estate group Gaursons' chairman BL Gaur and his wife Navneet, have been charged by the CBI for allegedly cheating the Bank of Baroda and the Syndicate Bank to the tune of Rs 80 crore in the name of a high-end residential complex planned by their firm Brys International Private Limited, officials said on Friday.

The government will by end of November appoint chairman and managing directors of eight public sector banks, where it had scrapped selections made by the previous UPA government.

A court here on Friday extended till September 11 judicial custody of the 11 accused including Syndicate Bank CMD Sudhir Kumar Jain and Bhushan Steel Ltd vice chairman and managing director Neeraj Singal arrested in connection with two separate graft cases.gdp varun

Oriental Bank of Commerce Chairman SL Bansal told NDTV that a government department had remitted Rs 180 crore with the bank, but did not ask for a fixed deposit receipt (FDR) for 20 days. The branch manager allegedly told the depositor that he was negotiating the rate of interest with the top management, Mr Bansal added.

Close on the heels of Syndicate Bank chairman's arrest for alleged graft, Finance Minister Arun Jaitley has said the government will deal with PSU lenders sternly and is scrutinizing recent appointments of bank heads.

The appointment of suspended Syndicate Bank Chairman SK Jain has come under the CBI's scanner even as the initial probe into the bribery scandal indicated that the deal he struck with Prakash Industries was worth about Rs 3.5 crore.

Shares of Bhushan Steel slumped 10 per cent on Friday, extending its selloff for the third consecutive day, after the CBI arrested Neeraj Singal, Vice Chairman and Managing Director of the company, in connection with Rs 50 lakh bribery scandal involving Syndicate Bank.

The Central Bureau of Investigation (CBI) on Thursday arrested Neeraj Singal, vice chairman and managing director of Bhushan Steel Ltd (BSL), in connection with a Rs 50-lakh bribery scandal involving Syndicate Bank CMD S K Jain, according to agency sources.

The Central Bureau of Investigation (CBI) said on Monday it could widen its corruption investigation after the arrest of Sudhir Kumar Jain, chairman of state-run Syndicate Bank Ltd over allegations he was seeking bribes to favour debtors.

The government suspended Syndicate Bank chairman and managing director S K Jain on Monday, two days after the Central Bureau of Investigation (CBI) arrested him for allegedly accepting a bribe of Rs 50 lakh to enhance the credit limit of some companies.

Chairman & Managing Director of Syndicate Bank SK Jain and seven others were on Sunday remanded in CBI custody for four days as the agency plans to probe various other angles into the case that may emerge from the telephonic transcripts of the official and conduits.

The Central Bureau of Investigation (CBI) has arrested chairman and managing director of state-owned Syndicate Bank S K Jain in an alleged bribery case.

The allegation pertains to Mr Jain asking for a bribe to extend credit facilities to certain companies, a Central Bureau of Investigation (CBI) official said.

The CBI has registered a bribery case against S.K. Jain, chairman and managing director of state-owned Syndicate Bank, an official said Saturday.

Total income of the bank rose to Rs 5,523.08 crore as against Rs 4,726.18 crore in the same quarter a year ago, Syndicate Bank chairman and managing director Sudhir Kumar Jain said here.

Rahul Gaur, the son of real estate group Gaursons' chairman BL Gaur and his wife Navneet, have been charged by the CBI for allegedly cheating the Bank of Baroda and the Syndicate Bank to the tune of Rs 80 crore in the name of a high-end residential complex planned by their firm Brys International Private Limited, officials said on Friday.

The government will by end of November appoint chairman and managing directors of eight public sector banks, where it had scrapped selections made by the previous UPA government.

A court here on Friday extended till September 11 judicial custody of the 11 accused including Syndicate Bank CMD Sudhir Kumar Jain and Bhushan Steel Ltd vice chairman and managing director Neeraj Singal arrested in connection with two separate graft cases.gdp varun

Oriental Bank of Commerce Chairman SL Bansal told NDTV that a government department had remitted Rs 180 crore with the bank, but did not ask for a fixed deposit receipt (FDR) for 20 days. The branch manager allegedly told the depositor that he was negotiating the rate of interest with the top management, Mr Bansal added.

Close on the heels of Syndicate Bank chairman's arrest for alleged graft, Finance Minister Arun Jaitley has said the government will deal with PSU lenders sternly and is scrutinizing recent appointments of bank heads.

The appointment of suspended Syndicate Bank Chairman SK Jain has come under the CBI's scanner even as the initial probe into the bribery scandal indicated that the deal he struck with Prakash Industries was worth about Rs 3.5 crore.

Shares of Bhushan Steel slumped 10 per cent on Friday, extending its selloff for the third consecutive day, after the CBI arrested Neeraj Singal, Vice Chairman and Managing Director of the company, in connection with Rs 50 lakh bribery scandal involving Syndicate Bank.

The Central Bureau of Investigation (CBI) on Thursday arrested Neeraj Singal, vice chairman and managing director of Bhushan Steel Ltd (BSL), in connection with a Rs 50-lakh bribery scandal involving Syndicate Bank CMD S K Jain, according to agency sources.

The Central Bureau of Investigation (CBI) said on Monday it could widen its corruption investigation after the arrest of Sudhir Kumar Jain, chairman of state-run Syndicate Bank Ltd over allegations he was seeking bribes to favour debtors.

The government suspended Syndicate Bank chairman and managing director S K Jain on Monday, two days after the Central Bureau of Investigation (CBI) arrested him for allegedly accepting a bribe of Rs 50 lakh to enhance the credit limit of some companies.

Chairman & Managing Director of Syndicate Bank SK Jain and seven others were on Sunday remanded in CBI custody for four days as the agency plans to probe various other angles into the case that may emerge from the telephonic transcripts of the official and conduits.

The Central Bureau of Investigation (CBI) has arrested chairman and managing director of state-owned Syndicate Bank S K Jain in an alleged bribery case.

The allegation pertains to Mr Jain asking for a bribe to extend credit facilities to certain companies, a Central Bureau of Investigation (CBI) official said.

The CBI has registered a bribery case against S.K. Jain, chairman and managing director of state-owned Syndicate Bank, an official said Saturday.

Total income of the bank rose to Rs 5,523.08 crore as against Rs 4,726.18 crore in the same quarter a year ago, Syndicate Bank chairman and managing director Sudhir Kumar Jain said here.