Last Updated : Jul 17 2019 9:51AM     Screen Reader Access
News Highlights
SC to pronounce its verdict in K'taka rebel MLAs resignation case on July 17            Flood situation worsens in Bihar, improves in Assam            ICJ to deliver verdict on Kulbhushan Jadhav case today            Indian entries bag six awards at SAARC Film Festival            Four Indians shuttlers to begin their Indonesia Open's singles campaign today           

National News

Feb 27, 2018

Probe NPAs above Rs 50 crore, report fraud to CBI: Finance Ministry to PSBs

Finance Ministry today directed Public Sector Banks (PSBs) to probe all NPA accounts of over Rs 50 crore for possible fraud and accordingly report the cases to CBI. 

In a tweet, Financial Services Secretary Rajiv Kumar said the managing directors of PSBs have been directed to detect bank frauds and refer cases to the CBI. 

He said the PSBs have also been asked to involve Enforcement Directorate and  Directorate of Revenue Intelligence for violations of PMLA, FEMA or Export-Import norms.

The direction comes amid state-owned lender PNB reporting 12,700 crore rupees fraud through alleged fraudulent misuse of letters of an undertaking by jeweller Nirav Modi and associates. Other PSBs too have approached investigating agencies as borrowers have not returned loans.

The Ministry has also asked the banks, with combined gross NPAs of about 8.5 lakh crore rupees, to go in for prompt fraud identification and take action within prescribed deadlines.

Mr. Kumar said banks will also have to seek borrower status report from Central Economic Intelligence Bureau (CEIB) on the account turning NPA and CEIB will have to revert in a week.

Live Twitter Feed

Listen News

Morning News 17 (Jul) Midday News 16 (Jul) News at Nine 16 (Jul) Hourly 17 (Jul) (0905hrs)
समाचार प्रभात 17 (Jul) दोपहर समाचार 16 (Jul) समाचार संध्या 16 (Jul) प्रति घंटा समाचार 17 (Jul) (0900hrs)
Khabarnama (Mor) 17 (Jul) Khabrein(Day) 16 (Jul) Khabrein(Eve) 16 (Jul)
Aaj Savere 17 (Jul) Parikrama 16 (Jul) Lok Ruchi Samachar 14 (Jul)

Listen Programs

Market Mantra 16 (Jul) Samayki 16 (Jul) Sports Scan 16 (Jul) Spotlight/News Analysis 16 (Jul) Samachar Darshan 14 (Jul) Radio Newsreel 16 (Jul)
    Public Speak

    Country wide 11 (Jul) Surkhiyon Mein 11 (Jul) Charcha Ka Vishai Ha 10 (Jul) Vaad-Samvaad 16 (Jul) Money Talk 16 (Jul) Current Affairs 12 (Jul)