SYNDICATE BANK

  • Modi government sacks CMDs of 6 PSU banks after finding irregularities, scraps selection process October 28, 2014

    New Delhi: The Narendra Modi government has sacked the heads of six Public Sector Unit banks. The move comes after the Chairman of Syndicate Bank was arrested on bribery charges in August. A high-level panel report submitted to the government stated that there were irregularities in the selection process of the...
  • Syndicate Bank bribery case: Court grants bail to 3 accused September 27, 2014

    New Delhi: A Delhi court on Saturday granted bail to Bhushan Steel Ltd Vice Chairman and Managing Director Neeraj Singal, CMD of Prakash Industries Limited Ved Prakash Agarwal and one other accused, arrested in connection with the Syndicate Bank bribery case. Special CBI judge Swarana Kanta Sharma enlarged Singal, Agarwal...
  • Syndicate Bank bribery case: Accused in judicial remand September 24, 2014

    New Delhi: A special court on Wednesday remanded in judicial custody till September 30 Syndicate Bank's suspended CMD SK Jain, Bhushan Steel Ltd Vice Chairman and Managing Director Neeraj Singal and others, who have been arrested in a bribery case. Special CBI judge Swarana Kanta Sharma sent the accused to six...
  • Syndicate Bank MD sent to police custody till Tuesday September 22, 2014

    New Delhi: A court here on Monday remanded Syndicate Bank chairmancummanaging director SK Jain and another accused to police custody till Tuesday after the CBI said the duo are required to be confronted with another coaccused in the case. Central Bureau of Investigation (CBI) Special Judge Swarna Kanta Sharma remanded Jain...
  • Raghuram Rajan bats for more freedom to staterun banks September 15, 2014

    Mumbai: Batting for greater autonomy to staterun lenders, RBI Governor Raghuram Rajan on Monday said that the government should look at them as truly "independent entities" that take their own commercial decisions and not as an extended arm of the administration. He also said that while it was fine for the...
  • Syndicate Bank fraud case: ED attaches Rs 12 crore assets September 6, 2014

    Chennai: The Enforcement Directorate has attached eight immovable properties consisting of about 80 residential units at several neighbourhoods here worth Rs 12 crore as a followup in a bank fraud case. The properties had been purchased by one Kumar alias Vijayakumar by obtaining several loans, including housing and...
  • Syndicate Bank bribery case: Accused sent to JC till September 11 August 29, 2014

    New Delhi: A court on Friday extended till September 11 the judicial custody of 11 accused, including Syndicate Bank Chief Managing Director (CMD) Sudhir Kumar Jain and Bhushan Steel Ltd Vice Chairman and Managing Director Neeraj Singal arrested in connection with two separate graft cases. "It is stated by the IO...
  • Syndicate Bank case: Court orders proclamation proceedings August 22, 2014

    New Delhi: A special CBI court on Friday ordered issuance of process for the presence in court of alleged middleman Purushotam Totlani, who is evading arrest in connection with the Syndicate bank bribery case. Special CBI Judge Swarana Kanta Sharma observed that the accused was "concealing himself" and despite issuance of...
  • Syndicate Bank bribery case: Court dismisses bail pleas of two August 21, 2014

    New Delhi: A Delhi court on Thursday dismissed the bail pleas of ChairmancumManaging Director (CMD) of Prakash Industries Ltd Ved Prakash Agarwal and its Director Vipul Agarwal, who along with others were arrested in the Syndicate Bank bribery case. Special CBI judge Swarana Kanta Sharma rejected the bail applications of both...
  • India to tighten up banking risk management, says Jaitley August 21, 2014

    New Delhi: Finance Minister Arun Jaitley said on Thursday that the government was working to tighten up risk management in the banking sector, responding to recent scandals that have raised doubts about lending practices at state banks. Jaitley did not name any bank, but his comments followed the launch of an...
  • Syndicate Bank bribery case: CMD sent to jail till August 29 August 16, 2014

    New Delhi: A Special CBI judge on Saturday warned of action against the accused in Syndicate Bank bribery case if they do not stop attempts to influence her as she remanded the bank's suspended CMD Sudhir Kumar Jain and others to judicial custody till August 29. "Please tell your clients to...
  • Exrevenue secy under probe for selecting Jain as Syndicate Bank CMD August 13, 2014

    Mumbai: Former Revenue Secretary Rajiv Takru on Wednesday came under the scanner for his role in selecting of jailed Syndicate Bank ChairmancumManaging Director SK Jain. An advisory sent to Finance Minister Arun Jaitley on August 11, 2014 said that Jain's appointment in 2013 lacked transparency, according to Central Bureau of...
  • Syndicate CMD bribery case may come before SIT on black money August 10, 2014

    New Delhi: The case of alleged bribery of Syndicate Bank ChairmancumManaging Director SK Jain may come up for discussion in the meeting of Special Investigation Team on black money, as it is a "classic" case of how proceeds of corruption were transferred through hawala channels. Official sources said cases like the...
  • Syndicate Bank bribery case: Wanted businessman, Neeraj Singhal of Bhushan Steel arrested by CBI August 7, 2014

    New Delhi: Neeraj Singhal, vice chairman of Bhushan Steel, wanted in the syndicate bank bribery case was arrested by the CBI from New Delhi on Thursday. Singhal was arrested a day after Special CBI Judge Swarna Kanta Sharma rejected his anticipatory bail plea. Singhal had been absconding since Saturday. The Central Bureau...
  • CBI arrests Syndicate Bank chief, MP Congress legal advisor for seeking bribe August 3, 2014

    New Delhi: The Central Bureau of Investigation(CBI) is cracking down on top bank officials on charges of demanding bribes for loans. The CBI arrested six people including chairman and managing director of Syndicate Bank Sudhir Kumar Jain on Saturday for receiving illegal gratification. He has allegedly violated banking rules. Jain...
  • Syndicate Bank mulls opening more overseas branches June 21, 2014

    Kannur: Staterun Syndicate Bank plans to open more branches abroad along with strengthening its presence in the country, CMD Sudhir Kumar Jain on Saturday said. The bank would be approaching RBI soon for permission to open branches in South Africa, Thailand, Abu Dhabi, China and Hong Kong, Jain told reporters...
  • ICICI ties up with Syndicate Bank for its schemes distribution October 3, 2012

    Mumbai/New Delhi: ICICI Prudential Mutual Fund has entered into a strategic partnership with Syndicate Bank, one of India's most trusted and progressive PSU Banks for distribution of its mutual fund schemes to further strengthen its distribution reach. Syndicate Bank will now be distributing ICICI Prudential Mutual Fund products to its...
  • Govt to provide adequate capital to PSU banks November 19, 2011

    Mumbai: Finance Minister Pranab Mukherjee on Saturday said the government will provide adequate capital to the stateowned banks during the current fiscal, a move that will help them to meet the international solvency norms. "I would like to reassure, that I will provide adequate capital to the banks as and when...
  • Delhi: Security guard kills tea stall owner November 19, 2007

    New Delhi: A security guard working with a bank in West Delhi reportedly shot dead a tea stall owner in the same area. Fiftyoneyearold Bhishen Swarup allegedly shot at 40 year old Kanwar Singh Bhandari on Monday afternoon with his duty rifle, after an altercation. The accused is an employee...