State-run lender reports  ₹ ₹270.57-crore worth loan fraud by Odisha-based firm to RBI; stock down 10% YTD | Stock Market News

State-run lender reports ₹ ₹270.57-crore worth loan fraud by Odisha-based firm to RBI; stock down 10% YTD | Stock Market News

Source: Live Mint State-owned Punjab National Bank on Tuesday reported a fraud of ₹270.57 crore by Odisha-based Gupta Power Infrastructure Ltd to the Reserve Bank. Borrowal fraud of ₹270.57 crore has been reported to the Reserve Bank of India (RBI) in non-performing asset (NPA) account of Gupta Power Infrastructure Ltd, PNB said in a regulatory…

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Income Tax department finds  ₹22,000 worth undeclared foreign assets in a special drive: Report | Mint

Income Tax department finds ₹22,000 worth undeclared foreign assets in a special drive: Report | Mint

Source: Live Mint The Income Tax (I-T) department has reportedly found ₹22,000 crore during a drive against foreign assets, reported Economic Times. This was part of a drive launched last November based on the information received under bilateral and multilateral agreements and foreign remittance data. The income tax department has said that it has identified…

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