In the case of Punjab National Bank (PNB) loan scam, the Economic Offences Wing of Bhubaneswar has arrested a Delhi-based Chartered Accountant for his alleged involvement. The accused Neeraj Kumar, was arrested and produced before the court of chief Metropolitan Magistrate. The loan scam case involving the main accused is to the tune of Rs 250 crore, which was obtained using fake/ forged documents.
The Reserve Bank of India (RBI) imposed a fine of Rs 1.8 crore on the Punjab National Bank and Rs 30 lakh on ICICI Bank. The amount has been penalised for deficiencies in regulatory compliances under the Banking Regulation Act, 1949. In an official statement, RBI said, the PNB held more than 30% shares in borrowers companies, whereas in the case of ICICI Bank, they violated compliance rule.
Renu Sud Karnad, Managing Director of HDFC Ltd in a press release announced a close-ended scheme on all new home loan applications starting from September 20 to October 31 as part of a festive offer. The scheme can be availed based on the borrower's credit score. The interest rates charged will be as low as 6.7% regardless of the loan amount or employment category.
Courtesy: Money Control