CBI searches against Punjab AAP MLA over Rs 40-crore bank ‘fraud’

NEW DELHI: The CBI is carrying out searches at premises linked to Punjab AAP MLA Jaswant Singh Gajjan Majra at three locations in Sangrur in a bank fraud case of over Rs 40 crore, officials said Saturday. The searches are being carried out in Maler Kotla area of Sangrur district in connection with the case … Read more

Banks hike repo-linked loan rates, offer more on deposits

MUMBAI: ICICI Bank and Bank of Baroda have notified the increase in lending rates by 40 basis points (100bps = 1 percentage point) following a similar increase in key policy rates by the Reserve Bank of India (RBI) on Wednesday. Kotak Mahindra Bank raised its fixed deposit rates across multiple maturities for retail customers. The … Read more