Reserve Bank of India imposes penalty on Bank of India, PNB totalling Rs six crore

Reserve Bank of India imposes penalty on Bank of India, PNB totalling Rs six croreJun 7, 2021, 07:51 PM IST

The bank had also conducted a review and submitted a Fraud Monitoring Report (FMR) dated January 1, 2019 pertaining to detection of fraud in an account.

Financial creditors may realise Rs 55,000-60,000 cr through IBC in FY22: ReportJun 7, 2021, 04:43 PM IST

The realisation for financial creditors from the resolution of Corporate Insolvency Resolution Process (CIRP) under the IBC declined significantly in FY2021 with a total resolution amount of around Rs 26,000 crore, almost a quarter of the realisations in FY2020, the agency said.