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Some of them are doing their jobs for last more than a decade and are only bread winners of their families. How will they feed their families, if they are terminated or their wages cut?, the CPI(M) leader asked.
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They approved raising of equity capital of up to Rs 1,000 crore in one or more tranches by way of rights issue/preferential allotment/private placement or qualified institutional placement (QIP) or any other approved mode, the bank said in a regulatory filing.
Also, shareholders approved raising up to Rs 1,000 crore by issuing Basel III compliant tier-II bonds in the nature of non-convertible debentures on a private placement basis.
Shareholders also cleared the appointment of Nitishwar Kumar and Mohmad Ishaq Wani as directors. PTI DP ABM ABM
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Banks will remain shut in Jammu and Srinagar on 22 July as well to observe Eid-Ul-Azha. Image: Reuters
Bakri Eid Bank Holiday 2021: Most of the banks in India will remain closed on 21 July 2021, on account of Bakra Eid. Only the gazetted holidays are observed by banks all over the country. The Reserve Bank of India (RBI) has categorised holidays under three categories — Holiday under Negotiable Instruments Act; Holiday under Negotiable Instruments Act and Real-Time Gross Settlement Holiday; and Banks’ Closing of Accounts. Banks will remain shut in Jammu and Srinagar on 22 July as well to observe Eid-Ul-Azha. According to the list of holidays notified by RBI, there are state-specific holidays for different occasions.
On account of Bakra Eid (Id-Ul-Zuha) (Eid-UI-Adha), banks in most of the states across the country will remain shut on July 21, except in cities such as Aizawl, Bhubaneswar, Gangtok, Kochi, and Thiruvananthapuram. Even as banks will remain shut on Wednesday, customers can avail online services. Moreover, mobile and internet banking will remain operational.
21 July 2021: Bakra Eid, Id-Ul-Zuha, Eid-UI-Adha
22 July 2021: Eid-Ul-Azha (Only in Jammu and Srinagar)
24 July 2021: Fourth Saturday
25 July 2021: Weekly off (Sunday)
31 July 2021: Ker Puja (Only in Agartala)
Including 21 July 2021 off, banks in many cities will remain closed for up to 5 days for the remainder of July month. Banks in Jammu and Srinagar will also remain closed on 22 July on account of Eid-Ul-Azha, according to RBI notification. This week, banks across the country will remain closed on 24-25 July, on account of the fourth Saturday and weekly off. All the public and private sector banks across the country observe holidays on the second and fourth Saturdays of every month, along with a weekly holiday on Sunday. There is a state-specific bank holiday on the last day of July, i.e 31st July 2021 in Agartala on account of Ker Puja.
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The case involves siphoning off of funds to the tune of Rs 91.63 crores (through companies/firm namely Jhelum Infra Projects India Private Limited- Rs 39.70 crore, M/s Jhelum Industries – Rs 33.83 crores and I. D SoodIspat Private Limited- Rs 18.10 crores).
“The loan accounts were classified as non-performing assets (NPA) on December 31, 2014,” stated the press release by ED on Thursday.
ED initiated an investigation on the basis of FIRs registered by Central Bureau of Investigation, Jammu under section 120-B read with section 420 and 409 of Ranbir Penal Code, 1989 (pari-materia sections under IPC).
The investigation so far has revealed that huge amount of cash of Rs 20.87 crore was withdrawn from the loan accounts and accounts of various sister concerns. Further, funds to the tune of Rs 18.47 crores were siphoned off through accounts owned and controlled by Raj Kumar Gupta and his family members and through bogus accounts in the name of his employees opened specifically for the purpose of siphoning off of funds of loan accounts. The remaining funds were utilised for making payments to different individuals for a non-business purpose.
The attached properties include land admeasuring 44 kanals 10 marlas at village Kartholi, district Samba of worth Rs 7.59 crores and land admeasuring 491 kanals 16 marlas in tehsil Pampore, district Pulwama of worth Rs 12.66 crores.
Further investigation, in this case, is under progress. (ANI)
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