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A senior Central Bureau of Investigation (CBI) official told IANS: "The agency has registered the case against Shetty and his wife Ashalata, who is a clerk in Indian Bank in Mumbai on Thursday night."
The saving grace, though, is that SBI’s slippage ratio stood at 2 per cent — the lowest in six quarters.
ED attached properties belonging to Nirav Modi in Hong Kong, worth Rs 225 crores, under the PMLA Act, in connection with the Punjab National Bank (PNB) fraud case.
Choksi is one of the alleged masterminds of the USD 2 billion scam in state-run Punjab National Bank and is an uncle of fugitive diamantaire Nirav Modi.
Choksi was reportedly last seen in the Caribbean nation of Antigua and Barbuda. The Interpol (global police) has recently issued a red corner notice against Bhansali in this case.
The total value of the attached and seized assets is Rs 218.46 crore.
The bank has also doubled down on the recovery of bad loans with Rs 8,445 crore being recovered in the first quarter of this financial year.
PNB has registered credit growth more than the industry average, and appreciating the pace of recovery, the government has decided to provide Rs 5,431 crore capital support, said Sunil.
The bank releases a list of borrowers who despite having the capacity do not make repayment of loans on monthly basis.
PNB reported a loss of Rs 940 crore for the June quarter of 2018-19 financial year. It clocked a profit of Rs 343.40 crore in the same quarter of 2017-18.
The Central Bureau of Investigation (CBI) said that it carried out searches at over three locations in Hyderabad at the residence and office premises of the directors.
Earlier this week, Finance Minister Arun Jaitley had committed capital infusion to banks after meeting here heads of public sector banks (PSBs).
The Finance Minister Arun Jaitley Tuesday committed capital support to banks after meeting heads of public sector lenders.
The request was sent to the Home Ministry on Friday.
Bhansali, who was an executive of Nirav Modi's Firestar International firm, is absconding since the probe started in the alleged USD 2 billion PNB fraud case.