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The police arrested chief executive and an executive director of state-run Bank of Maharashtra on Wednesday, accusing them of misusing their authority in making loans to a property developer.

Police arrests CEO, director of Bank of Maharashtra over loan frauds

State-run banks have reported 8,670 cases of fraudulent loans totalling 612.6 billion rupees over five financial years.

21 Jun 2018 11:15 AM IST

Bank CEO, officials arrested in DSK fraud

The officials did not follow the procedure laid down by the Reserve Bank of India while giving the loan.

21 Jun 2018 6:13 AM IST