News That Matters

Tag: accounts

Facebook says it removed fake accounts in Philippines

Technology
Facebook says it has removed 200 pages, groups and accounts linked to Nic Gabunada, reportedly the former social media manager of Philippine President Rodrigo Duterte, for misleading people. The social network says it took down the accounts for "coordinated inauthentic behavior," the term it uses to describe accounts that work together to mask who is behind them and what their purpose is. In the past, Facebook has removed accounts linked to Russia , Iran and other countries for trying to wreak political havoc or influence elections in the U.S. and elsewhere. The accounts and posts in question posted about elections, alleged misconduct by political candidates and local news. Facebook says they tried to hide their identity but were linked to a network organized by Ga...
SBI, Oriental Bank put on sale stressed accounts to recover dues of Rs 5,740 cr

SBI, Oriental Bank put on sale stressed accounts to recover dues of Rs 5,740 cr

Finance
State-owned State Bank of India (SBI) and Oriental Bank of Commerce (OBC) have put on sale various financial accounts to recover dues of around Rs 5,740 crore. The country's largest lender SBI has invited bids from asset reconstruction companies (ARCs) and financial institutions (FIs) to recover an outstanding of Rs 4,975 crore. The bulk of accounts up for sale by SBI are of small and medium enterprises (SMEs) that have dues amounting to Rs 4,667 crore. OBC wants to sell 13 accounts with a collective outstanding of Rs 764.44 crore, according to the bid document placed on its website. As many as 281 SME accounts are up for sale by SBI, belonging to those firms that have dues of up to Rs 50 crore. The collective dues on these SMEs are Rs 4,666.50 crore. "In terms of the bank's policy on sale...
Punjab National Bank invites bids for two dozen NPA accounts to recover Rs 1,179 crore

Punjab National Bank invites bids for two dozen NPA accounts to recover Rs 1,179 crore

Finance
Public sector lender Punjab National Bank (PNB) has put up for sale two dozen non-performing assets to recover dues of over Rs 1,779 crore. These 24 dud loan accounts are majorly concentrated in Mumbai, Delhi and Kolkata zones of the bank. Two accounts belong to Chandigarh and Bhopal zones while one is of Patna zone, as per the sale notice on its website. "We intend to place these accounts for sale to ARCs/NBFCs/other banks/FIs etc on the terms and conditions stipulated in the banks policy, in line with the regulatory guidelines," PNB said. The bank has to make recovery of Rs 1,779.18 crore from these 24 non-performing assets (NPAs). Among the major borrowers are Vandana Vidyut with an outstanding amount of Rs 454.02 crore, Moser Baer Solar (Rs 233.06 crore), Divine Vidyut (Rs 132.66 crore...