Canara Bank shares tumble after police file charges in new fraud case


MUMBAI Shares in India's Canara Bank tumbled more than 5 percent on Tuesday morning after the country's federal police filed charges against a former chairman of the state-run bank and others over allegations that the officials helped a company defraud the bank of about $10.5 million taken in loans over four years ago.

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CBI charges former Canara Bank chief in alleged loan fraud case 19 Mar 2018

NEW DELHI/MUMBAI The Central Bureau of Investigation (CBI) filed charges on Monday against a former chairman of state-run Canara Bank and others over allegations that the officials helped a company defraud the bank of about $10.5 million taken in loans over four years ago.

India most vulnerable country to climate change - HSBC report 19 Mar 2018

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After landslide re-election, Russia's Putin tells West: I don't want arms race 4:10am IST

MOSCOW Russian President Vladimir Putin struck a softer tone towards the West on Monday after winning his biggest ever election victory, saying he had no desire for an arms race and would do everything he could to resolve differences with other countries. | Video

Xi warns Taiwan will face 'punishment of history' for separatism 9:40am IST

BEIJING Chinese President Xi Jinping warned self-ruled Taiwan on Tuesday that it will face the "punishment of history" for any attempt at separatism, offering his strongest warning yet to the island claimed by China as its sacred territory.

Vienna unbeatable as world's most liveable city, Baghdad still worst 9:59am IST

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G20 pushes for free trade as U.S. vows to defend national interest 5:33am IST

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Human rights chief slams Security Council for inaction on Syria 5:35am IST

UNITED NATIONS The United Nations' human rights chief slammed the Security Council on Monday for failing to "defend human rights and prevent further loss of life" as the war in Syria that has killed nearly half a million people enters its eighth year.

'Socially responsible' investors reassess Facebook ownership 5:16am IST

NEW YORK With European and U.S. lawmakers calling for investigations into reports that Facebook user data was accessed by UK based consultancy Cambridge Analytica to help President Donald Trump win the 2016 election, investors are asking even more questions about the social media company's operations.