Tag: Bank

  • Twins killed in Canada bank shootout aimed to kill as many police as possible

    Twins killed in Canada bank shootout aimed to kill as many police as possible

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    Twin brothers who died in a hail of gunfire last summer outside a Canadian bank had been planning their attack for years, with a goal to kill as many officers as possible, police said on Friday.

    An investigation by the Vancouver Island integrated major crime unit found that 22-year-old Isaac Auchterlonie and his twin, Mathew, showed up at the Victoria, British Columbia, area bank on 28 June 2022 wearing full body armor and carrying semi-automatic rifles.

    The pair had strong anti-government and anti-police views and did not expect to live past the confrontation, police said.

    “It was determined the suspects’ primary objective was to shoot and kill police officers in what they saw as a stand against government regulations, especially in relation to firearms ownership,” Cpl Alex Bérubé of the Royal Canadian Mounted Police said during a news conference at the Saanich police department.

    As the twins left the bank, members of the Greater Victoria emergency response team, who were in the area on an unrelated matter, drove into the parking lot to assist other officers, police said.

    Six officers were injured in the ensuing gunfight. An earlier report said police fired as many as 100 rounds at the suspects, killing them both.

    Bérubé said the pair had been planning some sort of “act of extreme violence” since 2019 and originally wanted the shootout to happen in mid-2023.

    They decided to move up their timeline after finding out they had to move out of the house they shared with their mother.

    “The suspects concluded that they could not move their arsenal of weapons to a new location without attracting attention, and thus electing the bank location at random,” Bérubé said.

    In the trunk of their vehicle, police discovered more than 30 improvised explosive devices, four additional firearms and more than 3,500 rounds of ammunition.

    The brothers had licenses for both non-restricted and restricted firearms, Bérubé said.

    Police say the 22 staff and customers being held by the men during the 16 minutes they were in the bank were not targeted and were only being held to draw a police response.

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    ( With inputs from : www.theguardian.com )

  • J&K Bank Announces Personal Consumption Loan Scheme – Know Details – Kashmir News

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    Jammu And Kashmir Bank Personal Consumption Loan Scheme For permanent employees of Govt, PSUs, Institutions and Autonomous Bodies of Govt maintaining salary account with J&K Bank: 42 X Monthly Gross Salary. For employees of Govt not maintaining salary account with J&K Bank: 24 X Monthly Gross Salary or Rs 15.00 lacs, whichever is lower. For employees of other reputed institutions/ Corporate Houses maintaining salary account with J&K Bank: 30 X Monthly Gross Salary or Rs 25.00 lacs, whichever is lower.

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    • Minimum: Rs. 50000.00
      Maximum: For permanent employees of Govt, PSUs, Institutions and Autonomous Bodies of Govt maintaining salary account with J&K Bank: 42 X Monthly Gross Salary
      For employees of Govt not maintaining salary account with J&K Bank: 24 X Monthly Gross Salary or Rs 15.00 lacs, whichever is lower.
      For employees of other reputed institutions/ Corporate Houses maintaining salary account with J&K Bank: 30 X Monthly Gross Salary or Rs 25.00 lacs, whichever is lower
    1. Permanent Employees of
      • Government (State/Central/ Union Territories).
      • Public Sector Undertakings,
      • Autonomous Bodies & Institutions of Government
      • Govt. Employees (J&K and Ladakh only) recruited under SRO 202 with minimum service of 18 months. Note: Employees of State Govt/Central Govt/ UT Govt, PSUs, Autonomous Bodies & Institutions of Government not maintaining salary account with J&K Bank shall also be eligible.
    2. Permanent Employees of Reputed Institutions banking with J&K Bank. Only those regular/ permanent employees shall be eligible who are maintaining their salary accounts with J&K Bank and/or will shift existing salary accounts to J&K Bank with at least one salary received in that account.
    3. Permanent Employees of Corporate Houses banking with J&K Bank. Only those regular/ permanent employees shall be eligible who are maintaining their salary accounts with J&K Bank and/or will shift existing salary accounts to J&K Bank with at least one salary received in that account provided:
      1. These corporate houses have a minimum business of Rs 5.00 crore (Advances+ Deposits) with the branch/bank.
      2. Concerned Zonal offices will identify such corporate houses and permit the respective branches under their jurisdiction to grant personal consumption Loans to their regular employees.
      3. For branches operating outside J&K and Ladakh UTs, such loans shall be granted only to those regular employees of corporate customers who are permanent residents of periphery of the branch, otherwise such loans shall be additionally guaranteed by the employer.
    • For permanent employees of Govt, PSUs, Institutions and Autonomous Bodies of Govt maintaining salary account with J&K Bank:
    • For all Others:
      • 3 rd party Guarantee of Two persons having individual net worth of at least 200% of loan amount
    • Employees maintaining salary account with the bank: MCLR 3Y+3.00%
    • Employees not maintaining salary account with the bank: MCLR 3Y+4.00%

    Click here for rate of Interest

    • The maximum repayment period shall be 120 months with the repayment commencing next month of disbursement.
    • Important to note that repayment is to be fixed in such a way that loan shall be fully adjusted by or before employee retires from active service.
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    ( With inputs from : kashmirnews.in )

  • CBI Arrests Two Persons Involved In Bank Fraud Case In J&K

    CBI Arrests Two Persons Involved In Bank Fraud Case In J&K

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    The CBI on Wednesday said that it arrested two then directors of a private company in a case related to bank fraud.

    In a statement, issued to news agency—Kashmir News Observer (KNO), a spokesperson said that CBI has arrested two then directors of a private company based at Kathua in the ongoing investigation of a bank fraud case.

    The statement reads that a case was registered on 12.02.2020 against the private company and others including its MD, Directors on complaint from SBI, SAM Branch, Ludhiana.

    “It was alleged that the accused in conspiracy with unknown officials of State Bank of India, had cheated Bank to the tune of Rs. 87. 88 Crore (total amount with interest of around Rs.121.13 Crore) during the period from 2006 to 2019 by illegally removing machinery and other parts without getting prior permission or without informing the Lender Banks,” it reads.

    It reads that the proceeds of such machines, motors etc., had not been deposited in the account. It was further alleged that the accused stealthily removed the imported machinery of Pulp Section and other parts from the factory without the knowledge of the bank.”

    It added that it was also alleged that the accused illegally sold machinery parts as scrap and arranged fake invoices to cover up the said illegal sale.

    “It was found during investigation that the accused had allegedly diverted funds from the loan account. Both the arrested accused are being produced today before the Court of CJM, Jammu,” it reads—(KNO)


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