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Central Bank of India

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. London branch loan fraud

    During the 1980s, managers at the London branches of Central Bank of India, Punjab National Bank and Union Bank of India were caught up in a fraud involving questionable loans to Bangladeshi jute trader Rajender Singh Sethia. Regulatory authorities in England and India forced the three Indian banks to close their London branches.

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