Latest news with #Thrissur-based
The Hindu
2 days ago
- The Hindu
Two from Kerala arrested for highway robbery near Coimbatore
The Coimbatore District Police have arrested two persons from Kerala for alleged involvement in a recent highway robbery near K.G. Chavadi, wherein a Thrissur-based jewellery and his aide were carjacked and robbed of 1.25 kg of gold. R. Vishnu, 26, and J. Anshad, 35, from Alappuzha district in Kerala were arrested on Sunday. The police said that a truck that was used for the highway robbery that took place at K.G. Chavadi on Salem – Kochi Highway (NH 544) on June 14 belonged to Vishnu and Anshad was at the wheel. According to the police, the truck blocked the car travelled by Thrissur-based jeweller Jaison Jacob and his employee S. Vishnu near a fuel station at K.G. Chavadi, when they were driving back to Kerala after purchasing 1.25 kg of gold from Tamil Nadu. A few men, who tailed them, struck at the car and abducted them along with the vehicle. The robbers left Mr. Jacob and his aide on the side of another road, after robbing them of the jewellery and ₹60,000. While the truck was found at Ettimadai on June 15, the jeweller's car was found abandoned on an interior road at Vazhukkal near Velanthavalam the next day. Vishnu and J. Anshad were arrested from Ettimadai on Sunday, the police said. They added that special teams were on the lookout for other accused involved in the robbery.
Time of India
3 days ago
- Time of India
Farmfed deposit fraud complainants allege pressure not to file cases
Thiruvananthapuram: Complainants in the Farmfed deposit fraud alleged that certain people close to those accused in the case have urged depositors through WhatsApp groups not to register cases with police. In audio messages sent to depositors on several WhatsApp groups, they were told that registering more cases would delay obtaining bail for the accused and it would affect the repayment of depositors' money and the measures being taken to overcome the crisis. Meanwhile, the fifth additional sessions court granted bail to Farmfed chairman Rajesh Chandrasekharan Pillai, 47, and managing director Akhil Francis, 42, who were in jail for the past couple of weeks. The bail was granted in the first case registered by Museum police on May 16 on the complaint of a Kuravankonam-based woman. Depositors were also told that Rajesh and Akhil must come out of jail to plan and implement the revival measures, as a Thrissur-based cooperative society was willing to take over the firm by giving back depositors their money. The audio messages mentioned that first rounds of talks with the society ended on promising notes. For the remaining talks, Rajesh and Akhil need to come out, and depositors must cooperate by not registering more cases, the message stated. "A team has been actively working to convince depositors in this regard and they exclude those who are not willing to cooperate from the groups. Even police are supporting the accused by not registering FIRs. Even though more than 30 people approached police with complaints, only less than 10 FIRs were registered," said a depositor. Hundreds of depositors in the district were cheated by the firm by offering 12.5% interest. Police are yet to arrest the other accused in the case, including firm's Sasthamangalam branch manager Remya Krishnan, marketing head Shamsudeen, territory manager Sooraj and agents Teena, Dhanya, Shiny, Princy Francis and Mahavishnu.
The Hindu
19-06-2025
- The Hindu
Coimbatore District Police grope in the dark as highway robbers remain elusive
Six days after a Thrissur-based jeweller and his aide were carjacked on the Salem – Kochi highway (NH 544) near Tamil Nadu – Kerala border and robbed of 1.25 kg of gold, the Coimbatore District (Rural) Police were not able to make any breakthrough as on Thursday. The special teams that went to different parts of Kerala in search of the accused reportedly returned to Coimbatore after they could not make progress, police sources said. Jeweller Jaison Jacob, 55, of Thrissur and his employee S. Vishnu were targeted by a group of men, who intercepted their car on the highway at K.G. Chavadi around 5.45 a.m. on June 14. While a truck waylaid Mr. Jacob's car near a fuel station, other gang members, who tailed the duo in another vehicle, struck at them. They carjacked Mr. Jacob, along with Mr. Vishnu, and robbed them of 1.25 kg of gold, before leaving them on the road after travelling for some distance. The robbery took place when the duo was heading to Thrissur, after purchasing gold from Tamil Nadu. Police sources said that the truck used for waylaying the jeweller's car was found abandoned at Ettimadai a day later. The jeweller's car was found left on an interior road at Vazhukkal, close to the Tamil Nadu – Kerala border at Velanthavalam on June 16. The police suspect that the robbers escaped to Kerala via Velanthavalam, after committing the crime on the busy Salem – Kochi highway at K.G. Chavadi. Sources added that visuals from several surveillance cameras were examined to trace the vehicle used by the robbers to tail the jeweller's car and then escape with the gold. As the district police could not make significant leads in the case, they have sought the assistance of the Kerala police to crack it and nab the robbers.
News18
19-06-2025
- Automotive
- News18
ESAF Small Finance Bank Jumps 11% After Board Clears Rs 735-Crore NPA Sale To ARC
Last Updated: ESAF Small Finance Bank shares surged over 11% on Thursday to hit an intraday high of Rs 33.83 on the BSE ESAF Small Finance Bank shares surged over 11% on Thursday to hit an intraday high of Rs 33.83 on the BSE, after the Thrissur-based lender announced board approval for a major asset sale. The bank will offload a pool of non-performing and technically written-off loans worth Rs 735.18 crore to an asset reconstruction company (ARC). The sale includes Rs 362.43 crore in non-performing assets (NPAs) and Rs 372.75 crore in technically written-off accounts. ESAF SFB noted it has provisioning coverage of 90.15% against the total pool. The board has authorised the Asset Sale Committee of Executives to execute the necessary formalities. However, the name of the ARC and detailed terms of the transaction were not disclosed. In a separate development, ESAF Small Finance Bank also announced a strategic tie-up with Maruti Suzuki India to offer retail financing solutions. The two companies signed a memorandum of understanding (MoU) to finance new and used cars, as well as commercial vehicles. The partnership aims to enhance vehicle ownership opportunities, particularly for first-time buyers in tier-II and tier-III cities, by combining Maruti Suzuki's dealer network with ESAF SFB's lending capabilities. From a technical perspective, the stock's Relative Strength Index (RSI) stands at 43.8, suggesting it is neither overbought nor oversold. The MACD is positive at 0.7 but remains below the signal line. ESAF shares are trading below their 10-day, 20-day, and 200-day simple moving averages, but above the 50-day and 100-day SMAs. Over the past three months, the stock has gained around 13.5%, although it remains down 43% over the past year. ESAF Small Finance Bank currently commands a market capitalisation of approximately Rs 1,566.9 crore. ESAF Small Finance Bank, headquartered in Thrissur, Kerala, is a leading small finance bank in India focused on promoting financial inclusion, especially in rural and underserved areas. Originating as a microfinance NGO in 1992, ESAF transitioned into a full-fledged small finance bank in 2017. With over 770 branches across 24 states and a customer base exceeding 8 million, the bank offers a range of products including retail, MSME, agri, gold, and vehicle loans. Known for its strong rural presence—well above RBI's mandated 25% rural lending threshold—ESAF combines physical outreach with digital services. As of FY25, the bank reported strong deposit growth and maintained a healthy CASA ratio, despite recent asset quality challenges. ESAF is also eyeing future transformation into a universal bank, contingent on improving its asset quality and operational metrics. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. First Published:
Time of India
19-06-2025
- Automotive
- Time of India
ESAF Small Finance Bank shares soar 11% after board approves Rs 735-crore bad loan sale to ARC
ESAF Small Finance Bank shares jumped following the board's approval to sell non-performing loans to an asset reconstruction company. The bank also partnered with Maruti Suzuki India. This collaboration aims to provide retail financing solutions for vehicles. The partnership targets first-time buyers in tier-II and tier-III cities. Technical indicators show the stock is neither overbought nor oversold. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Technical indicators: Shares of ESAF Small Finance Bank soared 11.3% to an intraday high of Rs 33.83 on BSE on Thursday, after the Thrissur-based lender announced that its board has approved the sale of a pool of non-performing and technically written-off loans worth Rs 735.18 crore to an asset reconstruction company (ARC).The pool comprises Rs 362.43 crore in non-performing assets (NPAs) and Rs 372.75 crore in technically written-off accounts. The bank noted that it has provisioning coverage of 90.15% against the total board has authorised the Asset Sale Committee of Executives to carry out the necessary formalities to complete the transaction. The name of the ARC and specific terms of the sale were not ESAF Small Finance Bank has entered into a partnership with Maruti Suzuki India to offer retail financing solutions for new cars, used cars, and commercial two companies signed a memorandum of understanding (MoU) to provide flexible and accessible financing options, especially targeting first-time buyers. The partnership will leverage the combined networks of ESAF SFB and Maruti Suzuki across tier-II and tier-III cities to enhance vehicle ownership opportunities for a wider customer base, according to a company Relative Strength Index (RSI) stands at 43.8, indicating that the stock is neither overbought nor oversold. The MACD is at 0.7, remaining above the center line but below the signal line. The stock is currently trading below its 10-day, 20-day, and 200-day simple moving averages, while staying above the 50-day and 100-day SMAs. ESAF Small Finance Bank shares have gained approximately 13.5% over the past three months but have declined 43% over the past 12 months. The company's market capitalisation currently stands at around Rs 1,566.9 crore.
