Page 802 - Finance News

PNB fraud: CBI questions 3 officials from Indian banks' branches abroad

The scam, which reportedly began in 2011, was detected in the third week of January this year, after which the PNB officials reported it to the concerned agencies

Chanda Kochhar's good and bad times at ICICI Bank as its MD & CEO

Banker probably faces the toughest challenge of her career over Videocon loan controversy

RBI plans to collect information on loan to Videocon from ICICI Bank

A source at ICICI Bank said Videocon paid its dues to the bank till December 2017 and might even pay the dues for the March quarter

SBI launches UK retail subsidiary with 225-mn pound capital commitment

The costly move has caused an industry uproar, leading many existing foreign-owned bank branches to reassess their presence in the UK

Fitch downgrades scam-hit Punjab National Bank's viability rating to BB-

Soon after the fraud was unearthed in February 2018, Fitch had warned the PNB -- one of the country's biggest state-run banks -- of downgrading its Viability Rating

Shikha Sharma's eventful nine years at Axis Bank: Highlights of her stint

Shikha Sharma was appointed as the managing director and chief executive officer of Axis Bank in June 2009

LIC, govt's nominee plan to pose difficult questions to ICICI management

Over the decades, LIC and other government held insurance companies have made several questionable investments in equities

Traders have doubts about India's bond rally as banks remain net sellers

State-run lenders, the biggest holders of sovereign debt, remained net sellers in five of the past seven days despite the rebound

Allegations against ICICI bank pose reputational risks: Fitch Ratings

Other regulatory sanctions are also possible, depending on the outcome of the investigation, rating agency said in a statement

Q4 results: Top public sector banks to report losses in March quarter

Tepid loan growth and higher credit cost to weigh on earnings at private corporate lenders

HDFC hikes retail prime lending rate by up to 20 basis points to 16.35%

HDFC's standalone profit was Rs 56.7 billion, a major jump from Rs 17 billion in the previous year's December quarter

Axis Bank board cuts short CEO's tenure, Shikha Sharma to stay on till Dec

Sharma joined Axis Bank in 2009 after heading ICICI Prudential Life Insurance; move comes after RBI's objection to fresh term

Videocon loan row: LIC, govt nominee seek meeting with ICICI Bank brass

On agenda is restoring investor confidence in lender's governance standards

ICICI board divided over CEO Chanda Kochhar's future: Sources

The board of India's second-largest private sector bank may meet as early as this week to consider its next course of action

Merrill Lynch buys 30 million ICICI Bank shares worth Rs Rs 8.23-bn

The shares were picked up at an average price of Rs 280

Nirav Modi fraud is bank's issue, will not seek govt support: PNB MD

The bank has enough resources and capability to meet the challenges posed by the fraud of this nature, said PNB MD Sunil Mehta

PNB fallout: Top Mumbai law firm hired by Nirav Modi under CBI scanner

The documents were collected during a "raid" in February by the CBI at the law firm

State Bank of India, Punjab National Bank to sell 15 NPAs worth Rs 10.63 bn

PNB will offer three NPA accounts with total outstanding of Rs 2.14 billion for sale

Nobel laureate Muhammad Yunus not in favour of PSBs' privatisation in India

Fraud in anything is bad, frauds in banks is more sensitive thing, so we have to find a way to stop it, said Yunus

Firestar bankruptcy proceedings: PNB hires lawyers to represent it in US

Firestar Diamond approached a bankruptcy court in New York court in February