Page 803 - Finance News

RBI fines Airtel Payments Bank Rs 50 million for KYC norms breach

The central bank made by a supervisory visit to the payments bank between November 20 and 22

Banks' gross NPAs at Rs 8.41 trn in Dec 2017; SBI highest at Rs 2 trn

Indian Overseas Bank bank had gross NPAs of Rs 317 billion

Before Nirav Modi scam, PNB lost Rs 28 bn to various frauds in FY17

PNB alone reported 158 cases of fraud in 2016/17

Union Bank has Rs 2.95-bn direct exposure to Nirav Modi, Gitanjali firms

Both Modi and Choksi have denied wrongdoing, and so have two key accused PNB employees in the case

HDFC Bank has picked arrangers for $2.4 billion share sale: Sources

HDFC Bank has a price-to-book multiple of 5.16, making it the most expensive among lenders across the globe with at least $50 billion in market value

Investors upset as four banks recall Rs 109-bn additional tier 1 bonds

The official said the bank had sought clarification on this issue and based on the feedback, the recall was to be exercised

PNB may be given one year to provision against Rs 127-billion fraud

PNB had said it was digging into records to examine the magnitude of the fraud

Amount involved in Rs 127-bn PNB scam unlikely to go up, says DEA Secy

We have not seen any more evidence: Subhash Chandra Garg

PNB fraud: CBI's fresh summons to Nirav Modi and Mehul Choksi

Gitanjali Gems promoter Choksi has said it was impossible for him to return to India and join the investigation due to the suspension of his passport

NBFC ombudsman to help resolve blatant violations

For adequate compensation, breach of fair practices code, an individual may still need to approach consumer forum

PNB officer gets CVC-instituted vigilance excellence award

The minister said that as per information received from the Central Vigilance Commission, the awards were instituted for the first time in 2017 for the work done in the calendar year of 2016

PNB scam fallout: Rupee forwards crash as banks stop issuing LoUs

Nirav Modi scam has resulted in disruption in cross-border trade as banks are unwilling to provide guarantees

Bulk deposit rates to stay volatile as banks try to meet FY18 targets

In the past few months, the market has seen most major banks raising their retail and bulk deposit rates, as well as their lending rates, to reflect the tight liquidity condition in the market

Bandhan Bank to go public, launch record $689 million IPO next week

The Kolkata-based bank and its shareholders will be selling up to 119.3 million shares

Personal Accident Covers Gain Currency As Gifts

PNB fraud: CBI registers fresh Rs 3.21 billion case against Nirav Modi

This is the second CBI case in which Nirav Modi has been named by the investigating agency

Rs 127-bn scam: PNB MD Sunil Mehta appears before SFIO to record statement

Mehta was seen entering the SFIO office before 11 AM

GJEPC issues notice to Nirav Modi, Choksi, warns of suspension

The council had issued the first show-cause notice to both Modi and Choksi in early February, but has not receive any explanation from them

Can govt's plan to use blockchain choke Nirav Modi-style bank frauds?

The tech is useful in digitising land records, can be applied to infra, farm sector, education, finance; but there are many hurdles in implementing it

SBI, IFCI, UBI seek buyers to recover dues for 110 NPAs worth Rs 163.49 bn

SBI plans to sell a total of 15 such NPA accounts to recover Rs 9.89 bn; IFCI to sell 23 NPAs for recovery of Rs 136.68 bn