Page 804 - Finance News

Despite PNB FIR, Nirav Modi's brother got $350,000 from SBI, says TV report

Alarmingly, the extent of the unravelling fraud at PNB could rise beyond the nearly $2-billion mark so far outlined by the state-owned lender

RBI slaps Rs 4-mn penalty on SBI for flouting directives on fake notes

RBI had carried out an inspection of currency chests of two branches of the country's largest lender

PNB fraud: Jewellery export body for uniform lending rules at all banks

In a letter addressed to Arun Jaitley, GJEPC suggests a meeting should be convened of all bank chiefs

Banks need to overcome problems fast to lend large credit: Rangarajan

The primary role of the banks is to raise deposits and lend, former RBI governor

SBI puts Simbhaoli Sugars, 14 other NPA accounts worth Rs 9.88 bn for sale

SBI has asked the bidders to an submit expression of interest by March 9, 2018

PNB fraud probe drove Nirav Modi's jeweler to US bankruptcy filing

Punjab National Bank shares plunge most since 2004 in Mumbai

Clipping wings? Banks to collect big borrowers' passport details in 45 days

Passport details will help banks to take timely action and inform the relevant authorities to prevent fraudsters from fleeing the country

PNB scam: Gitanjali Group's VP held, SFIO calls top bankers; 10 highlights

ICICI Bank Managing Director and Chief Executive Chanda Kochhar and her Axis Bank counterpart Shikha Sharma have been summoned by the SFIO in connection with the scam at PNB

Weakness in banking stocks is weighing on overall market performance

the asset quality problem and tighter Reserve Bank of India norms around bad loan disclosure would lead to drop in earnings at banks in the coming quarters

PNB scam: SFIO summons senior officials of ICICI Bank, Axis Bank

The officials were in the office for over two hours and are understood to have been asked about their business with firms like Choksi's Gitanjali Gems and also Modi

The reason why extent of fraud unravelling at PNB could rise beyond $2 bn

Investigators had not yet recovered all the papers and loan guarantees allegedly issued by rogue employees of the bank

PNB scam: PMO apprised of action taken against fraud on Mar 1, says FinMin

Jaitley expressed hope that going forward the bank's market capitalisation would improve

PNB fraud: SFIO to quiz ICICI's Chanda Kochhar, Axis Bank's Shikha Sharma

ICICI Bank is believed to have extended a loan of Rs 10 billion and Axis Bank Rs 7 billion last year to Mehul Choksi's Gitanjali Gems

Rs 127-billion fraud fallout: Foreign banks stop selling gold to PNB

In recent months, PNB has emerged as one of the largest gold importing banks, where it earned a margin of 1-2 per cent

PNB scam: Violation of norms going on since 2010, says CBI

Nair had signed various applications to avail the LoU facility, and he was also a director at 19 other companies of Mehul Choksi, the CBI lawyer said

PNB fraud: CBI grills general manager, gets remand of four accused

Two of the four arrested accused are from Nirav Modi's firm, one is an auditor and one an employee of the Gitanjali Group

RBI imposes penalty of Rs 30 mn on Axis Bank and Rs 20 mn on IOB

Axis attracted fine for flouting NPA norms and Indian Overseas Bank for KYC breach

PNB fraud going on since 2010, CBI tells court: Top 10 developments

CBI arrested four officials of Nirav Modi, Mehul Choksi's companies. on Monday Vipul Ambani and five others were sent to 14-day judicial custody

Finance ministry sets up 8-member committee on fintech for easier norms

The Committee will also focus on how Fintech can be leveraged to enhance financial inclusion of MSMEs

IndusInd Bank invokes 60 million pledged shares of Jaypee Infratech

Jaiprakash Associates had 895 million shares, about 64.44 per cent stake, in Jaypee Infratech as on December 31, 2017