Page 805 - Finance News

How loopholes in PSBs' systems were flagged but never fixed until PNB fraud

In the three weeks since details of the alleged fraud was disclosed, Indian authorities and the media have squarely blamed Punjab National Bank, and Nirav Modi

Prepay part of your home loan to soften blow of rising interest rates

On the sunny side, FD rate hike is good news for seniors; Go for short-term deposits, roll over to those with higher rates when they mature

PNB scam: Will Fugitive Economic Offenders Bill catch the next Nirav Modi?

Legal experts are not sure if threat of confiscation of property will be deterrent enough for fleeing offenders

Five PSBs on brink of being put under RBI's prompt corrective action plan

Canara, Union Bank, PNB among possible candidates; may lead to recall of Rs 157-bn AT-1 bonds

Many state-owned banks exist because of the state, says Rajnish Kumar

They all default and sit in the front rows of the industry associations: Rajnish Kumar

RBI gets tough on MNC banks, asks them to create sub-targets

RBI removed the prior condition that only loans of up to Rs 50 million and Rs 100 million given to MSMEs would be PSL-compliant.

PNB scam: CBI arrests 4 officials of Nirav Modi, Mehul Choksi's companies

The CBI has also arrested the then Director of Mehul Choksi's company, Gili India, Aniyath Shiv Raman Nair

PNB scam fallout: Trade finance hit as caution prevails, premium soars

Despite the immediate setback, bankers, however, feel that there will not be a complete freeze so that a genuine businessman's operations are affected

PNB scam fallout widens as NCLT bars over 60 entities from selling assets

the NCLT has restrained more than 60 entities, including Nirav Modi, Mehul Choksi, various individuals from selling their assets

Defaulting promoters must be barred from bidding: Axis Bank chief

Axis Bank chief Shikha Sharma said that there is 'some conversation' on this aspect already

Street signs: PNB Housing closes gap with PNB, BSE shares fall, and more

The bank manager refused to sanction the loan unless more loan-worthy collateral was given

Govt's stake in IOB to increase by 7.49% after Rs 46.94-bn capital infusion

The govt's stake will to 89.90% from 82.41% currently

Loan defaults: Sebi plans to push for disclosures by listed firms in a day

One view is to keep this 'threshold' as low as Rs 50 million, though some want it higher at Rs 500 million

Mauritius promises strong action against any entities involved in PNB scam

PNB fraud being probed by multiple agencies in India, which are seeking details from their counterparts in various other countries

PSBs write off Rs 5.16-bn NPAs of 38 wilful defaulters in H1FY18

State Bank of India accounts for over 27 per cent of the total amount owed to public sector banks by wilful defaulters as of March 2017

Another bank fraud? Borrowers misuse SBI loan of Rs 32 mn to produce a film

The production house is represented by Kabaddi player Raja and he is among the 13 borrowers

PNB scam: Court issues non-bailable warrants against Nirav Modi, Choksi

The ED had earlier issued summonses to Modi and Choksi, both key accused in the scam cases

PNB chief Sunil Mehta admits the collusion of employees in LoUs scam

Agency questions MD at length on why the bank took so long to detect the fraud

Govt diluting RBI's power to select bank auditors: Financial professionals

They demanded the selection of bank central auditors and statutory branch auditors should be done under the control of the RBI

RBI rejects pleas from mobile wallet entities for less stringent KYC rules

Players say users, especially blue-collar and similar category workers, find rules too strict; however, central bank declines sector request