Page 807 - Finance News

CBI arrests PNB Brady House branch's internal auditor in $2-billion fraud

The arrested auditor M K Sharma was "allegedly responsible for auditing the systems and practices" of the bank's Brady House branch in Mumbai

I-T issues lookout notice against Nirav, Choksi to restrict their movement

Meanwhile, Nirav Modi has refused to join Central Bureau of Investigation (CBI) probe in connection with the PNB scam

Lending rate hike coming? SBI raises term deposit rates across maturities

In an announcement on its website, the bank said, effective Wednesday, 7- to 45-day deposits will earn an annual interest rate of 5.75 per cent, from 5.25 per cent earlier

Subhiksha promoter R Subramaniam arrested by ED in money-laundering case

In 2015, the Economic Offences Wing (EOW) of the Tamil Nadu Police had arrested Subramanian for allegedly cheating depositors to the tune of around Rs 1.50 billion

Canara Bank alleges Rs 5 bn fraud by Kolkata-based R P Infosystems

The bank has made a complaint to the CBI

Canara, Corporation banks clarify on R P Infosystems, Ramnandi fraud cases

Corporation Bank said it had declared the accounts of Ramnandi Estates Pvt Ltd as NPA in September 2016

PNB fraud & more: Nifty PSU Bank sees worst monthly fall in two years

The recent fall has been triggered by the Punjab National Bank fraud, estimated to be worth over Rs 114 billion

Allegations of frauds dent India Inc's ability to win investor confidence

Government bonds have suffered their worst sell-off in almost two decades, and the rupee and stocks have been under pressure

Low-cost home loans face high risk of loan default; Maha tops list: Report

During the past three years, state-run lenders' share in new home loan disbursal has decreased by 10 per cent, while that of housing finance firms has risen by 12 per cent

Nirav Modi refuses to join CBI investigations in PNB scam case: Officials

The CBI today directed him to contact the embassy of India in a country where he is staying so that his travel to India can be arranged

SBI revises retail, bulk deposit rates up to 0.75% for various maturities

The retail deposit rates for two years to up to 10 years have been changed by 0.50 per cent to 6.50 per cent from 6 per cent

Another loan default case: Corporation bank reports Rs 68 mn-fraud to CBI

This comes amid CBI's probe into recent complaints of massive frauds in Punjab National Bank, Bank of Baroda, Oriental Bank of Commerce

PNB scam throws long shadow on diamond industry in Surat, deals drop 10%

Deals down 8-10% since Nirav-Choksi scam broke

Check NPAs above Rs 500 mn for possible fraud, alert CBI: Govt tells banks

Lenders told to plug operational, technological loopholes in 15 days

PNB scam may push up pricing for trade loans as rates rise as much as 0.5%

Signs that trade credit is getting tougher for smaller firms have hurt the rupee, which is among Asia's worst performers this month

PNB scam: Bank ignored warnings from Gitanjali Gems auditor in March 2017

Auditor warned Gitanjali defaulted to other banks too

Will form social enterprise to bid for Nirav's Rhythm House: Anand Mahindra

The Rhythm House is one of the 21 properties of Nirav Modi worth Rs 5.24 bililon seized by the law enforcing agencies so far

Apple, Samsung open their wallets, boosting world's economy

Developing economies are leading the next wave of CapEx as companies continue to spend over growth in demand

CBI questions PNB's ex-MD, ICICI official; ED files NBW for Nirav Modi

ICICI Bank was the lead lender to at least three entities belonging to Mehul Choksi's Gitanjali group

CBI questions PNB ex-MD Usha Ananthasubramanian, ICICI's ED over Nirav case

On Monday, the CBI questioned three statutory auditors and two General Managers of PNB