Page 810 - Finance News

Axis Bank customers with balance of Rs 100 mn and above to get 6% interest

New rate will be effective March 19

CBI charge sheet against ex-Canara Bank CMD in Rs 680-mn loan default case

The agency has alleged that Guptas knew Dubey and used the connection in getting loans

Nirav Modi indirectly challenging PMLA case via his firm: ED to Delhi HC

The company's plea was misconceived and premature, the ED said, adding it was presently at the stage of search and seizure as well as retention of records

Rs 129-billion scam fallout: RBI to resolve impasse over PNB liabilities

Finance ministry officials said the central government was not authorised to examine loan accounts above Rs 50 million and hence could not resolve the disputes among banks

Indian Bank, UBI classify STC account as NPA over non-payment of interest

Shares of the firm had closed at Rs 140.40 apiece on Friday, down 1.61 per cent from its previous close on the BSE

PNB scam fallout: Here's why banks must relook at indemnity policies

Given the reluctance to part with data and tendency to minimise the risks, those in the segment say banks need to seriously relook at whether they're covered for a PNB-type case

Low operating expense, high yields to help NBFCs' grow their rural books

Bajaj Finance Limited increased their urban outlet network by 40.3% to 529 stores at the end of December 2017

Rs 91-million Chandri Paper fraud reported to CBI on February 13, says PNB

Fraud had already been declared in respect of the fradulent and unauthorised issuance of two LoUs for Rs 91 million

Farmers protest: Banks give crores to Nirav Modi, what about us? updates

Nirav Modi had acquired land of the farmers by conning them

Issued bank guarantees of Rs 1.55 bn to NSIC against 100% margin: UBI

NSIC sought confirmation for further BGs amounting to Rs 180 million which, according to UBI, are non-existent in its records

PNB scam: Bank to focus on internal audits, recovery, small depositors

Bank outlines multi-pronged strategy to strengthen internal controls in its EGM held on Friday

Bankruptcy Code: Finance professionals on a roll as NCLT cases surge

With 600-700 new NPA cases getting admitted into NCLT every month, demand for Resolution Professionals is on the rise; their number has more than doubled in less than a year

PNB scam: SFIO probing 107 firms and 7 limited liability partnerships

The government ordered the investigation on February 17, 2018, says PP Chaudhary

Fraud-hit PNB faces dilemma over revealing price-sensitive information

On February 11, the bank said it had detected "fraudulent and unauthorised transactions" worth $1.78 billion

RBI needs to work with govt to take action against PSBs, says Rangarajan

RBI's action in banning of Letters of Undertaking (LoUs) could be reviewed later, says former RBI head C Rangarajan

25% overseas branches of public sector banks reported losses in FY17

Most numbers of foreign branches that reported losses belonged to SBI, BoB, BoI, IOB and Canara Bank

Nirav Modi fraud: PNB to honour bonafide LoU; increase its focus on CASA

PNB reassured its shareholders, customers, partners and employees on the bank's capability and capacity to come out of this situation

1,700 card, net banking-related frauds worth Rs 714.8 mn reported in 2017

In December 2017 alone, 187 cases with losses touching Rs 337.3 million was reported, K J Alphons said

Banks' NPA steadily rising, reached Rs 7.77 mn till Dec 2017: MoS Finance

MoS for Finance Shiv Pratap Shukla said gross non-performing assets under the 'Industry-Large' category for all banks soared to Rs 5.27 trn as on Dec 2017 from Rs 1.23 trn on March 31, 2015

Andhra Bank takes large NPA hit from iron & steel and infra sectors

With Rs 41.73 billion in NPAs, infrastructure sector came close second with write-offs at Rs 3.63 billion