Page 816 - Finance News

Scam-hit PNB acts to integrate SWIFT into its core banking solution

State Bank of India, the country's largest, uses products from Tata Consultancy Services for its CBS

PNB fraud underlines need for more privatisation: Arvind Subramanian

Public ownership creates a complicated three-way line of control - ownership and regulation between the government, the regulator and the banks themselves, says CEA

PNB scam: Jewellers expect more casualties and tighter regulations

Informal lenders, suppliers to Nirav Modi and Choksi firms will be starved of cash

Rs 114-bn PNB scam: Why fraudsters prefer to use Letter of Undertaking

Most frauds in Indian banking have been due to use of LCs. And, PNB seems to be a favourite with such fraudsters

PNB reiterates: Will honour all bona fide commitments to other banks

The RBI, on Friday, denied reports it had issued instructions to PNB to meet its commitments under LoUs to other banks

Nirav Modi team had a free run at PNB; CBI quizzes Firestar's Vipul Ambani

Conniving PNB staff got 'commission' on every LoU

Virat Kohli, Priyanka and others caught in the PNB fraud case crossfire

The ensuing blame game could sully reputations and fracture an already fragile relationship between brands and endorsers

PNB scam: Met Dinesh Dubey only once, says ex-financial services secy Takru

Takru said he had met Dubey when the latter had offered to resign as director in Allahabad Bank

PNB fraud: Enforcement Directorate raids over 45 locations in 15 cities

The ED on Friday and Saturday also conducted raids at 35 and 21 locations across India respectively in connection with the 114 billion fraud

IOB banks on resolution of NCLT cases to cut swelling NPAs

The public sector bank has a total exposure of Rs 82 billion under NCLT in 24 accounts

Short-term financial condition for Q4 down by 12 pts, says report

External Financial Linkages index and Economic Activity Index have shown an improvement in the ongoing Q4 vis-a-vis the previous quarter

PNB scam: UCO Bank has $412 mn in exposure to fraudulent transactions

The alleged fraud at PNB benefited billionaire jeweller, Nirav Modi and jewellery retailer Gitanjali

PNB scam: Bank sees 23% jump in outstanding loan against wilful defaulters

PNB has unearthed Rs 114 billion fraud allegedly involving billionaire jeweller Nirav Modi and associate companies

Rs 114-bn PNB scam: 200 shell firms, benami assets under ED, I-T scanner

It is suspected that the shell firms were being used by the accused to launder money and create "benami" assets

Nirav Modi scam at PNB: Other banks also involved, alleges Mamata Banerjee

She also demanded an investigation into those involved in effecting the transfers or removals

Nirav Modi scam: Crisil puts Punjab National Bank's ratings under watch

The agency has an AAA and AA ratings on the various debt instruments of the Delhi based public sector lender

'Fraudsters' were linked to the 'highest echelons' of NDA, alleges Congress

The total NPAs of all public and private banks were worth Rs 8.36 trillion as of September 2017

PNB fraud case: Assocham appeals govt to reduce 50% stake in PSBs

He called upon the Reserve Bank of India to take a lead and engage with the industry in finding ways to do clean business in the entire financial sector

Indian Bank ramping up overseas ops in Sri Lanka, Singapore: CEO Kharat

Indian Bank had taken steps to increase business levels as there was 'slight stagnancy earlier'

Sebi probing alleged nexus between Nirav Modi firms and stockbrokers

The banking regulator is conducting a supervisory assessment of Punjab National Bank, while all banks have beefed up their vigil on all clients linked to diamond and jewellery trade