Page 819 - Finance News

Bihar youth commits suicide as Punjab National Bank refuses to give loan

District police official Vidhassgar said police has begun an investigation from all angles

CBI registers disproportionate assets case against ex-CMD of United Bank

She joined United Bank of India on April 23, 2013 as Chairman-cum-Managing Director, a position she held till February 20, 2014

Indian Overseas Bank repays medium term notes of $500 million

IOB had raised these funds for business expansion and lending in the year 2011 and 2012

Nirav Modi case: CBI recovers documents related to LoU from Mumbai 'chawl'

It is alleged that LoUs and LCs worth close to $2 billion were issued to the companies of uncle-nephew duo of Choksi and Modi from the Brady Road branch of the bank through SWIFT

EMIs set to rise as SBI, PNB raise lending rates

SBI hiking of the MCLR makes it the first hike in the 1-year MCLR since the inception of a new lending rate system in April 2016

Public sector banks need to improve governance infrastructure: SBI chief

Talking about State Bank of India, Kumar said SBI has a good risk mitigation architecture

Despite bank fraud, this $40-bn fund manager finds India as surprise haven

'The extremely positive environment for investing in Indonesian banks or Brazilian consumers in 2010, 2011, 2012 -- that's where India could go in the next few years,' James Syme

PNB denies reports RBI didn't conduct any audit at Brady House branch

Earlier, the fraud amount was said to be Rs 114 billion, but onn Tuesday, the bank had informed the stock exchanges that additional amount of Rs 13 billion had been discovered to be part of the fraud

PNB fraud: ED attaches Rs 12-bn assets of Mehul Choksi; 10 developments

The development comes a day after a Blue Corner notice was issued against the Gitanjali promoter and Nirav Modi

ICAI seeks govt help for access to PNB fraud data

ICAI intends to investigate the chartered accountants of PNB

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