Page 820 - Finance News

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

IndusInd ties up with blockchain service Ripple to aid global payments

Ripple can now provide instant access in emerging markets such as India, Brazil and China, IndusInd Bank said in a release

Moody's upgrades outlook on IDBI Bank to 'positive' from 'stable'

Expects improvement in capital position and stable asset quality

How state-owned banks function: An explainer of PNB financial fraud

There are no clear regulations and guidelines on how much collateral should be guaranteed as against a loan

PNB scam: Fraud by Nirav Modi, Choksi widens to $2 bn; top 10 developments

The ED has summoned Punjab National Bank Managing Director & CEO Sunil Mehta in connection with the banking scam

PNB fraud: FinMin sets 15-day deadline for banks to fix operational gaps

Punjab National Bank disclosed a $2 billion fraud, stunning the country and putting the lack of supervisory oversight

Rs 114-bn PNB fraud gets bigger: Bank says total dues can be Rs 13 bn more

Punjab National Bank detected the fraud wherein Nirav Modi and associates allegedly acquired fraudulent letters of undertaking

OBC bank fraud: Facing probe, Simbhaoli Sugars says committed to clear dues

Oriental Bank of Commerce has filed a fraud monitoring report against Simbhaoli Sugars

PNB tightens staff transfer policy to ensure irregularities do not recur

Recap not discussed, PNB may approach govt for additional funds

Reserve Bank of India raises currency derivatives limit to $100 million

There would be 12 monthly standardised futures contracts of cross-currencies

CBI issues lookout notice against four accused in Oriental Bank scam

The four directors named as accused by the CBI in the case are - Sabhya Seth, Reeta Seth, Krishna Kumar Singh, and Ravi Singh