Page 821 - Finance News

PNB fraud case: Key Nirav Modi papers seized from law firm

The CBI, however, clarified that it was not examining the law firm

PNB fraud: Asset-backed securities not affected by scam, says Fitch Ratings

Asset-backed securities are bonds or notes backed by financial assets

PNB fraud: CBI seeks details of nostro transactions from 5 banks

The CBI has written to Canara Bank, Bank of India, State Bank of India, Allahabad Bank and Axis Bank

PNB scam: Govt fast-tracks bill to seize assets of defaulters fleeing India

Currently, confiscation can be done through multiple laws but it is a complicated process

Post PNB fraud, bank unions call off March 15 strike

The union said: 'Instead of a full-scale investigation, attempts are being made to single out a few lower level employees'

Bad news for Gitanjali, PNB, OBC: Few scam-related stocks regain lost glory

From the so-called Ketan Parekh (K-10) stocks to Unitech and DB Realty, scam-tainted stocks have fallen by 90 per cent or more from their all-time highs

OBC fraud: Simbhaoli Sugars says will honour payment commitments

OBC had sanctioned a loan amounting to Rs 1.48 billion in 2011 to the company for financing individual/joint liability groups, self-help groups and cane farmers in a tie-up under RBI scheme

KYC for payment wallets: RBI says no extension beyond February 28

However, customers who have balances in such wallets or prepaid payment instruments need not worry about their money, RBI said

HDFC bank submits report to Sebi over financial result leakage on WhatsApp

Sebi had found inadequate controls at HDFC Bank to be the 'prima facie' reason for the leakage of financial information through WhatsApp

PNB scam: CBI writes to five banks, seeks details of Nostro transactions

The Nostro account refers to an account that a bank holds in a foreign currency in another bank overseas to enable foreign trade by its clients

Amid rising NPAs and PNB fraud, PSU banks face credibility crisis

Will the public sector banks have enough capital to push growth in the light of recent incidents?

Fraud-hit PNB assures investors of early recovery, as probe widens

PNB has $120 billion in total assets, saw its shares fall for a third straight day on Friday

Rs 980-mn OBC bank fraud: CBI books Simbhaoli Sugars; top 10 developments

With the latest development, the bank could be looking at losses to the tune of Rs 5 billion

PNB fraud: Nirav Modi may face non-bailable warrant; top 10 developments

As part of its probe in the PNB fraud case, ED will send judicial requests to over a dozen countries for obtaining information about the overseas businesses and assets of Nirav Modi and Mehul Choksi

PNB scam fallout: Govt is revisiting plans of a bank-holding company

Such a company will hold the Centre's entire stake in PSBs and raise capital for them

Axis Bank to focus only on better-rated borrowers as bad loans soar

The bank is one of the worst-affected in the private sector after the Reserve Banks asset quality review

State Bank of India in UK set for major restructuring

All retail branches of SBI in the UK will fall under a new UK-incorporated banking entity instead of their previous status as overseas branches of the Indian entity

Banks struggle with farm loan target due to waivers, may lean on PSL certs

But they may achieve overall priority sector lending norms, as corporate loan growth has been slow

Catholic Syrian Bank to increase equity to allow Fairfax on board

Fairfax investment values bank at Rs 23 billion

PNB fraud: ED to trace assets of Nirav, Choksi from over dozen countries

The countries where the LRs would be sent include Belgium, Hong Kong, Switzerland, the United States, the United Kingdom, Dubai, Singapore and South Africa