Page 825 - Finance News

Loans will be disbursed based on data, says Nandan Nilekani

Nilekani said the data available in the GST system could be the basis of credit.

Rs 114-billion PNB fraud: FinMin to meet bankers to resolve payment issue

PNB fraud pertains to issuance of fake Letters of Understanding to firms associated with Nirav Modi

PNB fraud: ED probing 120 shell firms linked to Nirav Modi, Mehul Choksi

According to ED officials, Nirav Modi, Neeshal Modi, and Mehul Choksi are directors or partners in about 100 companies registered with the Registrar of Companies in Mumbai

I-T dept questions PNB chief again; bank board to meet on February 26

The board meeting comes at a time when Arun Jaitley has come down heavily on PNB's management for its failure to check the fraud

Scam-hit PNB to move out of Nifty Midcap 100 index

PNB is among the 46 companies that will be excluded from the Nifty free float Midcap 100 index

PNB fraud: Congress seeks Arun Jaitley's resignation on moral grounds

Like Lalit Modi and Vijay Mallya, he (Nirav Modi) too has gone out of the country under the government's patronage,says Chavan

RBI members say inflationary risks to remain in near term: MPC minutes

RBI minutes: MPC concerned over rising inflation

RBI MPC minutes: Economic recovery is at a nascent stage, says Urjit Patel

Effective supply management by government could help in keeping food inflation under check, RBI governor said

PNB scam: Nirav Modi hasn't fled, out of India for business, says lawyer

The first high-profile arrest in connection with the Punjab National Bank fraud case took place on Tuesday when the CBI arrested Vipul Ambani

Rotomac Pens Rs 37 bn-fraud: CBI questions Vikram Kothari, son in Delhi

Rotomac allegedly took loans from 7 banks - Bank of Baroda, Bank of India, Bank of Maharashtra, Indian Overseas Bank, Union Bank of India, Allahabad Bank, Oriental Bank of Commerce

Yes Bank gets committee nod for raising Rs 30 billion via Basel-III bonds

The Yes Bank scrip was trading 0.87 per cent lower at Rs 306.60 per share on BSE

PNB fraud: CBI arrests bank official of general manager rank in Delhi

Rajesh Jindal, head of the Brady House branch in Mumbai during 2009-11, was taken into custody last night

PNB fraud: Not all banks have SWIFT integrated with CBS, say bankers

It is up to the bank management to decide which application gets to interact with the CBS

PNB Rs 114 bn fraud: Nirav Modi's seized assets may only fetch a fraction

Probe agencies suspect the market value of stock to be much lower than book value

After strong growth in retail, corporate lending is a new space for NBFCs

NBFCs have seen a strong growth rate in retail, but corporate lending is a new space for them

I-T sleuths question PNB's Sunil Mehta; CBI arrests Firestar's Vipul Ambani

The CBI also questioned an executive director of the PNB along with nine other officials

PNB crisis: RBI's Malegam-led panel to look into NPA divergence, bank fraud

The panel will be headed by former RBI board member Y H Malegam, who had also earlier led several RBI committees on important reform measures

PNB fraud: Govt to chase down those who cheat banking system, says Jaitley

Jaitley also questions role of auditors

PNB fraud impact: Fitch, Moody's place lender's rating under watch

Moody's has placed the bank's Baseline Credit Assessment (BCA) and adjusted BCA of ba3 and the Counterparty Risk Assessment (CRA) of Baa3(cr)/P-3(cr) under review for a downgrade

First big arrest in PNB fraud: Vipul Ambani, four others held by CBI

Ambani was arrested along with executive assistant Kavita Mankikar and Senior Executive Arjun Patil in connection with the first FIR registered by the agency