Page 828 - Finance News

HDFC chief sees green shoots all around, investment cycle reviving

The economic survey has pegged growth at 7-7.5 per cent for FY19

Industry chambers for privatisation of PSBs, Congress against idea

Ficci President Rashesh Shah argued a dynamic banking sector was the need of the hour

Scam-hit Punjab National Bank says enough arrangements for customers

However, PNB added realisation of any specific asset would be decided at the time of need with the approval of board

Scam-hit PNB asks Gitanjali group companies to pay Rs 10.45 billion

Gitanjali Gems also released resignation letter of Independent Director S Krishnan

Revealed: Nirav Modi's Taiwan, Surat, Hong Kong & Dubai connections

Documents accessed by Business Standard show owners of suspected Hong Kong-based shell companies are spread across the globe

Govt tells PSBs to integrate banking systems, rotate staff as a policy

PNB's former deputy branch manager, Gokulnath Shetty, now charged with having initiated the fraudulent transactions, was at its Brady House branch for over seven years

Put more safeguards: Letter to BS on Nirav Modi's fraud at PNB

With the mother of all bank scams showing the authorities in poor light it is imperative for the regulator and banks to put more safeguards in place

PNB fraud is a clear cut case of no systemic accountability: Letter to BS

It is remarkable that despite losing Rs 2.65 trillion in a decade no head of institution has lost his job, leave alone face prosecution

Indian banks taking hit of $3 bn due to PNB fraud is false news: Govt

The fraud involved issue of illegal letters of undertaking and foreign letters of credit favour Nirav Modi and Gitanjali group of companies which were unauthorised by bank

I-T dept attaches 7 properties of Mehul Choksi, Gitanjali group in Mumbai

I-T sources said while four of these attached assets were in the name of Gitanjali Gems Limited, two were in the name of Mehul Chinubhai Choksi and one in the name of Gili India Limited

Nirav Modi diverted Rs 12.16-bn SEZ diamonds to domestic market: I-T Dept

Instead, low-quality diamonds were exported to associate units abroad to keep up the appearances

PNB closed all options to recover dues by going public: Nirav Modi

In a letter Modi wrote on Feb 15/16 to the PNB management, he pegged the amount his companies owes to the bank under Rs 50 bn

Regulatory lessons: India should reduce dependence on the banking system

The central error here is that the SWIFT inter-bank communication system is not monitored as carefully as it should be by some Indian banks

Assets worth Rs 57.16 bn, 1st LoU issued in Mar 2011 seized: ED on PNB scam

The ED is also moving to attach at least two dozen immovable properties of Modi, Choksi and their concerns under the Prevention of Money Laundering Act

'Explain how scam took place': CVC seeks report from PNB, FinMin in 10 days

The law enforcement agency has asked for names of officials who were involved in the scam and sought identification of officials who could have taken action and prevented it

PNB fraud case: Congress says it will oppose PSBs privatisation

Party releases documents that show Choksi was declared absconder in August 2017

PNB fraud: Govt thinks RBI may be unable to ensure effective supervision?

PNB shares slid for a fourth straight day on Monday, closing 7.2% lower

7 public sector bank stocks hit 52-week lows on Rs 114-bn PNB fraud case

UCO Bank slipped 4.58%, Dena Bank - 4.43% and Oriental Bank of Commerce - 1.71%

PNB will have to own responsibility of bona fide transactions, says FinMin

Financial services secretary, said the bank "will have to own responsibility of bonafide transactions."

PNB tanks 7% on Monday; m-cap plunges Rs 109.75 bn in four sessions

In four trading sessions, the stock has fallen 28 per cent