Page 830 - Finance News

IOB banks on resolution of NCLT cases to cut swelling NPAs

The public sector bank has a total exposure of Rs 82 billion under NCLT in 24 accounts

Short-term financial condition for Q4 down by 12 pts, says report

External Financial Linkages index and Economic Activity Index have shown an improvement in the ongoing Q4 vis-a-vis the previous quarter

PNB scam: UCO Bank has $412 mn in exposure to fraudulent transactions

The alleged fraud at PNB benefited billionaire jeweller, Nirav Modi and jewellery retailer Gitanjali

PNB scam: Bank sees 23% jump in outstanding loan against wilful defaulters

PNB has unearthed Rs 114 billion fraud allegedly involving billionaire jeweller Nirav Modi and associate companies

Rs 114-bn PNB scam: 200 shell firms, benami assets under ED, I-T scanner

It is suspected that the shell firms were being used by the accused to launder money and create "benami" assets

Nirav Modi scam at PNB: Other banks also involved, alleges Mamata Banerjee

She also demanded an investigation into those involved in effecting the transfers or removals

Nirav Modi scam: Crisil puts Punjab National Bank's ratings under watch

The agency has an AAA and AA ratings on the various debt instruments of the Delhi based public sector lender

'Fraudsters' were linked to the 'highest echelons' of NDA, alleges Congress

The total NPAs of all public and private banks were worth Rs 8.36 trillion as of September 2017

PNB fraud case: Assocham appeals govt to reduce 50% stake in PSBs

He called upon the Reserve Bank of India to take a lead and engage with the industry in finding ways to do clean business in the entire financial sector

Indian Bank ramping up overseas ops in Sri Lanka, Singapore: CEO Kharat

Indian Bank had taken steps to increase business levels as there was 'slight stagnancy earlier'

Sebi probing alleged nexus between Nirav Modi firms and stockbrokers

The banking regulator is conducting a supervisory assessment of Punjab National Bank, while all banks have beefed up their vigil on all clients linked to diamond and jewellery trade

PNB fraud: No guarantee of better governance, privatise PSBs says Assocham

PNB said it had detected the gigantic fraud in one of its Mumbai branches, putting the quantum of fraudulent transactions at $1,771.69 million

PNB fraud: UCO Bank admits to having Rs 26.36-bn outstanding exposure

The PNB fraud pertains to issuance of fake Letters of Understanding to companies associated with billionaire jeweller Nirav Modi by errant PNB employees

PNB scam: Special court remands all 3 accused to CBI custody till March 3

CBI said accused were not cooperating with investigation so custody required 'to recover important missing documents'

Banks relied on India Ratings' A- outlook to lend to this Nirav Modi firm

This, despite Firestar International suffering from a high-leverage, off-balance-sheet exposure

PNB fraud: Whistleblower Hari Prasad deleted LinkedIn profile

Prasad's letter to the PMO was made public by the Congress

Accused ex-PNB deputy manager Gokulnath Shetty took only one promotion ever

A native Kannada speaker, Shetty grew up in Mangalore, but came to Mumbai for studies

Rahul Gandhi asks why PM Modi, Arun Jaitley are silent on PNB scam

Congress leader Singhvi issued statement claiming that his family company has no connections with Nirav Modi's firms, except that of renting them some property

PNB fraud: Privatise more PSBs, toughen rules, says Arvind Subramanian

CEA offers three compelling arguments in his case for privatisation of govt-owned banks

Banks may take a hit of at least Rs 176 bn from PNB scam: I-T Dept

But the total hit to Indian banks 'may well exceed' that amount, the I-T department said in its note