Page 834 - Finance News

Rs 114-bn PNB fraud case: Banks ignored potential red flag for two years

Lenders allowed CARE to withdraw ratings for Nirav Modi's company

PNB fraud: Rs 49-bn unexplained funds in Nirav Modi, Choksi firms, says I-T

PNB executives had opened fraudulent letters of undertakings (LoUs) without authority on behalf of firms belonging to the Nirav Modi group

Rs 114-bn scam: Pay up dues to banks for claims against LoUs, RBI tells PNB

RBI seeks detailed report on what happened between 2011 and now; bankers to recall loans to Nirav Modi entities

Rs 114-bn PNB fraud: People, not processes, responsible, say bankers

Bankers say it is the nature of the business of public sector banks that makes them susceptible to fraud

Rs 114-bn PNB fraud: Congress, BJP lock horns over Nirav Modi link

Senior BJP leader and Law Minister Ravi Shankar Prasad rebutted the Congress's allegations on the issue

PNB scam: How Nirav Modi, one of India's richest men executed a $2 bn fraud

With several questions still unanswered, here's what we know about the PNB fraud case

Rs 110-bn PNB fraud: Govt asks banks to submit status report by weekend

The bank has detected some fraudulent transactions in one of its branches in Mumbai for the benefit of a few select account holders with their apparent connivance, PNB said

PNB suspends deputy manager, 9 others after uncovering Rs 110-bn fraud

Earlier in the day, the state-owned lender said that they had cracked a case of swindling, which was contingent in nature

PNB's $1.8 bn fraud at its Mumbai branch can spread to other banks too

The case poses further questions about the health of India's other banks, that are already grappling with one of the worst ban-loan ratios among big economies

CBI registers Rs 800-million bank fraud case against PNB officials

The cases relate to four branches of the bank in Bhopal and Ujjain in Madhya Pradesh

RBI ready to inject additional liquidity into banks by March end

The RBI will also allow standalone primary dealers to avail term repo auctions on March 28,

Core banking transactions soar 400% in 2017 on digital agents: Report

Almost two-thirds of the agents conduct interoperable transactions, finds the report

Allahabad Bank reports net loss of Rs 12.64 bn in Q3 as bad loans rise

Provision for taxes and other contingencies rose by 169.32% to Rs 24.13 bn

States may lose Rs 120 bn in share of central taxes over road & infra cess

The road and infrastructure cess will now effectively generate the same amount to the Central revenues in the next financial year

PE-backed Fincare Small Finance Bank eyes Rs 100 billion assets by FY21

Several financial institutions, including SIDBI, Kotak Mahindra Life Insurance and Edelweiss Tokio Life Insurance have also invested in the lender

Banks develop a taste for venture capital after Sidbi backed new VC firms

Alteria Capital, the venture debt fund floated by Hattangdi and his former colleague Vinod Murali, has roped in a public sector bank and a private bank

Piramal Fin to invest Rs 30 bn in affordable, mid-income housing projects

The company has identified projects in the Mumbai metropolitan region, Bengaluru and Chennai

Banks may take Rs 305-bn hit on rising bond yields, PSBs affected most

Banks collectively had reported a gain on treasury of Rs 598 billion in FY17

NPA levels of banks set to bloat with RBI's mega resolution framework

New RBI rules make accounts with 60-90 days' unpaid dues vulnerable

RBI's new rules on NPAs to weigh on bank stocks; PSBs to face bigger impact

Though framework is positive for banking sector in long-term, it will take a toll on its profits in near-term as provisioning will increase