Banks general
India asks Antigua to detain Mehul Choksi
31 Jul 2018
SBI raises Fixed Deposit interest rates
31 Jul 2018
US court allows PNB to summon Nirav Modi, others over US asset sale
28 Jul 2018
A New York bankruptcy court has recognised Punjab National Bank’s claim on fugitive diamond trader Nirav Modi’s three US-based companies and allowed the bank to examine Nirav Modi, Mihir Bhansali and Rakhi Bhansali
Vijay Mallya offers to return as ED moves to confiscate his assets
25 Jul 2018
Beleaguered tycoon Vijay Mallya’s change of heart comes after the Enforcement Directorate moved to confiscate his assets in India and abroad under the Fugitive Economic Offenders Ordinance
Banks, FIs sign inter-creditor pact to fast-track NPA resolution
24 Jul 2018
As many as 22 public sector banks, 19 private and 32 foreign banks as well as financial institutions, including LIC, HUDCO, PFC and REC, signed the inter-creditor agreement to fast-track resolution of stressed assets
Bandhan Bank Q1 net rises 47.5% to Rs481.7 cr
19 Jul 2018
Govt drops FRDI bill citing public anxiety over bank deposits
18 Jul 2018
The bill, drafted in the backdrop of mounting bad loans with state-run banks, unnerved depositors as the bill proposed to limit insurance cover for bank deposits
Russia, India look for ways to smoothen forex dealings amidst US sanctions
06 Jul 2018
Since all Indo-Russian transactions are denominated in US dollars, Indian banks are reluctant to process them fearing loss of American and European businesses
Jaitley calls for graft law changes to stop witch hunt of bankers
04 Jul 2018
Arun Jaitley, who has become the first one from government to speak on the issue of abuse of law, said the Prevention of Corruption Act , a pre-1991 piece of legislation, was one of the most badly drafted laws and needed changes
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