Banks general
Videocon issue: ICICI Bank chairman defends CEO Chanda Kochhar
29 Mar 2018
ICICI Bank chairman M K Sharma said large loans are approved by board's credit committee and the bank’s CEO was not head of the committee
PNB could become a defaulter in 5 days, courtesy Nirav Modi
26 Mar 2018
The Rs12,700-crore fraud committed by diamantaire Nirav Modi and his associates could get PNB listed as a defaulter if the bank fails to repay Rs1,000 crore to another state-run bank, Union Bank of India (UBI), by 31 March
ArcelorMittal bid queers the pitch for local bidders of Essar Steel
26 Mar 2018
Banks led by State Bank of India, had, last week, voted in favour of inviting bids from six companies which had submitted expressions of interest after the resolution professional declared bids from ArcelorMittal and Numetal as ineligible
India’s cyber security chief does not trust internet banking
16 Mar 2018
India’s cyber security chief Gulshan Rai revealed that he does not trust internet banking and keeps a low balance in his account avoid fraud
Urjit Patel seeks more teeth for RBI to police state-run banks
15 Mar 2018
In the wake of the massive fraud at the Punjab National Bank, RBI Governor Urjit Patel said the central bank had "very limited authority" over state-run banks, where ‘dual regulation’ by the state and the RBI is leading to problems
Urjit Patel seeks more teeth for RBI to police state-run banks
15 Mar 2018
In the wake of the massive fraud at the Punjab National Bank, RBI Governor Urjit Patel said the central bank had "very limited authority" over state-run banks, where ‘dual regulation’ by the state and the RBI is leading to problems
After Nirav Modi-PNB scam, RBI bans LoUs, Letters of Comfort
14 Mar 2018
The Reserve Bank of India has banned banks from issuing Letters of Undertaking or Letters of Comfort in the wake of the Rs1,400 crore Punjab National Bank fraud, though Banks can continue to issue guarantees and letters of credit
Adani Group sitting on a Rs72,000-cr NPA bubble: Subramanian Swamy
07 Mar 2018
While Adani Group's total debt stands at Rs99,181.09 crore, the group claims that only Rs34,000 crore of its long-term borrowings was being "regularly serviced"
SFIO summons ICICI Bank, Axis Bank chiefs in PNB fraud case
07 Mar 2018
The Serious Fraud Investigation Officehas summoned ICICI Bank chief Chanda Kochhar and Axis Bank chief Shikha Sharma to seek information on the evolving Punjab National Bank fraud involving diamantaires Nirav Modi and Mehul Choksi
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