Banks general
PNB fraud: net widened; Modi, Choksi passports suspended
17 Feb 2018
By Friday, the ED and CBI had searched 35 locations in 11 states and seized jewellery worth Rs5,100 crore in connection with the Rs11,400 crore ‘fraud’ pulled by jewellers Nirav Modi and Mehul Choksi on Punjab National Bank
FRDI Bill pits depositors against borrowers
14 Feb 2018
While the Department of Economic Affairs has hinted at an upward revision in the deposit insurance cover, RBI governor has suggested Rs1 lakh status quo to save banks from increased liability amidst rising bad loans
PNB reports Rs10,000-cr fraudulent transactions in its Mumbai branch
14 Feb 2018
PNB said the unauthorised transactions (messages) involved a few select account holders in a Mumbai branch, based on which other banks appear to have advanced money to these customers abroad
RBI tightens rules for bad-loan resolution
13 Feb 2018
RBI today issued a revised framework for resolution of bank loan defaults, widening the net for bankruptcy proceedings against loan defaulters and in the process abolishing half a dozen existing loan-restructuring mechanisms
RBI keeps policy rates unchanged amidst a spike in inflation
07 Feb 2018
The Monetary Policy Committee of the central bank today decided to keep the repo rate unchanged at 6 per cent and the reserve repo rate at 5.75 per cent, while holding the Bank Rate at 6.25 per cent, citing inflationary pressures
Latest articles
Featured articles
Hariman Sharma lets apple travel to India’s warmer climes
10 Feb 2025
Apple, which was the preserve of the cooler Himalayan region in India, is now everywhere – in the East, the West and the South - thanks to one enterprising Himachal farmer, Hariman Sharma.
The cost of neglecting water transport
03 Feb 2025
Inland water transport is widely recognised as a cheaper and environment friendly mode of transport and, as per a report prepared by RITES
Crypto Currencies Trying To Undermine Global Financial System
27 Jan 2025
US President Donald Trump, it seems, is the latest to join the frenzy for personal or corporate currency, with $TRUMP, or what they call a meme coin, giving a further boost to his crypto image.
As costs of saying final goodbyes rise UK families resort to crowdfunding to pay for funerals
By Axel Miller | 16 Jan 2025
The cost of saying a final goodbye to loved ones in the UK has reached a grim new high, leaving families grappling with unexpected financial burdens.
The life and times of Manmohan Singh, former Prime Minister of India
By Cygnus | 28 Dec 2024
On 27th December 2024 India and the world lost one of their finest statespersons in a hundred years. Manmohan Singh, born on 26th September 1932, in Gah, Punjab (now in Pakistan)
The remarkable Ratan Tata
By Kiron Kasbekar | 23 Oct 2024
One newspaper report of Ratan Tata’s passing away showed an old photo of him climbing into the cockpit of a Lockheed Martin F-16 fighter.
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
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