Search For "banks"
Rotomac bank fraud: Vikram Kothari, his son arrested
Updated : 8 years, 1 month ago IST
New Delhi [India], Feb 22 (ANI): The Central Bureau of Investigation (CBI) on Thursday arrested the owner of Rotomac Pens, Vikram Kothari, and his son Rahul Kothari in connection with a case of loan default of approximately Rs 3,700 crore taken from seven public sector banks.
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Credit card fraud: 10 held, Rs 6.9 lakh seized
Updated : 8 years, 1 month ago IST
Hyderabad, (Telangana) [India], Feb. 22: The police authorities busted a gang involved in credit card frauds and arrested ten people here on Thursday.
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RBI alerted banks on possible misuse of SWIFT
Updated : 8 years, 1 month ago IST
New Delhi [India], Feb 20 (ANI): The Reserve Bank of India (RBI) on Tuesday released a statement asserting that it had confidentially cautioned and alerted banks on the possible misuse of SWIFT, on at least three occasions since August 2016.
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PHD Chamber expresses concern that PNB Fiasco might Impact Ease of doing B
Updated : 8 years, 1 month ago IST
New Delhi [India], Feb 20 (ANI-NewsVoir): India's leading industry Chamber PHD Chamber of Commerce and Industry has expressed concern over the crisis triggered in the banking industry post Punjab National Bank episode. PHD Chamber is surprised how the banks internal audit system failed to de
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Fin Min negates reports claiming Indian banks could take hit of over USD 3
Updated : 8 years, 1 month ago IST
New Delhi [India], Feb 19 (ANI): The Finance Ministry on Monday rubbed off media reports claiming that Indian banks could take a hit of over USD three billion, in connection with Punjab National Bank (PNB) - Nirav Modi fraud case.
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Public sector banks to transfer officers completing 3 years
Updated : 8 years, 1 month ago IST
New Delhi [India], Feb. 19 (ANI): In the wake of Punjab National Bank fraud case, the Central Vigilance Commission on Monday issued an advisory to all the public sector banks ordering them to transfer the officers who have completed three years as on December 31, 2017.
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ASSOCHAM urges reduction of govt. stake in banks
Updated : 8 years, 1 month ago IST
New Delhi [India], Feb 18 (ANI): In lieu of the ongoing fraudulent transaction scam involving Punjab National Bank, the ASSOCHAM demanded that the government to reduce its stake in banks to less than 50 percent.
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Sensex witnesses 134.95 point surge, Nifty at 10,586.90
Updated : 8 years, 1 month ago IST
Mumbai (Maharashtra) [India], Feb. 16 (ANI): After facing immense pressure for the third consecutive day, the shares of Punjab National Bank (PNB) continued to trigger the markets.
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PNB issues confidential Memo to banks after Nirav Modi fraud case
Updated : 8 years, 1 month ago IST
Mumbai (Maharashtra) [India], Feb 15 (ANI): Two days before suspending 10 of its officials in connection with jewellery designer Nirav Modi fraud case, the Punjab National Bank (PNB) on Monday sent a caution notice to all the banks, informing about the modus operandi of the fraud.
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Danielle Herrington features on Sports Illustrated cover
Updated : 8 years, 1 month ago IST
London [U.K.], Feb. 14 (ANI): Sports Illustrated Swimsuit revealed its new cover star for 2018 edition on Tuesday - Danielle Herrington.
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Small Savings Act amended to allow flexibility to investors
Updated : 8 years, 1 month ago IST
New Delhi [India], Feb 14 (ANI): In order to remove existing ambiguities due to multiple acts and rules for small saving schemes and further strengthen the objective of "Minimum Government, Maximum Governance", the Finance Ministry on Tuesday proposed a merger of the Government Savings Certi
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RBI rolls out new stressed assets framework to tackle bad loan problem
Updated : 8 years, 1 month ago IST
Mumbai (Maharashtra) [India], Feb 13 (ANI): The Reserve Bank of India (RBI) scrapped numerous loan restructuring programmes, asking banks to immediately identify defaults and make disclosures every Friday to the RBI credit registry, starting from February 23.
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