Cash Crunch Is Ugly Face of India's Bank Morass

Among the many theories being advanced to explain a shortage of currency in parts of India, a rotten-to-the-core banking system is the one hypothesis …


Videocon loan row: Banking Regulation Act may absolve Chanda Kochhar, but shouldn't ICICI Bank stop clinging to technicalities - Firstpost

Caesar’s wife should be above suspicion and beyond reproach. Chanda Kocchar, the managing director and CEO of the marquee ICICI Bank who is in the …


Liberty House sole bidder yet again for ABG Shipyard

London-based metals group Liberty House has emerged the sole bidder yet again in a third round of bidding for ABG Shipyard Ltd when the deadline for s

Business (India)

Nifty ends above 10,550, up 20.65 points

Mumbai, Apr 23 (PTI) Benchmark Nifty rose 20.65 points to end at 10,584.70 today, driven by buying in realty, pharma, IT, media, PSU bank and auto …


Equity indices inch-up; IT stocks rise

Mumbai, April 23 (IANS) The Indian equity indices witnessed a volatile trade session on Monday and closed on a flat-to-positive note as healthy …

Stock Markets

ICICI Securities IPO under Sebi scanner

ICICI MF is ICICI Securities’ largest public shareholder with 3.82% stake. Photo: Mint<p><b>Mumbai:</b> The stock market regulator Securities and Exchange …

Venture Capital

Govt may ask ICICI Bank tough questions on governance issues

<b>New Delhi:</b> The finance ministry is unlikely to be a silent spectator of the ongoing affairs in ICICI Bank. It is likely to raise the allegations of …


IBM And Major Banks Blockchain Partnership Reports First Live Pilot Transactions

IBM’s partnership with international banks to develop a Blockchain trade finance platform called Batavia has resulted in the platform’s first live …


Delhi HC Puts CBI in a Spot over Probe into Rs 30,000 Cr Coal Import Over-Invoicing

<b>New Delhi:</b> Stalled probes into the alleged Rs 30,000 crore coal import invoicing scam involving top corporate houses like Adani group, Reliance …


QBiz: RBI Governor Sure of Economic Recovery; Petrol Prices Surge

1. Economic Recovery on Firm Footing: RBI Governor Urjit Patel<p>India is witnessing a revival in investment activity after several quarters of …


Market LIVE: Sensex trades lower, Nifty flat, ICICI, Infosys fall

<b>Mumbai: The 30-share S&P BSE Sensex is trading lower by 19.42 points, or 0.06%, to 34,396.16, while the Nifty 50 of the National Stock Exchange (NSE)</b> …

Stock Markets

Plugged-In: India & China seek to patch up, Modi's PR lessons, 16 Naxals killed

<b>Front Page</b><p><b>India and China are trying to patch things up.</b> Prime Minister Modi and China President Xi Jinping will meet at an ‘informal’ summit in …


Crypto Price Watch: Stellar Lumens, Cardano, NEO, EOS, IOTA Spike Further

The recent price spikes of major cryptocurrencies like Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin seem to be rubbing off on smaller coins …


Finance Ministry examining issues in converting GSTN to govt Co.

The Finance Ministry is examining various issues including overhaul of procurement procedures and the salary structure of employees as part of the …


A sound bet for the long run

The fund adopts a defensive approach during market downturns


India shares lower at close of trade; Nifty 50 down 0.01%

© Reuters. India shares lower at close of trade; Nifty 50 down 0.01%<p>Investing.com – India equities were lower at the close on Friday, as losses in …

Stock Markets

Currency shortage in ATMs: Some triggers came early last year

An ATM in Gujarat that has run out of cash. Express Photo<p>The Government may have attributed the ongoing currency shortage on “hoarding”, a “shortage …


Indian ICICI Bank Enlists 250 Corporates To Int’l Trade And Finance Blockchain Platform

Indian banking giant ICICI Bank has consigned more than 250 corporates to its Blockchain platform for domestic and international trade finance …

Bank of England

18,000 JPMiles for 5,000 Rupees!

Jet Airways and ICICI Bank have been issuing co-branded credit cards since 2012. Over this five year partnership, this has been a card that has been …

Jet Airways

ICICI Officials Accused of Tricking Hundreds Into Buying Insurance Instead of FD Schemes

<b>Jaipur:</b> The Rajasthan police’s special operations group (SOG) is investigating multiple ICICI bank and ICICI Prudential officials for allegedly …


Non-performing assets: IndusInd Bank reports Rs 1,350-crore divergence

IndusInd Bank is the latest to join the list of NPA underreporting private sector lenders after HDFC Bank, ICICI Bank Axis Bank and YES Bank.<p>Private …

Axis Bank

Market Wrap: Sensex, Nifty close flat, IT stocks top gainers

BSE Sensex closed lower by 11.71 points at 34,365.07, while the Nifty 50 edged down 1.25 points to close at 10,564.05. Here are the highlights from …

Stock Markets

ICICI Bank working on a succession plan

Board exploring options to revive positions of Joint Managing Director, Deputy MD; no immediate plan to replace Chanda Kochhar

Succession Planning

India’s banking system requires a stronger watchdog

RBI’s supervisory capacity needs strengthening—including better training, more specialization and longer tenures for officials, among other measures

Axis Bank

Facebook has no plans to bring digital payments on Messenger to India yet: Report- Technology News, Firstpost

Facebook has no plans as of now to bring digital payment facility to its Messenger application in India, informed sources said on Thursday.<p>Facebook. …

Axis Bank

Ahead of monsoon, rural economy at risk of slowdown over cash crunch

With cash transactions routed through banks taking a hit due to a cash crunch, the rural economy is at the risk of a slowdown ahead of the monsoon. …


QBiz: ICICI Bank Head Meets MF Heads; RBI Firm on New NPA Rules

1. ICICI Bank Chairman Meets MF Heads over Succession Plan, If Kochhar Quits<p>With investments of over Rs 300 billion riding on the stock, heads of …

Income Tax

ATMs run dry: Lessons of demonetisation seem to be forgotten as cash becomes king again - Firstpost

There could be just two explanations for the shortage of cash in Indian ATMs. One, there is a gap between supply and demand, Two, cash is king again. …


‘Lack of freedom in PSBs behind bad loans problem’

Former chairman of the Securities and Exchange Board of India (SEBI), M. Damodaran, has attributed the lack of freedom in public sector banks as one …


Plugged-In: Show us the money, FM; and another day, another child raped

<b>Front Page</b><p><b>Ghost of demonetisation returns:</b> Finance minister Arun Jaitley spent all of Tuesday answering why ATMs were still cash-strapped in at least …