Punjab National Bank

lack of ethics in corporate governance led to Nirav Modi scandal: Goa B-school director

Panaji, Aug 19 (IANS) lack of ethical grounding in corporate governance is the reason behind scandals like the one involving diamantaire Nirav Modi …

India

Public notice issued against Mehul Choksi, two others

The notices have been issued against Choksi, his son Rohan Parth, and close aide Sunil Varma. The notices which were published, have been issued by …

India

Nifty Closes At Record 11,470, Sensex Jumps 284 Points

Most sectors registered gains with defensives such as fast-moving consumer goods and healthcare leading the advances.<p>Domestic stock markets surged on …

Stock Markets

What changed for the market while you were sleeping? Top 12 things to know

A list of important headlines from across news agencies that could help in your trade today.

Stock Markets

All You Need To Know Going Into Trade On August 16

Asian stocks extended declines and the yen climbed after technology shares slumped on earnings concerns and copper sank into a bear market, weighing …

Markets (India)

Sebi eyes framework for timely loan default disclosures

Securities and Exchange Board of India (Sebi) is considering timely and detailed disclosures by listed entities in regards to their loan defaults.In …

Finance

Attack on Umar Khalid: Caught on seven CCTVs, accused last seen near Gol Dak Khana roundabout

A fish symbol is inscribed on both sides of the pistol. The butt of the weapon is made up of plastic, and one side of the barrel says ‘Made in India’.<p>…

Business (India)

QBiz: Rupee Breaches 70 Mark; Trade Deficit At Five-Year High

1. Rupee Breaches 70 Mark, Putting Pressure on Government<p>The rupee fell to a record low of 70 against the US dollar on Tuesday, 14 August, amid fears …

Business (India)

PNB scam: Singapore government rejects Nirav Modi's plea for citizenship

The Singapore government has rejected fugitive diamond merchant Nirav Modi's application for citizenship and passport of the country.Earlier, Nirav's …

Nirav Modi

Independence Day 2018: CBI Officer probing PNB scam awarded President Medal

As many as 30 officers of the CBI including D Damodaran, who is the investigating officer of the PNB scam allegedly involving Nirav Modi and Mehul …

India

Extradition among options India trying to get back Mehul Choksi

India is looking at two options to bring back Mehul Choksi, co-accused in the Rs 13,600-crore Punjab National Bank loan fraud, from Antigua and …

India

Daily News Podcast: Jet Airways to evaluate funding options : Bulletin

<b>Retail inflation slows down to 9-month low level in July</b><br>Retail inflation plunged to a 9-month low of 4.17 per cent in July as vegetable prices fell, …

Jet Airways

After ex-Allahabad Bank CMD Usha Ananthasubramanian's dismissal, more PSU banks without a full-time chief

<b>New Delhi:</b> With the sudden dismissal of Usha Ananthasubramanian as managing director (MD) and chief executive officer (CEO) of Allahabad Bank, the …

India

After SBI and PNB, Allahabad Bank reports loss during June quarter

Allahabad Bank’s gross NPAs stood at 15.97% of the total advances during the June quarter against 15.96% in the previous quarter. Photo: Mint<p>MUMBAI: …

Allahabad Bank

Q1 Results: IDBI Bank’s Bad Loans Rise Further In First Quarter

IDBI Bank remained India’s worst lender by asset quality as gross bad loans rose and losses widened in the April-June period.<p>Gross non performing …

Markets (India)

Banks trim overseas operations to focus on improvement in domestic business

As part of the government#39;s effort, reduction in international business is helping lenders improve focus on domestic growth thereby improving …

Business (India)

Gujarat: Job freeze hurts operations, customer service, says PNB union

Freeze on new recruitment is hurting banking operations and customer service, said union leaders of Punjab National Bank (PNB) on Monday. They …

Customer Service

QBiz: Rupee Hits All-Time Low; Amazon Invests Rs 2,700 cr in India

1. Rupee Crashes to All-Time Low of 69.91 on Turkish Lira Shock<p>The rupee crashed by Rs 1.08 or 1.57 percent to end at a historic low of 69.91 against …

India

Will further strengthen internal systems: PNB

New Delhi, Aug 13 (IANS) State-run Punjab National Bank (PNB) on Monday said it will continue to strengthen its internal systems to foil any future …

New Delhi

Ambiguity in Jet Airways’ loan status

Jet Airways’ loan account with multiple banks may have been moved to default status for a brief period. According to a report from the Central Reposit

Jet Airways

Sensex Dives 224 Points as Turkish Crisis Frightens Investors

The Indian rupee on Monday plummeted to its life-time low of 69.85 (intra-day) against the US dollar, tracking global cues.<p><b>Mumbai:</b> The benchmark …

India News

Scandal-hit PNB wants south Indian banks to help revive its fortunes

<b>Turnaround plan includes acquiring other PSU banks that have a strong presence in south India.</b><p><b>New Delhi:</b> Punjab National Bank (PNB) is set to …

India News

Five things to watch out for today

Chief Minister Mamata Banerjee will lay the foundation stone for an IT park in Rajarhat which the West Bengal government plans to build in the lines o

Silicon Valley

FinMin unlikely to heed RBI’s demand for greater power over PSU banks

The IMF in its recent India report sought to make RBI’s regulatory and supervisory powers ownership neutral by amending relevant laws. Photo: Abhijit …

Business (India)

Closing Bell: Sensex, Nifty Close Lower For Second Straight Session

The Nifty Bank and the Nifty Financial Service fell 1.2 per cent and 1.4 per cent respectively.<p>Domestic stock markets started the week on a lower …

Stock Markets

After Mehul Choksi & Nirav Modi, SEBI fears this TMC MP will be next to flee the country

<b>In a July affidavit in Calcutta HC, SEBI submitted that Singh allegedly ‘siphoned off’ close to $100 mn to accounts in Europe.</b><p><b>New Delhi:</b> After Mehul …

India

Bank of Baroda chair tells New Delhi to back off state bank hires | Financial Times

The chairman of one of India’s biggest state lenders has urged the government to give up appointing top bank executives, arguing the move would boost …

Bank of Baroda

SBI to sell NPAs Bombay Rayon Fashions, Shivam Dhatu worth Rs 2,490 cr

SBI will sell two non-performing assets worth about Rs 2,490 crore and has invited bids for them. In terms of the bank’s revised policy on sale of f

Bank of India

PNB scam: Special court asks Nirav Modi’s siblings to appear before it on September 25

The court, set up under the new Fugitive Economic Offenders Act, issued the summons through newspaper notices on Saturday.<p>A special court in Mumbai …

India

Nirav Modi's family summoned to court under new fugitive act

The notice against Purvi and Neeshal show causes them to explain as to “why the properties mentioned in the application (filed by the ED earlier), in …

India News