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1-10 results from 1000 for query «banking»

17 March, 2018 4:49 PM In PNB Fraud, 11 Accused Get Judicial Custody Till March 28

PNB Fraud: The CBI has alleged that the firms controlled by diamond baron Nirav Modi and his uncle Mehul Choksi had obtained fraudulent LoUs and letters of credit (LCs), worth over Rs 13,000 crore from the PNB in connivance with some officials of the bank. Mumbai: A special CBI court in Mumbai today remanded the 11 accused arrested in connection with the multi-crore 18

17 March, 2018 2:10 PM PNB scam: 11 in judicial custody till March 28

Nirav Modi’s firms allegedly defrauded the PNB of over ₹ 6,500 crore, while Mehul Choksi’s firms ₹7,080 crore. A special CBI court here on Saturday, March 17, 2018, remanded in judicial custody till March 28 the 11 accused arrested in connection with the multi-crore Punjab National Bank (PNB) fraud case. The CBI has alleged that the firms controlled 50

17 March, 2018 3:34 AM RBI has enough powers to supervise banking sector: C Rangarajan

Disagreeing with RBI Governor Urjit Patel, former central bank chief C Rangarajan on Friday said the Reserve Bank has 'enough powers' to supervise the banking sector, though it has to consult government while taking action against earring bankers. Disagreeing with RBI Governor Urjit Patel, former central bank chief C Rangarajan on Friday said the Reserve 65

16 March, 2018 1:24 PM Banks' NPA steadily rising for past 8 years: MoS Finance Shiv Pratap Shukla

The finance ministry on Friday informed the Lok Sabha that bad loans in the banking sector have been rising steadily for the past eight years and in case of state-run banks it crossed Rs 7.77 lakh crore at December-end 2017. In different written replies in the house, Minister of State for Finance Shiv Pratap Shukla said gross non-performing assets (NPAs) 30

16 March, 2018 10:55 AM Bloodbath on Dalal Street; Sensex tumbles over 500 points, Nifty drops below 10,200

New Delhi: A huge sell-off across all sectors – led by oil and gas, metals, auto and banking stocks –dragged the Indian equity to close deep into the red on Friday. The BSE Sensex shed over 509.54 points or 1.51 percent to close at 33,128.99 while the NSE Nifty dropped 165.00 points or 1.59 percent to close at 10,195.15. The BSE market breadth was bearish 26

15 March, 2018 4:57 PM Rijiju blames malware for two bank heists

One bank recovered all the money, another yet to Minister of State for Home Affairs Kiren Rijiju said on Thursday that SWIFT-based malware attacks were reported in two Indian banks. He said an employee of the Union Bank of India mistakenly opened an e-mail that he thought had been sent by the Reserve Bank of India (RBI) leading to one of the biggest 43

15 March, 2018 12:34 PM Subscribe to Bandhan Bank IPO

Bandhan Bank Ltd ( BBL) was incorporated on December 23, 2014 and began operations on August 23, 2015 by opening a greenfield network of 501 bank branches and 50 automated teller machines (“ATMsâ€�), which as of December 31, 2017 have increased to 887 bank branches and 430 ATMs, together serving over 2.13 million general banking customers. Bankâ 25

15 March, 2018 5:43 AM Capital raised via IPO to help grow biz; aim to keep costs in check: Bandhan Bank

The capital raised via IPO will give bank strength to grow its business, said Chandrashekhar Ghosh, MD and CEO, Bandhan Bank. In what is touted as one of the biggest banking initial public offering (IPO) in recent times, Bandhan Bank aims to raise around Rs 4500 crores through it. The IPO opens today. Speaking to CNBC-TV18, Chandrashekhar Ghosh, MD and CEO, Bandhan 32

13 March, 2018 2:39 PM SBI reduces charges for non-maintenance of minimum balance

The State Bank of India on Tuesday reduced its charges on non-maintenance of an average monthly balance (AMB) in savings accounts by up to 75%, effective April 1. The charges for non-maintenance of AMB for customers in metro and urban centres have been reduced from a maximum of ₹50 per month plus goods and services tax (GST), to ₹15 per month plus GST. The above 35

13 March, 2018 10:10 AM Southeast Asian ride-hailing app Grab expands into lending

Southeast Asian ride hailing app Grab is expanding into financial services in partnership with a Japanese credit card company, hoping to offer credit to millions of people without bank accounts. Grab, founded by Malaysian businessman Anthony Tan, said today it will use its "huge cache" of customer data from the app to provide ways to measure creditworthiness 65