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Latest Articles in banking

Maximum Complaints Against Banks, Telecom Depts In Last 3 Years: Govt

A total of 1,06,299 and 1,21,075 complaints were received by the DFS (banking division) and DoPT last year

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PNB Woes Spur Goldman To Downgrade India's Economic Growth Forecasts

Goldman Sachs lowered its real gross domestic product (GDP) forecast on India for the year to March 2019 to 7.6 percent from 8 percent earlier

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Canara Bank Shares Tumble After Police File Charges In New Fraud Case

The case is the latest in a string of bank frauds reported to authorities in the aftermath of a sprawling $2 billion fraud that was unearthed weeks ago at Punjab National Bank

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Rosy Blue Group Has Not Defaulted On Any Bank Loan: Russell Mehta

He also said that the group has a clean credit history with no instance of default

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RBI May Hike Repo Rate By 0.25% In 2018: Report

The key repo rate at which it lends to the system stands at 6 per cent currently

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PNB May Be Given 1 Year To Provision Against Rs 12,646 Crore Fraud

Bank has written a letter to banking sector regulator seeking its opinion on making provisions for fraud

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State-run Banks Facing Over $3 Billion Of Losses On Bonds In Jan-March: Credit Suisse

New Delhi is in the process of injecting $14 billion of the recapitalisation outlay into the banks during the current quarter, which is also the deadline for the lenders to achieve a central bank-mandated minimum 50 percent provisioning on the loans to companies in bankruptcy court

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Banks Need To Overcome Problems Fast To Lend Large Credit: Rangarajan

His remarks come amid the Rs 12,700 crore fraud detected recently at the Punjab National Bank (PNB) and the banking system's overall struggle to overcome mounting bad loans

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Government Banks Wrote Off Rs 81,683 Cr Loans In FY17

In a written reply, Jaitley said that writing-off of loans is done for tax benefit as well as capital optimisation and borrowers of such loans continue to be liable for repayment

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PNB Scam: SFIO Calls Top Private Bankers

The SFIO is said to have asked senior executives from the 31 banks who have done business dealings with the firms promoted by Modi and Choksi to be present at its office in the financial capital

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RBI Slaps Rs 3 Cr Penalty On Axis Bank, 2 Crore On Indian Overseas Bank

RBI carried out a statutory inspection of Axis Bank with reference to its financial position as on March 31, 2016

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Nirav Modi's Bankrupt US Firm Firestar Diamond Whets Buyer Interest Amid $2 Billion Fraud Probe

Firestar Diamond and its affiliates had annual sales of around $90 million, with clients such as Costco Wholesale, Macy's and JC Penney Co Inc

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‘Customers View Insurance Tools As Means Of Financial Planning’

In an interview, Ashish Vohra, CEO, Reliance Nippon Life Insurance, talks about health insurance schemes and more

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As Safe As A Bank!

The idiom has lost its meaning. The Nirav Modis of the world have shown how easy it is to short circuit internal controls and processes in our banks

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A Direct Plan Checklist

With no intermediary to assist you, you'll eventually have to befriend call centre executives at many asset management companies, to help you with your statements, your paperwork, your ongoing transactions and your service issues

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