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BusinessToday.In
May 22, 2018
The State Bank of India, the country's largest lender, reported a net loss for a second quarter back-to-back, and this time it is three times worse. In its Q4FY18 results, SBI reported a net loss of Rs 7,718 crore.


BusinessToday.In
May 22, 2018
Rajnish Kumar, MD at SBI said major part of the bad loans have been accounted for in the quarter ending March 31, 2018.


www.businesstoday.in
May 22, 2018



www.businesstoday.in
May 21, 2018



BusinessToday.In
May 21, 2018
Among the banks that have accumulated a massive rise in bad loans are ICICI Bank, Axis Bank, HDFC Bank, Kotak Mahindra Bank, Federal Bank and Yes Bank.


BusinessToday.In
May 20, 2018
The billionaire diamantaire seems to be travelling on different passports issued by different jurisdictions despite VK Singh, Minister of State for External Affairs, telling the Rajya Sabha that his Indian passport has been cancelled.


PTI
May 20, 2018
PNB saw wilful defaults by big borrowers slipping further to Rs 15,199.57 crore in April this year over the previous month. Big wilful defaulters are categorised by PNB as those borrowers with loan outstanding of Rs 25 lakh and over.


BusinessToday.In
May 19, 2018
Following in the footsteps of embattled liquor baron Vijay Mallya, Modi is believed to be hiding in London on a Singapore passport.


www.businesstoday.in
May 18, 2018



www.businesstoday.in
May 18, 2018



BusinessToday.In
Mumbai, May 18, 2018
The Enforcement Directorate (ED) is all set to file its first prosecution complaint (PC) known as chargesheet in Rs 12,636 crore Punjab National Bank (PNB) fraud case against Nirav Modi and others, in the next week.


BusinessToday.In
May 17, 2018
The market capitalisation of PNB Housing Finance stood at Rs 21,199.07 crore. The m-cap of Punjab National Bank was at Rs 20,842.33 crore. Market cap of RBL Bank stood at Rs 21,491 crore.


Reuters
May 17, 2018
Former Reserve Bank of India chief Raghuram Rajan said on Wednesday he did not intend to apply for the job of Bank of England governor which is due to come vacant next year.


www.businesstoday.in
New Delhi, May 17, 2018
The Central Bureau of Investigation recently named jeweller Nirav Modi, Allahabad Bank MD and CEO Usha Ananthasubramanian and 20 others in connection with issuance of fraudulent guarantees of Rs 6,498.20 crore to Modi's company by the PNB. Usha Ananthasubramanian, who served as former CEO and MD of PNB, was alleged to have ignored caution notices issued by the RBI. Watch BusinessToday.In video to know more about the Allahabad Bank MD and CEO.


www.businesstoday.in
May 16, 2018



BusinessToday.In
May 16, 2018
Banking stocks led the losses with the BSE bankex falling 349 points or 1.17% to 29,357. 48 level. Bank Nifty too fell 291 points or 1.10% to 26,182 level.


www.businesstoday.in
May 16, 2018



BusinessToday.In
May 16, 2018
At 3:17 pm, the stock was trading 12.30 percent lower at 43.85. The stock hit a fresh 52-week low of 43.60  or falling 12.80 percent intra day in trade today.  Shares of Syndicate Bank closed 2.82 per cent down at Rs 50 apiece on BSE on Tursday.


BusinessToday.In
May 16, 2018
10:41 am, the stock was trading 11.92% or 10 points lower to 75.75 level on BSE.  The stock fell to 74.30 level intra day to its fresh 52 week low on weak Q4 earnings.  The bank hit its 52 week high of 231.60 on October 26, 2017.  The stock started falling after the bank was hit by Rs 11,400-crore scam committed by Nirav Modi in February 2018.


PTI
May 16, 2018
The move to park about Rs 7,000 crore in an escrow account of State Bank of India (SBI) follows ArcelorMittal's bid for Essar Steel coming in for questioning because of its past shareholding in loan defaulter firm, Uttam Galva Steel.


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