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PTI
April 10, 2018



Anand Adhikari
June 18, 2018
ICICI was often given the tag of 'CEO factory' for the fast growing financial services industry.


BusinessToday.In
New Delhi, April 10, 2018
Last month, SBI, ICICI Bank, HDFC Bank, PNB, Axis Bank, BoB and several others had hiked their marginal cost of funding-based lending rates.


Mail Today Bureau
April 10, 2018
 Earlier, the RBI had asked the Axis Bank board to reconsider the fourth three-year term it gave to CEO Shikha Sharma last year. The regulator addressed the letter to Axis Bank chairman Sanjiv Misra and gave its reasons for a review. These included the bank's performance and its deteriorating asset quality.


PTI
April 9, 2018



PTI
April 9, 2018
Loans between Rs 30 lakh to Rs 75 lakh will be available at 8.55 per cent for women borrowers and 8.60 per cent for others, while those above Rs 75 lakh will be for 8.65 per cent for women and 8.70 per cent for others.


Anand Adhikari
New Delhi, April 9, 2018
Days after the Reserve Bank of India (RBI) asked the board of the Axis Bank to reconsider their decision to extend the tenure of Shikha Sharma, MD and CEO of the private bank, Sharma, an ex ICICI banker, seems to have looked for an honourable exit.


BusinessToday.In
New Delhi, April 9, 2018
A payments bank is a new category of banks conceptualized by the Reserve Bank of India. Its main goal is to promote financial inclusion and increased access to financial services. It can't offer loans or credit cards. Watch BusinessToday.In's video to know what is a payments bank and how is it different from other categories of banks.


PTI
April 9, 2018



Devika Singh
New Delhi, April 9, 2018
TrulyMadly users will now be able to use Yoti to verify their personal details, such as name and age, which will boost the Trust Score on their profile, giving other daters assurance that the profile is genuine.


BusinessToday.In
April 9, 2018
Ratings agency Fitch on Monday said the investigation into ICICI Bank CEO Chanda Kochhar's potential conflict of interest in loans sanctioned to Videocon raises questions over the 'bank's governance' and 'creates reputational risks'.


PTI
April 9, 2018



Virendrasingh D Ghunawat
April 9, 2018
Shetty also blamed Rajesh Jindal, who was GM of PNB's Brady House branch between August 2009 and May 2011, for directing the fraud, and prime accused Nirav Modi and his partner Mehul Chokshi for blackmailing him from 2010 to 2017.


BusinessToday.In
New Delhi, April 9, 2018
However, Chauhan indicated the banking sector, including the central bank Reserve Bank of India (RBI), didn't see any structural reforms even after scandals like Harshad Mehta scam. These reforms, he said, should have happened way back in 1992.


BusinessToday.In
April 9, 2018
In what could be a huge relief for Indian agencies tasked with tracking down fugitive diamantaire Nirav Modi, China has said that Hong Kong, which is a Special Administrative Region (SAR) within China, can consider India's request to arrest the PNB fraud accused.


BusinessToday.In
New Delhi, April 9, 2018
The PCA framework, which was revised in April 2017, is one of the RBI's supervisory tools, which involves monitoring various bank performance indicators as an early warning exercise.


BusinessToday.in
New Delhi, April 9, 2018
PNB scam: Non-bailable warrants issued against Nirav Modi, Mehul Choksi on CBI pleaA special CBI court in Mumbai has issued non-bailable warrants (NBWs) against billionaire diamantaire Nirav Modi and his uncle Mehul Choksi in connection with the cases related to over USD 2 billion banking fraud in the Punjab National Bank. The issuance of NBWs by a court also opens door of seeking Red Corner Notices against both of the accused from the Interpol.Lockheed welcomes India's procuremen...


BusinessToday.In
April 9, 2018
After the Dalmia Bharat-Bain Piramal consortium was declared the highest bidder for Binani Cement with an offer to pay Rs 6,350 crore, Aditya Birla group's UltraTech Cement bowled a googly by making a separate out-of-court offer to its parent firm.


BusinessToday.In
April 9, 2018
The report referred to a data from Clearing Corp of India which showed that on March 28, dollar purchases reached as high as USD 122 billion as opposed to USD 20-30 billion a day.


Mail Today Bureau
April 9, 2018
The CBI had written to Modi and Choksi to join probe on their official e-mail IDs but they have refused to join it citing business engagements and health issues.


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