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Total 22 results found. Search for [ Nirav Modi like frauds in PSBs ]

Results 1 to 21 of 22
Prasanna Mohanty
February 7, 2021
At 21% recovery, IBC has performed worse than UPA-era debt recovery mechanisms panned for inefficiencies. The idea of a bad bank is also likely to fail if political interference and poor bank governance continue


Prasanna Mohanty
August 5, 2020
India faces a fresh threat of NPAs with RBI warning dramatic rise in loan default rate from 8.5% in FY20 to 14.7% in FY21. A global study shows the Indian corporate sector was most debt-stressed with 43% of long-term loans vulnerable to default even before the COVID-19 pandemic hit


Prasanna Mohanty
July 24, 2020
Contrary to popular belief, private sector efficiency vis-a-vis public sector is a neoliberal construct for which there is little evidence or lived experience but is pushed, nevertheless, for private gains


PTI
August 30, 2019
Finance Minister Nirmala Sitharaman on Friday said the profitability of public sector banks has improved and total gross non-performing assets have come down to Rs 7.9 lakh crore at end-March 2019 from Rs 8.65 lakh crore at end-December 2018.


PTI
August 30, 2019



BusinessToday.In
New Delhi, August 30, 2019
Canara Bank and Syndicate Bank to merge: Canara Bank currently has 58,350 employees and Syndicate Bank has 31,535 employees.


Anand Adhikari
New Delhi, July 22, 2019
The shortage of funds is threatening key sectors of the economy. What the government needs to do to fix it


PTI
New Delhi, June 26, 2019
CBDT said the order has been issued in public interest after a number of such requests were received by it from public sector banks (PSBs) seeking information of immovable assets of a loan defaulter to effect recovery from them.


PTI
June 26, 2019



PTI
January 27, 2019
The Home Ministry has also authorised the Serious Fraud Investigation Office to request LOCs if it feels the suspect may escape from India.


PTI
January 27, 2019



BusinessToday.In
New Delhi, December 19, 2018
In a written reply to a question in the Rajya Sabha, Shiv Pratap Shukla, Minister of State for Finance, said the Centre has initiated the formulation of several laws to secure prudential banking and instil a culture of credit discipline.


PTI
November 22, 2018



PTI
New Delhi, August 22, 2018
This missive comes in the light of arrest of Bhushan Steels erstwhile promoter Neeraj Singal by the Serious Fraud Investigation Office (SFIO) for allegedly siphoning off funds.


BusinessToday.In
August 5, 2018
The top five banks in terms of their earnings from non-maintenance of minimum balance fee are SBI, HDFC Bank, Axis Bank, ICICI Bank and PNB.


PTI
June 8, 2018



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
New Delhi, March 20, 2018
Last week, it was RBI Governor Urjit Patel, who blamed the \"system of dual regulation by the Finance Ministry in addition to RBI\" for creating an environment susceptible for frauds like the still-unravelling PNB scam.


PTI
March 6, 2018



Anand Adhikari
New Delhi, March 5, 2018
Steps that government, regulators and banks need to take to make the banking system more competitive, efficient and less fraud-prone.


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