The meeting will happen against the backdrop of the 'Alternative Mechanism' (AM) to merge three public sector banks -- Bank of Baroda, Vijaya Bank and Dena Bank -- with a view to create a global-size lender, which will be stronger and sustainable.

India's largest law firm, Cyril Amarchand Mangaldas (CAM), is being scrutinized by CBI sleuths after they seized documents related to the $2 billion fraud at state-run Punjab National Bank (PNB) from CAM's premises in February

The Enforcement Directorate (ED) has zeroed in on foreign assets worth about Rs 4,000 crore of absconding diamond jeweller Nirav Modi for quick attachment under Prevention of Money Laundering Act (PMLA).

This would be first charge sheet in the case pertaining to loans of over Rs 6,000 crore given to Kingfisher by a consortium of 17 banks led by State Bank of India which alone had an exposure of Rs 1,600 crore.

The online exam (preliminary and main) is tentatively scheduled in December 2018 and January 2019. The shortlisted candidates will be provisionally allotted any of the 19 banks.

The controversy-hit lender has invited bids for the e-auction to be held through the bank's portal on September 20.

There are hundreds of private and government banks in India, but how much do they have in assets? Watch BusinessToday.In video on the 10 largest banks in India by assets and market capitalisation.

Choksi was allegedly in the business of \"highly inflating\" prices of the gems and jewellery sold from his outlets.

Fugitive diamantaire, Mehul Choksi, who is wanted for his role in the Punjab National Bank (PNB) scam has released a video from his hideout in Antigua saying that all the charges levelled against him by the Enforcement Directorate (ED) are false and baseless. Choksi said so while answering questions by news agency ANI. The questions were asked by Choksi's lawyer in Antigua.

In the video, Mehul Choksi said that his passport was suspended due to reasons of security threat to India.

The bank was able to recover around Rs 8,445 crore in the April-June quarter alone, which is over 23 per cent of all recoveries made during the period. PNB recovered around Rs 5,618 crore in FY18 and Rs 5,643 crore the previous year.

The RCN has been issued on the request of the ED to the Interpol, as the ED seeks to interrogate her on the alleged charges of 'money laundering'.

\"We have initiated process of Neeshal Modi who is wanted accused in PNB scam. A chargesheet has been already filed against him and his extradition is instrumental for the investigation,\" said an official.

As many as 23 banks, public and private alike, may face penalties with retrospective effect if they are unable to ensure eight Aadhaar enrolments or updations per branch per day from November

Uber in talks with Indian regulators to understand modalities of aerial taxisRide-hailing app Uber, which is considering India among five global locations for its futuristic aerial taxi service, said it is in talks with regulators in the country to gauge the modalities and constraints of offering such a service. Last week, the Softbank-backed Uber had said it is considering India along with countries like Japan and France to be a part of Uber Elevate -- its aerial taxi service tha...

It was Mihir Bhansali, Director of Firestar Diamond, who filed an appeal before the US court for bankruptcy in February, just days after the PNB scam was detected.

Banks are yet to pay heed, and hence the regulator has reportedly issued show-cause letters to several banks.

Payments banks can only accept deposits of up to Rs 1 lakh per customer in a savings/current account.

Pallavi Shroff has taken on some of the biggest names globally in the battle for IPR.

A designated PMLA authority has held that 41 properties worth about Rs 1,210 crore, attached by the Enforcement Directorate (ED) in the name of absconding diamond jeweller Mehul Choksi and his associated firms, are money laundering assets and ordered that their attachment should continue.