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BusinessToday.In
New Delhi, May 22, 2018
The Narendra Modi government in November 2016 had banned old currency notes of Rs 500 and Rs 1,000, which comprised over 80 per cent the country's cash, to curb black money and promote digital transactions.


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
The CBI has claimed that former MD and CEO of the Punjab National Bank Usha Ananthasubramanian was aware of the fraudulent transactions worth Rs 14,000 crore involving diamond merchant Nirav Modi. Ananthasubramanian headed the PNB from August 2015 to May 2017.


Reuters
May 22, 2018
Senior executives at Punjab National Bank misled the RBI in late 2016 over the lender's handling of the financial messaging system and credit guarantees that were at the centre of a more than $2 billion fraud, the CBIalleged in a charge sheet filed in court.


BusinessToday.In
Mumbai, May 21, 2018
The biggest crooks in the entire list were the former CEO and MD of PNB Usha Ananthsubramanian, KV Brahmaji Rao (ED, PNB), Sanjiv Saran (ED, PNB) and Nehal Ahad (GM of PNB.


BusinessToday.In
May 22, 2018
Interestingly, while the retail prices have gone up, the price at which the fuel is sold to petrol pump dealers has come down drastically since 2013.


www.businesstoday.in
May 21, 2018



Anilesh S Mahajan
New Delhi, May 21, 2018
According to the finance ministry's revenue collection projection, the government expects to mop up more than Rs 2.579 lakh crore by levying taxes on the petroleum products by the end of this fiscal.


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.


PTI
May 21, 2018
Replying to an RTI query, the RBI had also earlier declined to share inspection reports for scam-hit PNB. In response to queries under the transparency law, the central bank had said that the RBI does not carry out audit of banks, but conducts inspection/risk-based supervision of banks.


PTI
New Delhi, May 20, 2018
Markets regulator Sebi will consider penal action against Punjab National Bank and Gitanjali Gems after completion of its probe into suspected trading and disclosure related issues in the matter of over Rs 14,000 crore banking fraud, senior officials said.


www.businesstoday.in
May 20, 2018



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May 20, 2018



PTI
New Delhi, May 19, 2018
Tata Steel Ltd has won the bid to acquire debt-laden Bhushan Steel Ltd (BSL) in an insolvency auction. The bankrupt firm was among the 12 stressed assets the RBI had referred to NCLT proceedings last year.


www.businesstoday.in
May 19, 2018



BusinessToday.In
New Delhi, May 18, 2018
The worse news is that things might get a lot worse here on - some analysts have predicted it to hit $100 by the next year.


www.businesstoday.in
May 18, 2018



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May 18, 2018



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May 18, 2018



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May 18, 2018



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