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Total 229 results found. Search for [ banking frauds ]

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PTI
New Delhi, July 22, 2018
Punjab National Bank and Allahabad Bank may take a call on further action to be taken against two executive directors and the MD chargesheeted in the Rs 14,000 crore Nirav Modi fraud case, sources said.


BusinessToday.In
July 22, 2018
Last year In April, the RBI through a confidential circular to banks had highlighted concerns about the ATMs running on Windows XP and/or other unsupported operating systems.


BusinessToday.In
New Delhi, July 18, 2018
The second largest public bank charged Rs 31.99 crore as a penalty in the first quarter of FY18, Rs 29.43 crore in the second, Rs 37.27 crore in the third and Rs 52.97 crore in the fourth quarter.


BusinessToday.In
July 16, 2018
While a specific figure for these India-linked accounts is not known, the total holding in all such dormant accounts is estimated at about Swiss Francs (CHF) 44 million (about Rs 300 crore).


PTI
New Delhi, July 15, 2018
The list of over 3,500 dormant accounts continues to have at least six withIndian links since December 2015, as no successful claimant has come forward for them. Recent data shows that Indians have about Rs 7,000 crore in Swiss banks.


BusinessToday.In
New Delhi, July 12, 2018
The decision has been taken to address the concerns arising out of the anonymity provided by payments through demand drafts and its possible misuse for money laundering. The new rule will be applicable from September 15.


Anand Adhikari
New Delhi, July 9, 2018
New RBI regulations have created a flutter in the P2P market.


PTI
New Delhi, July 8, 2018
Dues from big wilful defaulters of Punjab National Bank fell by 0.87 per cent to Rs 15,354.52 crore on June 30 compared to previous month, the bank data has showed. Such borrowers had an outstanding of Rs 15,490 crore at the end of May 2018.


PTI
New Delhi, June 29, 2018
Puri termed the ongoing troubles in the system as a period of transition, and that there is nothing to worry at the systemic level as most of the lenders are either well-capitalised or have the assurance of government support.


BusinessToday.In
June 27, 2018
In the RBI's Financial Stability Report, the apex bank said that the Gross NPA (GNPA) ratio of scheduled commercial banks (SCBs) is likely to rise in the current fiscal.


BusinessToday.In
New Delhi, June 25, 2018
The Indian Institutes of Management (IIM), XLRI Jamshedpur, and SPJIMR Mumbai are now focussing on teaching students the importance of ethics and corporate governance and corporate social responsibility.


PTI
June 24, 2018
Top officials of IDBI Bank, UCO Bank, Central Bank of India, Bank of India, Indian Overseas Bank, Dena Bank, Oriental Bank of Commerce, Bank of Maharashtra, United Bank of India, Corporation Bank and Allahabad Bank, will make presentations before the panel and respond to queries on June 26.


BusinessToday.In
June 22, 2018
The banking sector's bad loan problem as well as the recent instances of bank frauds has seen the investigative agencies unleash a spate of high profile arrests.


BusinessToday.In
New Delhi, June 21, 2018
Through the circular, RBI shed light on the inefficiencies of the Society for Worldwide Inter-bank Financial Telecommunication (SWIFT) mechanism, which is a global communication medium for banks.


PTI
June 17, 2018
The major defaulters included Kudos Chemie - Rs 1,301.82 crore; Kingfisher Airlines Rs 597.44 crore; BBF Industries Rs 100.99 crore; ICSA (India) Ltd Rs 134.76 crore; Arvind Remedies Rs 158.16 crore and Indu Projects Ltd Rs 102.83 crore.


BusinessToday.In
New Delhi, June 15, 2018
Of the total NPA write-offs in 2017-18, India's biggest public sector bank SBI alone wrote-off around 25 per cent of the total bad loans at Rs 40,196 crore.


PTI
June 14, 2018



BusinessToday.In
New Delhi, June 12, 2018
The RBI governor said the banks need to improve their internal control system to tackle issues related to frauds and other challenges like asset quality and rising non-performing assets. He said PNB, in its compliance report to the RBI, furnished wrong information on safety measures.


BusinessToday.In
June 11, 2018
This year in February, Punjab National Bank informed that it had detected fraudulent transaction of over Rs 11,000 crore - which later turned out to be worth Rs 14,000 crore - at its Brady House branch in Mumbai.


Mail Today Bureau
June 11, 2018
Indian Bank posted the highest profit of Rs 1,259 crore and Vijaya Bank's profit was Rs 727 crore during the fiscal year. After factoring in the profit of these two banks, the net loss piled up by public sector banks works out to around Rs 85,370 crore in 2017-18 compared with a net profit of Rs 473.72 crore in 2016-17.


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