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Total 230 results found. Search for [ banking frauds ]

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PTI
April 22, 2018



BusinessToday.In
New Delhi, April 19, 2018
According to the SBI chief, privatisation may not necessarily solve the problems the public sector banks face. This includes the NPAs pertaining to public sector banks which stand at Rs 73.3 lakh crore.


BusinessToday.In
April 18, 2018
The IMF's latest World Economic Outlook report shows that the country is on track to managing this feat. It expects India to grow at 7.4 per cent in 2018 and 7.8 per cent in 2019, in line with its January forecast.


BusinessToday.In
April 18, 2018
While there are many speculations for this shortage, the government and the Reserve Bank have said it's a temporary disruption and normalcy will return within three days. Also, the RBI is ready to go in for a five-fold increase in the printing of Rs 500 notes to deal with cash shortages.


PTI
New Delhi, April 12, 2018
The Standing Committee on Finance, chaired by senior Congress leader M Veerappa Moily, in its last meeting on March 9 had asked the ministry to institute a comprehensive inquiry encompassing systemic elements in the case and submit its report within a month.


BusinessToday.In
New Delhi, April 12, 2018
Former RBI Governor Raghuram Rajan on Wednesday said that some of the banks in India have antiquated systems that are not adequate to stop rogue people from committing fraud.


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.


PTI
April 8, 2018



PTI
April 4, 2018
Central Vigilance Commissioner K V Chowdary on Tuesday said the Reserve Bank of India had apparently not conducted an audit during the period of time when a Rs 13,000-crore scam hit the Punjab National Bank. Chowdary stressed the need to put into place a more robust auditing system.


PTI
April 3, 2018



Dipak Mondal
New Delhi, April 3, 2018
The group found that Nirav Modi's company was granted loan despite his company having only current account with the Brady House branch of the bank. \"When there is only current account, no credit facility should be granted -- neither the letter of undertakings (LoUs) nor Letter of credit (LoCs),\" says SB Zaware, member, Central Council, ICAI.


Devashish Das Gupta
New Delhi, April 2, 2018
In an era, where banks and financial institutions are grappling to come in terms with an onslaught of frauds and irresponsible behaviour, a lot is at stake for the economy. Such incidents shatter the trust of masses in institutions like banks and NBFCs.


BusinessToday.In
April 2, 2018
The whistle-blower who first red-flagged \"the illicit banking and commercial relationship between Videocon Group of Venugopal Dhoot and ICICI Bank's MD & CEO Chanda Kochhar's family\" has reportedly claimed that he'd raised several such cases in the past, too.


PTI
April 1, 2018



BusinessToday.In
March 27, 2018
The war of words between the RBI Governor Urjit Patel and the Finance Ministry over the recent bank frauds in the country seems unlikely to die down. After Finance Minister Arun Jaitley, the Chief Economic Advisor Arvind Subramanian is the latest person to jump into the fray.  


PTI
March 25, 2018
Arvind Panagariya, who is currently a professor of economics at Columbia University, further said that predominance of scandals and NPAs in PSBs is only one albeit important reason for privatisation of PSBs.


PTI
March 22, 2018



Mail Today Bureau
March 22, 2018
The CBI carried out searches at the official and residential premises of promoters of Kanishk Gold Pvt Ltd on Wednesday as it launched investigations in the Rs 824 crore loan fraud case.


BusinessToday.In
March 21, 2018
The State Bank informed the CBI about the fraud on January 25 and charged Kanishk with 'manipulating records, shutting shop overnight'. Bankers were unable to contact the Kanishk promoters.


BusinessToday.In
New Delhi, March 21, 2018
Last month, the RBI completely revamped the NPA resolution framework. It not only ditched all its past schemes for dealing with bank bad loans but also implemented stricter timelines for implementation of resolution plans.


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