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Total 66 results found. Search for [ bank credits ]

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BusinessToday.In
New Delhi, July 9, 2018
Income-tax returns validate your creditworthiness and make it possible for you to access financial benefits such as bank credits, etc. An important aspect of filing ITR is filing it on time, failing which you may have to pay penalty up to Rs 10,000 besides interest.


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.


www.businesstoday.in
May 15, 2018



www.businesstoday.in
May 15, 2018



BusinessToday.In
New Delhi, May 15, 2018
According to a CBI charge sheet, the top management at the country's fourth largest bank not only \"misrepresented\" the factual position on letters of understanding (LoUs) to the RBI but also ignored the apex bank's warnings.


www.businesstoday.in
May 14, 2018



BusinessToday.In
New Delhi, April 23, 2018
Though the Supreme Court is still hearing a clutch of petitions challenging the constitutional validity of the Aadhaar Act, the Reserve Bank of India updated its master circular on know-your-customer (KYC) norms on Friday making Aadhaar and PAN cards mandatory for bank accounts, new as well as existing ones.


www.businesstoday.in
April 10, 2018



www.businesstoday.in
April 4, 2018



BusinessToday.In
March 26, 2018
It's been well over a month since Nirav Modi's fraudulent LoU scam was unearthed at the Punjab National Bank (PNB), but the troubles for PNB are showing no sign of abatement. The beleaguered public sector lender is now staring at a shady title of 'defaulter', a first for any bank in India.


BusinessToday.In
March 23, 2018
PNB has said that the details regarding money withdrawn from the foreign branch of the other banks against each LoU is presently not available as the matter is 'under investigation'.


Joe C Mathew
New Delhi, March 16, 2018
The World Bank report points out that 49 countries use a single rate, 28 use two rates, and only five countries - India, Italy, Luxembourg, Pakistan and Ghana use four rates.


BusinessToday.In
March 15, 2018
The PNB is at the centre of India's biggest banking scam where two of its officials allegedly issued as many as 1,213 LoUs fraudulently for the group of companies belonging to billionaire jewellers Nirav Modi and Mehul Choksi.


Mail Today Bureau
New Delhi, March 14, 2018
The RBI on Tuesday barred banks from issuing guarantees in the form of letters of undertaking (LoU) to prevent any further misuse of the facility as was done in the Massive PNB fraud.


www.businesstoday.in
March 13, 2018



BusinessToday.In
New Delhi, March 13, 2018
The RBI's decision will be applicable with immediate effect. The LoUs and LoCs issued by PNB were allegedly misused by diamond merchant Nirav Modi and his uncle Mehul Choksi to defraud the state-owned bank of Rs 12,700 crore in connivance of inside bank officials.


www.businesstoday.in
March 13, 2018



Anand Adhikari
New Delhi, March 5, 2018
Banks, NBFCs and new-age fintech firms leverage the SaaS model of Perfios for quick and efficient decision-making.


Mail Today Bureau
March 2, 2018
The investigation in the financial hub of Mumbai revealed how unscrupulous diamond merchants ship the same stocks back and forth to rip off government banks with inflated valuations in their books.


www.businesstoday.in
February 14, 2018



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