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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
June 22, 2018
With the introduction of direct link with banks, the total transaction points will be reduced. This will, in turn, reduce the amount of time it takes to make refunds.


BusinessToday.In
June 22, 2018
Back in February, when the Reserve Bank of India introduced its revised framework for resolution of stressed assets, the banking sector and beleaguered companies alike were left shaking.


Reuters
June 22, 2018
Chinese smartphone maker Xiaomi Corp has lined up $548 million from seven cornerstone investors including U.S. chipmaker Qualcomm Inc for its Hong Kong IPO of up to $6.1 billion, according to a term sheet seen by Reuters.


BusinessToday.In
June 21, 2018
The 30-share Sensex, which rose over 131 points in morning trade and hit the session's high of 35,678, quickly lost momentum and slumped to hit the day's low of 35,396. It finally ended 114.94 points, or 0.32 per cent lower at 35,432.


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.


BusinessToday.In
New Delhi, June 21, 2018
The ED has said that Mallya is liable for three to seven years of rigorous imprisonment and up to Rs five lakh in fines for cheating over Rs 9,990 crore and laundering the proceeds of crime.


BusinessToday.In
New Delhi, June 21, 2018
The case in question was being fought between SBI Cards & Payments Services Pvt Ltd and Rohidas Jadhav. Jadhav, who had pending credit card dues, was ordered in 2011 to repay the amount along with 8 per cent interest.


Mudit Kapoor
New Delhi, June 20, 2018
Analysis of some of the financial indicators across the time horizon of 3 years (FY16 to FY18) to study the impact of demonitisation.


Associated Press
June 20, 2018
Virtual assistants and smart speakers are still relatively new technologies, and potentially susceptible to being exploited by cyber criminals.


BusinessToday.In
New Delhi, June 20, 2018
Data released by the Reserve Bank of India shows an increase in cash withdrawals from automated teller machines (ATMs) by 22 per cent in April from a year ago to Rs 2.6 lakh crore.


BusinessToday.In
New Delhi, June 20, 2018
The probe report, along with dozens of pages of annexed bank records and internal e-mails, was presented by PNB officials to the bank's fraud risk management arm on April 5.


BusinessToday.In
New Delhi, June 20, 2018
The government, so far, has transaction details of only 73,000 companies. The Task Force on shell companies - constituted in February 2017, three months after demonetisation - has already identified 16,537 confirmed shell companies among them.


Mail Today Bureau
New Delhi, June 20, 2018
The agency further charged Mallya with diverting Rs 255 crore to the UK and from there transferring it into the account of his Formula 1 team. IN 2008, Mallya diverted Rs15.9 crore of the loan money from KAL account into the account of RCB.


BusinessToday.In
June 20, 2018
On Tuesday, the government launched the FFO of Bharat-22 Exchange Traded Fund (ETF), comprising shares of 22 companies. The issue received subscriptions from investors such as mutual funds houses, foreign portfolio investors (FPI), insurance and retirement funds.


BusinessToday.In
New Delhi, June 19, 2018
The ED also alleged that Mallya and other airline officials \"hatched a criminal conspiracy for obtaining/sanctioning of bank loan to Ms KAL in gross violations of established procedures and the firm had no intention for repayment of the loan\".


BusinessToday.In
New Delhi, June 18, 2018
In its regulatory filing, ICICI Bank has also established that Kochhar will continue to hold the position of chief executive in the organisation.


www.businesstoday.in
New Delhi, June 18, 2018
WhatsApp Payments in final testing, expected to launch within few weeks; Oppo Realme 1 4GB RAM, 64GB storage variant is now on sale and Samsung's foldable phone under Project Valley spotted after cancellation. Watch more in this episode of Daily Tech Wrap with Danny D'Cruze.


BusinessToday.In
June 18, 2018
NCLT's only success stories so far have seen banks taking a significant hair-cut and settling for recovery of Rs 50,000 crore.


BusinessToday.In
New Delhi, June 18, 2018
The company has made special provisions with the Indian Government and various banks to make the transactions as seamless as possible.


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