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PNB reports Rs 11,400 cr fraud involving jeweller Nirav Modi, suspends 10

While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank......

Shikha Sharma on the new NPA rules and the future of Axis Bank

'If a regulator anywhere in the world wants to set up a stress test on operational risk, I doubt if they will set up a tougher test than demonetisation.' 'For a country like ours, we need about a......

HDFC Bank, ICICI and Axis resume levy on cash transactions

The charges would apply to savings as well as salary accounts Banks including HDFC Bank, ICICI Bank and Axis Bank on Wednesday began charging a minimum amount of Rs 150 per transaction for cash......

Axis Bank net slumps 73% on provisioning

Axis Bank's loan portfolio quality deteriorated, with gross NPAs rising to 5.22% of gross advances. A sharp drop in Axis Bank’s net profit for the December quarter due to higher provisions......

Axis Bank Q3 net dips 73% to Rs 580 cr on bad loan woes

The non-watchlist stress emanated from over five year-old loans in the iron and steel, infrastructure and construction sectors. Heavy loan losses continued to impact Axis Bank's profitability, with......
  Web results for Axis Bank Ltd
Sensitive Data Hacked!

Punjab National Bank has once again found themselves on the wrong side of the news. After a massive scam of Rs 11,000 crore, hit them last week,... ...

http://feedproxy.google.com/~r/trakin/~3/BpfeKF8UmMk/
Axis Bank to focus only on better-rated borrowers

Private sector lender Axis Bank is looking at transferring some lumpy bad loans to stronger sponsors through NCLT resolution next year, as it... ...

http://www.business-standard.com/article/pti-stories/axis-bank-to-focus-only-on-better-rated-borrowers-118022500412_1.html
Former PNB chief

Admitting that failure of linkage of SWIFT to core banking system (CBS) could have led to Rs 11,400 crore fraud at Punjab National Bank, the former... ...

http://www.deccanherald.com/content/661129/need-revisit-surveillance-system-plug.html
PNB fraud favouring Nirav Modi started in 2008, arrested bank officials tell CBI

New Delhi: The practice of illegally issuing Letters of Understanding (LoUs) and Foreign Letter of Credits (FLCs) and then rolling them over to... ...

http://www.sify.com/news/pnb-fraud-favouring-nirav-modi-started-in-2008-arrested-bank-officials-tell-cbi-news-others-scwoahjggcgcg.html
CPM

The CPM has said the NDA governments claim of a corruption-free regime now lies in tatters with the unearthing of the "most brazen and shocking... ...

http://www.deccanherald.com/content/660887/pnb-scam-exposes-modis-claim.html

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