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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......

A bank without the buck, a bill without teeth

India borrows ideas that we don’t need, like the FRDI Bill, and ignores the ones we need, like rewarding whistle-blowers such as the ones who want to save Bombay Mercantile Bank, says......

76 banks report 5,076 cases of active banking frauds

State Bank of India reported 544 cases of such frauds that caused a loss of Rs 191,295 lakh Illustration: Uttam Ghosh/ A combined 5,076 cases of active banking frauds involving Rs 1 lakh......

Not only private banks, even PSBs levy charges on customers

PNB, BoB, BoI, Canara Bank already charge customers for failing to maintain a minimum balance. State Bank of India is mulling charging a levy from April 1 from customers who fail to maintain a......

Markets end near two-year low on PSU banks woes

SBI, PNB, Bank of Baroda, Canara Bank, Dena Bank, Central Bank of India ended down 3%-12% each. Markets ended at their lowest level since May 2014 amid a sell-off in state owned banks after they......

John Abraham's actress Leena Paul arrested for cheating

South Indian actress Leena Maria Paul, who was on the run after allegedly cheating a Chennai bank of Rs 19 crore, was today arrested from a farmhouse here while her male accomplice managed to......
  Web results for Canara Bank Of India
25% overseas branches of public sector banks reported losses in FY17

The Union government said on Friday that one-fourth of all foreign branches of public sector banks reported losses last financial year."As per data... ...
CBI arrests two in bank fraud case

[India] Mar 15 (ANI): The Central Bureau of Investigation on Thursday arrested two directors of a city based private company in an on-going... ...
RBI ban on LoUs; PSU bank stocks recover after early setback

Mumbai: Well, it appeared at the start of today's session that the recovery in the banking space witnessed on Tuesday on reports that Bank of India... ...
Sensex dips by 215.35 points ; Nifty loses 10400-mark

Market indices witnessed a decline on Wednesday morning, largely due to a dip in the public sector unit bank index and negative lead from Asia and... ...
Sensex down 150 pts, Nifty slips below 10,400

The benchmark BSE Sensex drifted 150 points lower and the NSE Nifty slipped below the 10,400-mark in early deals today on selling in metal, PSU and... ...

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