A promising young actor suffering from depression has had his life laid bare for the grubby public to paw through. An ordinary family has been pitched into the middle of a nightmare of an investigation and arrested for no reason discernible at present. And a young actress has had her reputation, and probably career, destroyed so that TRP ratings can soar, notes Sherna Gandhy.
The RBI, which has no interest or mechanism to get feedback from bank customers, is unaware of this. If made aware, it remains silent, proving that it has no problem in allowing lenders to short-change its customers, says Debashis Basu.
Reliance Industries Ltd on Wednesday concluded a $250 million international syndicated loan at 90 basis points over London Inter-Bank Offered Rate.
Bad loans of PSBs are at Rs 20 trillion. Most of it is, I sense, due to corruption and behest lending. Nobody pays a price for this charade. Not the promoters, the bankers, RBI officials, finance ministry bureaucrats or politicians, points out Debashis Basu.
'We are yet to find out the number of matches in which there has been spot-fixing,' Delhi police sources tell Rediff.com's Vicky Nanjappa. 'We are confident that the betting syndicate which orchestrated this was from Mumbai.'
'Investors should not commit fresh money to these stocks right now, unless they can hold for the next three to four years.'
Hacking has become relatively easier in the age of smart phones and sophisticated software, says Vicky Nanjappa
'People don't want to watch a screaming channel if given a decent alternative.'
Banks may have to increase the rate of interest for housing loans if more capital was required for the purpose, K M Shet, chairman and managing director of Syndicate Bank said on Thursday.
Banks are also weighing the option of hiring experts for help in specialised areas.
Three Lebanese soccer officials accused of receiving sexual bribes in return for fixing a match in Singapore involving East Bengal had their bail hearing postponed by a judge in the city state on Friday.
Over 7,000 private buses remained off the roads on Monady following a strike call in protest against "insufficient bus fare hike."
The Delhi police has opposed the bail plea of Rajasthan Royals player Ajit Chandila in the IPL spot-fixing scandal, saying he is a "key conspirator" in the entire case and was acting at the behest of a syndicate run by gangster Dawood Ibrahim.
The gold, weighing over 30 kg, was seized from the "diplomatic baggage" that had landed by air cargo at the Thiruvananthapuram international airport recently from the Gulf.
Underworld don Dawood Ibrahim's brother Anees has been trying to trap the pacer since the 2008 tiff with Harbhajan Singh. Vicky Nanjappa reports
"If I had any link with him, I would not have been here. I would have been in Dubai or some other place. If I had known people like him, I would not have been cricketer," said Sreesanth on Sunday.
Assistant Commissioner of Police R B Yenam allegedly had links with prime accused Abdul Karim Telgi.
Crime was carried out by a syndicate and involved breaking into the computer systems of global financial institutions
Corporation Bank is the biggest beneficiary of this round of capital infusion with Rs 9,086 crore of funding, followed by Allahabad Bank with Rs 6,896 crore.
A third man has been arrested in relation to an ongoing investigation into possible corruption in Pakistani cricket, Britain's National Crime Agency (NCA) said.
Of the six-member rate-setting monetary policy committee, five members voted for a 25 bps cut while one by 40 bps, the RBI said.
The Indian government is talking to banks for a dollar-denominated financing deal to help repay its multilateral offshore debt, debt markets newsletter BasisPoint said
Babanrao Tukaram Ranjane is accused of conniving with the syndicate of prime accused Abdul Karim Telgi in the fake stamp scam.
Speculation is mounting in Johannesburg that a corruption probe initiated by Cricket South Africa (CSA) may be related to the current RamSlam T20 tournament, which is the only domestic series televised internationally.
RCom had reported net debt of around Rs 37,360 crore (Rs 373.6 billion) as on December 31, 2012.
No continent has escaped the 'cancer' of football match-fixing and it is too big a problem for one organisation to tackle alone, AFC acting president Zhang Jilong warned as the regional body and INTERPOL kicked off a two-day seminar on the issue on Wednesday.
The delay will increase the provisioning burden on lenders and will also postpone the benefit of reversal of money set aside as provisions.
'They are deliberately targeting journalists who are not succumbing to government pressure and therefore these journalists are paying a price.'
Rising bad loans continued to haunt public sector banks (PSBs) in the March 2016 quarter.
Traditionally, most PSUs have been cash-rich, which added to their value. However, the government has been tapping regularly into their cash resources to boost revenue for the exchequer
Mirach said it has remitted $2.625 million to the Sebi-Sahara Fund.
Writes to Trai, Mumbai Police to catch unauthorised SMS senders
Stepping up its investigation into liquor syndicates in Andhra Pradesh, the Anti-Corruption Bureau has issued notices to three sitting members of Legislative Assembly, one of them from ruling Congress, and others asking them to appear before the ant-graft agency.
A Delhi court has granted bail to one of the accused, arrested for allegedly projecting some of the 'dummy players' as real cricketers of IPL team Sunrisers Hyderabad in the spot-fixing scandal case.
A Central Bureau of Investigation court on Saturday extended till April 3 judicial custody of former Karnataka minister and mining baron G Janardhana Reddy and his personal assistant Mehfooz Ali Khan, arrested in connection with an illegal mining case.
It has been a year since the Reserve Bank of India (RBI) initiated prompt corrective action (PCA), an exercise that puts weak banks under central bank scrutiny, against the 94-year-old Lakshmi Vilas Bank (LVB). But recently, this low-profile Chennai-headquartered bank found itself attracting some unwonted publicity when 60 per cent of its shareholders voted against a proposal to re-appoint seven directors, including one of the promoters, K R Pradeep (who holds around 2 per cent), and the company's managing director & chief executive officer S Sundar.
A Malaysian court on Monday found a constable guilty of two counts of causing hurt to a car thief suspect A Kugan, an ethnic Indian, who died in police custody.
The Andhra Pradesh Anti-Corruption Bureau on Sunday arrested seven police officials on charges of receiving illegal gratifications in lieu of official favour to liquor mafia, a senior agency official said.
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