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 branches too are under investigation.
Talented students in small towns often don't get into national-level colleges simply because they don't get proper training to write entrance exams. Ignus is working to change that.
Villagers attribute Adarsh Nangla's 'fall' to a combination of government apathy and decline of the collective spirit
The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
The market could be influenced by events elsewhere in the world and regardless of what happens to India's economy
Are we adopting an idea whose time has come and gone? My feeling is, yes, says ex-banker C Joseph Chacko in the fourth article of the series on inflation targeting.
This is the story of two youngsters from Bengaluru, who converted adversity to their advantage.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances