RBI slams banks, FIs for delay in detecting frauds

RBI said a total of 8,707 frauds involving Rs 1 lakh and above were detected during 2019-20 involving an amount of Rs 185,644 crore. Illustration: Dominic Xavier/Rediff.com The average lag......

CEOs get finmin shield over frauds by bank officials

With a view to protect prudent commercial decision of bankers, the government has taken a slew of decisions, including doing away with personal responsibilities of MD and CEO of PSBs for compliance......

Superseding boards of two Srei cos won't roil markets

Superseding the boards of two non-banking financial companies (NBFCs) in the Srei group will neither create liquidity challenges for sound entities, nor build systemic crises because the markets......

19 UTI investments under probe

The finance ministry has decided to refer 19 audit cases pertaining to investments by the erstwhile Unit Trust of India in companies including Reliance Industries Ltd and Essar Oil to the advisory......