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ED raids 26 locations in ABG Shipyard bank fraud case

The Enforcement Directorate on Tuesday raided multiple premises in Mumbai, Pune and Surat in connection with a money laundering probe against ABG Shipyard Ltd in an alleged Rs 22,842 crore bank......

Cong questions delay in FIR against ABG Shipyard in duping 28 banks

The Congress on Sunday accused those sitting in the highest echelons of power in the Narendra Modi government of complicity, collusion and connivance in what it described as "India's biggest bank......

Mahatma Gandhi's great-grandaughter jailed for 7 years in a fraud case

Ashish Lata Ramgobin, the 56-year-old great-granddaughter of Mahatma Gandhi in South Africa, has been sentenced to seven years in jail by a Durban court in a six-million rand ($442,000) fraud and......

Banks' gross NPAs drop to 6-year low of below 6% in March

This indicates that the sector has remained largely unscathed from the ill-effects of the Covid-19 pandemic so far, M Rajeshwar Rao, RBI deputy governor, said. IMAGE: Kindly note that this image......

India Inc's profits rise 28% in March quarter, banks contribute the most

A strong performance by sectors including banking raised the profits of Indian companies by 28 per cent in the three months ended March 2022. Illustration: Uttam Ghosh/Rediff.com The rate of......

Banks' NPAs never went away, they were only hidden

Indeed, there were frauds, and the politician-banker-industrialist nexus played a role in the rise of NPAs, but governance issues in Indian banking are far more nuanced and complex, reveals Tamal......

'Growth will definitely be less than 8%'

'There will be positive growth, but if you ask me whether we are going to have the original growth rate of 8%, the answer will be, no.' Illustration: Dominic Xavier/Rediff.com In a surprise move,......

SBI Q4 profit jumps 41% to Rs 9,114 cr on fall in bad loans

The country's largest lender SBI on Friday reported a 41 per cent surge in standalone net profit at Rs 9,114 crore for the fourth quarter ended March 2022, helped by decline in bad loans.......

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