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Karnataka judge declares assets online

Justice D V Shylendra Kumar, a Karnataka high court judge, who disclosed his assets to the registrar general of the high court on Wednesday, released an online statement on Thursday saying he chose......

Bank mergers: Changes that customers can expect

In a merger, all assets and liabilities are taken over by the acquiring bank. The country's largest bank, the State Bank of India, is considering merging its five associate banks and Bharat......

Money laundering scam turns out murkier than expected

The banks used for the fraud include ING Vysya Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, IndusInd Bank, Dhanlaxmi Bank, YES Bank and DCB Bank. The trade-related money laundering scam,......

9 more banks under scanner over money laundering

Finance Minister Arun Jaitley said the magnitude of the alleged black money transfer through state-owned BoB will only be known after completion of the multi-disciplinary probe. Investigations by......

Bad debts cloud outlook for India's private sector banks

India's private sector banks have seen their loan books deteriorate at a faster pace than state-owned peers over the past three quarters, raising concerns that a slower economic recovery could mean......

Pvt sector bank officers form union; to join Sept 2 strike

The All India Bank Officers Association (AIBOA) on Monday said it has launched a wing to deal with issues faced by those working for private sector lenders. The officials from the private banks......

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