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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......

Centre should privatise all PSBs, except State Bank of India: NCAER

The Centre should privatise all public sector banks (PSBs), except the State Bank of India (SBI). Photograph: Shailesh Andrade/Reuters This is because private banks have emerged as a credible......

Credit growth seen to improve aided by govt's push on public spending

Bank credit offtake is expected to pick up following normalisation of economic activities aided by the government thrust on public expenditure in current fiscal year, a report said. Illustration:......

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......

'Inflation is expected to stay above RBI's target'

'RBI is already late in addressing inflation pressures.' Photograph: Rupak De Chowdhuri/Reuters "India still is not in stagflation. It is experiencing high inflation pressures. But growth is still......

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