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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......

Rahul is working untiringly for Modi

'Rahul is only making a pathetic public spectacle of his lack of judgment and good sense by hallucinating that somehow, the Congress, or whatever political combine is cobbled together, will......

Bandhan Bank's micro challenges: Unsecured loan book, CEO's tenure

It is 10 years since Bandhan Financial Services became the first microfinance institution (MFI) to receive the universal bank licence. Photograph: Rupak De Chowdhuri/Reuters A year later, in......

'Our unsecured loan portfolio is better than secured'

'Our unsecured loan is not exactly unsecured. It is backed by cash flow of customers.' Illustration: Dominic Xavier/Rediff.com IDFC First Bank is planning to grow the advances by 20 per cent and......

'NPA recoveries has helped to reduce credit cost'

'For the first time ever it has come below 1 per cent, at 0.97 per cent.' Photograph: Shailesh Andrade/Reuters Canara Bank will not sacrifice margins for growth and it will be conscious about the......

'There is huge demand for home loans'

'We started affordable housing loans that has good traction and the books have grown to Rs 750 crore as of the end of last quarter.' Illustration: Dominic Xavier/Rediff.com PNB Housing Finance,......

ED attaches assets worth Rs 538 cr of Jet founder Naresh Goyal

The Enforcement Directorate on Wednesday said it has attached in London, Dubai and India assets worth Rs 538 crore of Jet Airways founder Naresh Goyal, his family members and companies as part of a......

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