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 in dealing with large value frauds committed by bank officials.
LVB had faced some serious flak in terms of bad loans, earnings and credit rating downgrades, since 2016.
...Is this a virus more dangerous than Covid-19, asks Ajit Balakrishnan.
'Everybody has freedom, but you cannot start a fire in a crowded theatre.'
The regulator in its notice alleged violations of the code of conduct because Chanda Kochhar reportedly had not disclosed the conflict of interest arising out of business dealings among ICICI Bank, Videocon and NuPower Renewables, led by her husband, Deepak Kochhar.
Images from the English Premier League matches played on Sunday night
Deepika was reluctant to do the role, but Ranveer persuaded her, and the 000s on the cheque did the rest, reports Subhash K Jha.
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
The court had also directed Chidambaram to cooperate with the investigation in both the cases as and when required.
Concerned by GDP slowdown and unrealistic tax targets, the economists urged Finance Minister Nirmala Sitharaman to implement long-term structural steps like land and labour reforms. Warning against any off-Budget financing the economists said the government should prepare a statement of intent for its social, rural and welfare sector expenditure.
After spending 40 years in the Indian Army, Lieutenant General Subrata Saha marches into the electoral battlefield as the BJP candidate from Rashbehari.
More than 8,000 pilgrims on Monday paid obeisance at the holy cave shrine.
Karti granted interim protection from arrest till July 10 .
Of the total, the financial creditors - banks, bond holders and other financial institutions - have claimed Rs 86,892 crore.
Deepika apparently asks for a pay cheque on par with the film's leading man.
The Pune-based vaccine major has entered into a collaboration with the University of Oxford and AstraZeneca to manufacture the vaccine.
For the near term, Gill will have to improve relations with the Reserve Bank of India, which have been strained in recent times. He will also need to strengthen the bank's asset quality and improve governance standards and internal processes.
20 defence ministry reforms 'is a reflection of the resolve of the government to make the defence sector stronger and more efficient.'
The central bank's tough new rules spell major changes in the competitive landscape for financial services audits.
RBI says haste in easing norms for banks harmful to economy.
The last date to submit bids is March 17 but the deadline could be extended if there are requests from potential bidders.
'These officers should have sat together and sorted things out.' 'And if things were not working out amicably then the other organisations which control the CBI -- be it the CVC or the prime minister's office or even the home ministry -- someone should have gone ahead and solved these problems rather than reducing it to this farcical situation.'
A look at the top tweets from your favourite Bollywood celebrities.
'Police officers should be selected on merit and not on the basis of who is close to the political party in power.'
'The CBI should be bifurcated and the CBI's charter should be restricted to anti-corruption cases.'
'The investigation of major criminal cases having national and international implications, and national crimes spread over more than one state may be entrusted to a new national crime bureau,' recommends Dr Madhav Godbole, the former home secretary.
Section 276CC provides for prosecution and makes tax evasion punishable with rigorous imprisonment of three months to seven years along with a monetary penalty depending on the amount dodged.
The court extended the judicial custody of Chidambaram after the Central Bureua of Investigation sought extension of the veteran Congress leader's judicial remand.
'From the day I've taken over as chairperson of the CBFC, Ashoke Pandit and Chandraprakesh Diwedi have ganged up against me,' Censor Board chief Pahlaj Nihalani tells Subhash K Jha.
The veteran Congress leader said people asked him why only he had been arrested, but he had no answer.
'There will always be hiccups given that the Namami Gange programme is spread over different sectors and involves several agencies.'
The probe agency found irregularities in loans amounting Rs 3,642 crore sanctioned by Yes Bank to the travel firm.
Tea estates across Assam and West Bengal, which were hitherto closed owing to the lockdown, opened in April.
Today, the single most popular route of laundering is the stock market platform, notes Debashis Basu.
The Supreme Court appointed Special Investigative Team, which is looking into the black money cases, on Thursday said it will go after the offenders "big or small" but also made it clear that the confidentiality of account holders abroad will not be violated.
'On the evening of the 17th, the RBI said the bank was put on moratorium.' 'Within an hour, the RBI said it would be merged with DBS.' 'How did DBS come to know within an hour that LVB was in trouble?' 'It means, what happened was match-fixing.'
He will be the first bureaucrat to head the central bank in almost five years.
The biggest-ever seizure of cash in new currency grew to over Rs 5 crore on Friday even as the Income Tax department said it detected unaccounted income worth Rs 152 crore after it conducted searches in a dozen premises in Bengaluru and other locations.
From 100% tax deductions for contributions to PM-CARES fund to extending the due date for linking Aadhar and PAN card, the government has provided various tax relief and extensions in deadlines for statutory compliances, says Homi Mistry.
Most listed corporate entities in the country are in a fix. With the sudden declaration in late March of a nationwide lockdown to tackle the Covid-19 pandemic, the final calculations of their financial results for the year 2019-20 (FY20) are hanging in limbo. Till April 19, only 41 of the 3,947 companies listed on the BSE have managed to finalise the dates for the declaration of their yearly financial results.
Chidambaram had on Wednesday rushed to a trial court for protection from arrest in Aircel-Maxis case before approaching the Delhi high court in connection with the INX Media case, in which he has been asked by probe agencies to join investigations.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances