The apex court was hearing a petition seeking directions to the authorities to ensure adequate security at hospitals and medical centres to prevent attacks on doctors and healthcare workers by relatives of patients and others.
Subhash Shankar Parab, a key accused in the Rs 7,000 crore diamantaire Nirav Modi bank fraud case, was "deported" from Cairo on Tuesday after a long diplomatic and legal process, officials said in New Delhi. A CBI team had gone to Egypt's capital to bring back 50-year-old Parab, who was allegedly kept in illegal confinement in a Cairo suburb by Modi, the fugitive diamantaire, they said. The CBI had been chasing Parab, deputy general manager (finance) in Modi's Firestar Diamond and understood to be a key witness to the Letters of Undertaking (LoU) submitted to the Punjab National Bank (PNB) to siphon off over Rs 7,000 crore, they said.
The government has given sanction for prosecution against PNB executive director Sanjiv Sharan as part of the clean up exercise in the system.
American banking major Citibank on Thursday announced that it will exit from the consumer banking business in India as part of a global strategy. The business comprises credit cards, retail banking, home loans and wealth management.
Axis Bank dismisses 24 staffers, suspends 50 accounts after I-T raids
All documents and data were safe as there was a Disaster Recovery Centre for every bank
Companies owned by fugitive diamantaire Mehul Choksi have allegedly siphoned off over Rs 6,344.96 crore from the Punjab National Bank (PNB) using fraudulent letters of undertaking and foreign letters of credit, a CBI investigation into the scam has detected. The findings were submitted by the CBI in a supplementary chargesheet filed before a special court in Mumbai last week, where the agency said the PNB was conned by its employees who were allegedly hand in gloves with Choksi and his company executives and who facilitated the scam as part of a criminal conspiracy. The PNB officials at the bank's Brady House branch in Mumbai issued 165 letters of undertaking (LoUs) and 58 foreign letters of credit (FLCs) during March-April 2017, against which 311 bills were discounted.
The problem here is that internal auditors are good at accounts, but they are not trained to track foreign exchange transactions
FinMin finally sacked executive directors K V Brahmaji Rao and Sanjiv Sharan on January 18. The bank's board, however, had felt they had no criminal intent and it was a case of 'casual oversight'
Bharti Airtel aims to leverage its 180 million plus digital service customers and its wide presence in rural areas to grow its payment bank business. "We are well placed as we can leverage the 180 million plus customers we have across our digital assets. "We offer a plethora of services such as lucrative interest rates, gift cards, FASTag, telecom recharges, payments and debit cards. "Our large merchant base of more than eight million allows us to drive both engagement and monetisation.
RBI seeks detailed report on what happened between 2011 and now; bankers to recall loans to Nirav Modi entities.
The restructuring, which will involve nine listed companies, including TVS Motor, Sundaram Clayton, Sundram Fasteners, TVS Electronics and TVS Srichakra, among others, will give each family group complete ownership of businesses they manage while scrapping the holding company.
SBI has announced an investment of Rs 7,250 crore in Yes Bank through the acquisition of 725 crore shares at Rs 10 each.
A key White House staffer who was fired after it came to light that he was behind a Twitter account that dished out gossip and pointed barbs at the Obama Administration is an Indian-American.
Sunday's operation, the biggest in the Belgian capital since the Paris attack, began shortly after a government meeting on the crisis and a decision to maintain for a second day the highest possible alert level in Brussels.
I was offered Delhi CM's post or face jail term, Sisodia said.
US bank Citigroup on Wednesday announced the sale of its Indian consumer banking businesses, including credit cards, retail banking, wealth management and consumer loans, to private lender Axis Bank for Rs 12,325 crore, as part of its plans to exit retail operations in 13 markets.
A defence ministry staffer, involved in the corporate espionage case, was remanded to one-day police custody.
Branch networks will give preference to pensioners and labourers for withdrawing money.
While Gupta, 60, can rightfully bask in the glory he has achieved for his bank in the subcontinent, his peers in foreign banks will have to revisit their India play, especially the local incorporation model, says Raghu Mohan.
The chief of the Central Intelligence Agency on Friday apologised for the United States' spy agency's surveillance of computers used by lawmakers and their staffers involved in investigating the organisation's harsh interrogation techniques.
The combined entity is set to be the third largest bank in India, behind State Bank of India and ICICI Bank.
The bank is also working on a three-year business plan, nearly coinciding with the time its new chairman Rajnish Kumar would be in the corner office.
Bandhan Bank is expecting that a little less than 50 per cent of its portfolio will be dominated by affordable housing loans in the next three to five years.
Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space.
"The President does intend to veto this legislation," White House Press Secretary Josh Earnest said.
The data leak obtained by 'The Australian' newspaper has revealed how the alleged CPC members are employed with some of the world's biggest corporations in the areas of defence, banks and pharmaceutical giants manufacturing coronavirus vaccines.
The US govt has urged the Supreme Court to reverse a lower court order on the Tata Mundra Power Plant in Gujarat funded by a financial wing of the World Bank
Market players said the new norms were more suited for online brokers, where clients were typically internet savvy.
The crime branch of Mumbai Police, which is probing the case, had sought the proclamation, saying that the Indian Police Service officer could not be traced even after the issuance of a non-bailable warrant against him.
The United States House of Representatives has voted to sue President Barack Obama for overstepping his authority in making unilateral changes to the Affordable Care Act, also known as Obamacare.
Scores of employees took to social media to express disappointment and said they were asked to resign over WhatsApp calls. On Twitter, some said they had been asked to resign by May 31 and that there was no severance package and salary would be paid only for May.
His daughter took to Twitter to allege that he was tortured in prison, and appealed to Prime Minister Narendra Modi and others to 'save his life'.
The Taiwanese government is investigating whether Xiaomi Inc, China's leading smartphone company by domestic shipments, is a cyber security threat and will make a decision within three months.
The amendment urges the US to enhance India's military capabilities in the context of combined military planning, and promote co-production/co-development opportunities.
Anup Roy and Krishna Kant on the challenges the public sector banks face in revitalising themselves
Why did the department and his colleagues not stop this 'rogue' officer from implicating an innocent man while the entire nation was watching for weeks? The answer is they either approved, or disapproved and refused to intervene or they didn't care, notes Aakar Patel.
The Tamil Nadu government on Friday announced Tamil Thaai Vaazhthu, an invocation sung in praise of mother Tamil, as the state anthem and directed that all present during its rendition should remain standing.
The development comes after the shareholders of Ambadi Investments, the holding company of the Rs 38,100-crore Murugappa Group, voted against the induction of 59-year-old Valli Arunachalam, the eldest daughter of former executive chairman M V Murugappan, into its board.
India also called for immediate resolution of the matter and ensure invitation to the J&K Speaker, saying otherwise India will boycott the annual conference in Islamabad.
