Delhi Police on Thursday arrested 2 more persons in connection with the corporate espionage case.
The Delhi high court on Monday sought the Centre and SBI's reply to former RCom chairman Anil Ambani's plea to include the Chinese banks, which have got a decree of $717 million against him from a court in United Kingdom, in the proceedings related to recovery of Rs 1200 crore loan granted to two of his companies. The high court also said that the moratorium on recoveries from sale of Ambani's assets, as provided under section 96 of the Insolvency and Bankruptcy Code (IBC), would remain in operation for now. This direction came on the application moved by the State Bank of India (SBI) seeking a declaration that the moratorium shall continue to be in effect.
The rubber and tourism industries in the state, to which the bank has exposure, have been hit.
Bansal has picked up a majority stake in Chaitanya Rural Intermediation Development Services, a company which runs microfinance institution Chaitanya India Fin Credit.
While Dhanlaxmi Bank faces governance issues similar to those in Lakshmi Vilas Bank, the financial profile of the Kerala-based bank is better.
In 2012, Akula quit as chairman of Bharat Financial Inclusion (formerly SKS Microfinance), which he'd founded and led to a successful initial public offering
Women dominate Indian banks's clerical and officer rolls, but few make it to the executive office these days, notes Tamal Bandyopadhyay.
SBI may charge 14 to 14.75% for 5-year loans.
Totally, Air India has 27 Boeing 787s on order and will be taking deliveries of 20 of them by end of March 2015.
Banks are also weighing the option of hiring experts for help in specialised areas.
Pakistan Prime Minister Nawaz sharif warns that continuing US drone strikes will be a detriment to his country's efforts to eliminate terrorism; but the White House defends these strikes and vows to continue despite condemnation from the un and amnesty international too. Aziz Haniffa reports
The notice, which acts as an international arrest warrant, states that Purvi Deepak Modi, 44, is required on charges of "money laundering".
Only when the RBI inspection started on September 19 did they realise that their game was up and one of them had sent a letter to the central bank, leading to the RBI crackdown, report Anup Roy and Subrata Panda.
Delhi Police Crime Branch raided the office of a petrochemical co.
Days after the PM announced a financial inclusion package, a look at how banks and insurance firms are going about it and what lies ahead.
Jared Kushner, the 35-year-old, played a key role in the presidential campaign and his new White House job will cover both domestic and foreign policy.
Gill, who studied at Modern School and Hindu College in Delhi, joined Deutsche Bank in 1991 and became its India CEO in 2012.
Al-Qaeda on Tuesday claimed responsibility for the brutal killings of Bangladesh's first gay magazine editor
The tearing hurry to form theatre commands has to be replaced by a balanced and deliberate approach. We need to accept that this process will take time if executed correctly and in the best interests of the Indian armed forces, argues Commodore Venugopal Menon (retd).
Delhi police on Saturday filed chargesheet against 13 persons arrested in connection with the petroleum ministry document leak case.
The Indian Post Payments Bank will be a boon to Indians who live in rural areas. India has 154,000 post offices, of which 139,000 are rural.
Crime Branch of Delhi Police has recently filed a chargesheet.
The Delhi Police on February 20 arrested five corporate executives.
Ananthasubramanian, 55, started her career in 1982 at Bank of Baroda as a specialist officer in the planning stream.
The RBI, which has no interest or mechanism to get feedback from bank customers, is unaware of this. If made aware, it remains silent, proving that it has no problem in allowing lenders to short-change its customers, says Debashis Basu.
Many lay folks cannot fathom the arcane language of the corporate governance brouhaha. I found that a mythological story connects very well, says R Gopalakrishnan.
IBA has commissioned a study to evaluate the pros and cons of keeping banks shut on Saturdays.
If there is a morality tale here, it is that debt and death spare no king.
ICICI Bank has 317 branches in hitherto unbanked villages.
The specifics will also cover what's fit and proper to be a chest manager; the insurance and re-insurance aspects; and the new capital threshold, which is Rs 100 crore now.
The chargesheet against the 21 alleged members of the terror outfit Indian Mujahideen, accused of hatching the conspiracy to execute bomb blasts across the country, was on Tuesday filed by the city police in a special Maharashtra Control of Organised Crime Act Court in Mumbai.The Mumbai Crime Branch, in an 1800-page chargesheet, has charged all the 21 accused for hatching the conspiracy to execute bomb blasts in various cities of the country.
Finance Minister Nirmala Sitharaman on Tuesday held a review meeting on credit guarantee scheme with heads of public sector banks, and asked them to expedite loan disbursement under the Rs 3-lakh crore ECLGS for MSME sector, hit hard by coronavirus-induced lockdown. The meeting on Emergency Credit Line Guarantee Scheme (ECLGS) was held through video conference, and the minister appreciated the efforts of banks in execution of the scheme.
State Bank of India has become the first Indian bank to start commercial operations in China, confident of tapping and aiding the booming trade and commercial linkages between the two Asian giants.
The IPPB, which is currently running pilot services in Raipur and Ranchi, needs a go-ahead from RBI for the software used for system integration
In addition to the problem of long queues at automated teller machines, there would be the problem of guiding new cardholders, especially in rural and semi-urban areas, on how to use those cards, some bankers told Business Standard.
The problem is set to grow following issuance of 75 million new RuPay cards in the next six months with the launch of the Jan Dhan Yojana.
In a bid to gain a bigger share of the customer's wallet, banks are ramping up their cross-selling initiatives.
All transfers and promotions for next financial year will be decided by respective banks, not by the merged entity.
, Manappuram had commissioned ICRA Management Consulting Services (IMaCS) to study the gold loans market in the country and they came out with a report, 'Gold Loans Market in India, 2009'. This was a pioneering study; the first time that a scientific study of the gold loans market in India was carried out.
Congress MP and member of the panel Karti Chidambaram had requested Tharoor to take up the matter and call the officials of the Information and Broadcasting Ministry before the committee to seek clarification and remedial measures.
