According to ED sources Sunil Mehta said the fraud took place due to "systemic failure" and "procedural lapses", owing to lack of interface or proper links between the core banking software and the SWIFT interbank messaging system.
'China is monitoring films like ours and making sure it doesn't get a platform.'
While the scam highlights the need for an overhaul of the oversight mechanism of banks and of their internal controls, questions are being raised on why multiple audits failed to raise an alarm
Former Tata group strategist and member of the now disbanded Group Executive Council, Nirmalya Kumar has said he was fired from his position for "working intensely and extensively" with ousted Tata Sons Chairman Cyrus Mistry.
A look at Telugu films releasing on New Year's Eve!
The film is watchable for its earnest performances.
After Singapore this is the second such nodal office opened by the new group chairman.
'If I get posted to a place, if people engage with me just as an Indian diplomat, I have X amount of leverage.' 'But when they look at me as the high commissioner of India and the author of Slumdog Millionaire, many more people are willing to meet me, more quickly than they would as a pure diplomat.'
In 2014, gold prices had fluctuated between Rs 27,000 and 30,000/10g.
Debutante director Abrid Shine depicts the transformation of Indian society towards the importance of sports in the film.
'There are millions of Americans who are doing their best to undo the damage that he (Trump) is doing to the world,' Michael Moore tells Indira Kannan in Toronto.
'The NRC is thoroughly anti-poor and the CAA is thoroughly anti-Muslim.' 'And these two deadly combinations are going to hit us like how demonetisation and GST has hit the entire nation.'
The venue for Saturday's meeting was shifted at the last minute from the headquarters of the India Banks' Association in Cuffe Parade to avoid media glare.
A highly respected figure in the field of music, Balamuralikrishna featured in the popular national integration song "Miley Sur Mera Tumhara" in which he rendered Tamil lyrics.
As Delhi-NCR chokes on post-Diwali pollution, demand for air purifiers has spiked with manufacturers such as Eureka Forbes, Blueair, Kent RO and Panasonic expecting up to four-fold jump in sales.
The virus may have acquired mutations that make it more severe and infectious.
Banking is a boring business but still the banker should enjoy it as fancy awards and cozy relationships with politicians, Bollywood stars and corporate honchos cannot save them if the job is not done properly. In the concluding part of the series Tamal Bandyopadhyay wonders how long Kochhar would need to wait for her redemption or downfall and atonement.
A day after Central Bureau of Investigation arrested his close aide and 2 others in illegal telephone exchange case, former Telecom Minister Dayanidhi Maran on Thursday charged the agency with trying "to fix" him to please an Rashtriya Swayamsevak Sangh leader from Tamil Nadu.
Meet the new class of Forbes India 30 Under 30.
Employee integration and branch rationalisation are major challenges.
Constant harassment and pressure to accept bribes has left employees of the Tamil Nadu administration disillusioned, reports R Ramasubramanian from Chennai.
'A small spark can create a volcano. Authors should keep this in mind.' R Ramasubramanian reports on the Tamil Nadu government's ban on two books written by Dalit writers.
Oru Oorla Rendu Raja is a tedious comedy drama that attempts to highlight the inhumane working conditions of factory workers in our country.
Because of Rajan's policies, the banking system has mustered enough courage to disclose their toxic assets
Indira Kannan picks Made in Bangladesh, Greed, Moothon.
'When name and fame come, people do change, but Srinivas was one person who never changed. He was a personification of humility and moved with all fellow musicians and everyone in society with respect.'
In addition, he will have to move swiftly to control any damage that may have been caused to the bank's image and investor confidence due to the loan controversy
...But ends up being oddly moving, says Sreehari Nair.
Gold prices fell to a 5-year low of less than $1,100/ounce.
'I believe politics was imposed on it by the censor board, when it gave the film's trailer an A certificate, hoping to deny children, teenagers the opportunity to watch it during prime time television shows,' says Aseem Chhabra.
'Some co-operative banks are dominated by politicians and were reportedly being used to launder Rs 500 and Rs 1,000 notes.'
Tata Sons, holding company for the Tata group, is working on building a centralised rural business platform that could be leveraged for the entire group's benefit, instead of each company looking at it separately.
'Who will cast me?'
'It's all about how many Instagram followers you have, which ramp you're walking on,' the actress who is sensational in Sacred Games tells Rediff.com's Ronjita V Kulkarni.
Five months since her conviction by a Karnataka court and being forced to step down as Tamil Nadu CM, Jayalalithaa has not been out of her house. However, she continues to run the Tamil Nadu government with the help of a few retired bureaucrats reports R Ramasubramanian.
Tambaram, a suburban area of the capital city has borne the brunt of the torrential rains, with areas beyond 2-3 km outside of its station left inundated, cutting it off from rest of Chennai.
Though the government says public and private shipyards compete on equal terms, public shipyards feast at the high table with the defence ministry, with only scraps being tossed to private shipbuilders.
China is expected to unveil its investments in India during President Xi Jinping's visit to New Delhi, scheduled for the third week of this month.
A First Information Report was registered at Jyotinagar police station, in Jaipur, on Friday, to investigate allegations of match-fixing by Board of Control for Cricket in India president and Managing Director of India Cements Ltd N Srinivasan, and his son-in-law, Chennai Super Kings team principal Gurunath Meiyappan, for conspiring and executing the fixing of an Indian Premier League match on May 12, between Chennai Super Kings and Rajasthan Royals at the Sawai Man Singh stadium in Jaipur.
The stars behind the biggest films of the year like Prabhas, Aamir Khan and Shah Rukh Khan may have been absent, but IIFA was quite an extravaganza.
I would advise at least a 7 year investment time frame for Equity Investing
