While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.
The stocks could tank more than what it did after the United Progressive Alliance-1 came to power in 2004, as the market has not yet priced in a Bharatiya Janata Party defeat, says Raj Bhatt.
The short answer, as usual, is I don't know. But this is what could happen in the next one year...
Unions, which are protesting against FDI in the banking sector, are pressing for various demands.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
IT majors along with metal names Sesa Goa and Hindalco buck trend.
Raghuram Rajan's 'surgery' uncovers more bad loans
The 30 share Sensex ended up 183 points at 27,470 and the 50-share Nifty gained 44 points to close at 8,295.
Jaitley said growing at 8-10 per cent for a significant number of years will help India find an answer to poverty.
The S&P BSE Sensex has dipped five per cent, thus far, in CY15.
The government has shortlisted Cyril Amarchand Mangaldas for giving legal advice on upcoming mega IPO of India's largest insurance company LIC, an official said. Four law firms - Crawford Bayley, Cyril Amarchand Mangaldas, Link Legal and Shardul Amarchand Mangaldas & Co - had made presentations before the Department of Investment and Public Asset Management (DIPAM) on September 24. Following presentations, Cyril Amarchand Mangaldas has been selected as legal advisor for the initial public offering (IPO) of Life Insurance Corporation (LIC), the official told PTI.
A total of 180 NSE-listed companies have not appointed a woman director.
Positive cues from the global market front aided the rally.
The broader NSE index has fallen about 0.9% as investors wait for corporate results
'Today, bankers don't want to take risks as the good decisions taken by them were not protected.' 'There is risk involved in all decisions, like businessmen taking risks in their businesses.' 'A banker must have taken a decision when the economic condition was different, and you cannot question him on the basis of the present situation in hindsight.' 'Naturally, this has affected the morale of bankers.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Market ended lower for the third straight session led by IT stocks amid downgrade by Citigroup.
Following the October 24 Supreme Court order, the department of telecom estimated that the total liability of 15 telecom companies, including penalties and interest, would be Rs 1.47 lakh crore.
Despite all of the PM's many strengths, it is increasingly clear that he does not necessarily have a coherent and clear worldview on matters of macro policy.
It can if your debit card belongs to a PSU bank
Asian shares ended higher after a string of positive US economic data.
State-owned companies have been set stiff targets to increase accountability as they get ready for divestment. Nikunj Ohri explains why meeting them will be challenging.
The finance ministry is not only keen to split the roles of CMD, but also wants to appoint them for a fixed tenure of five years.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The 30-share Sensex ended down 71 points at 26,710 and the 50-share Nifty lost 38 points to close at 8,030.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The 44-player industry logged assets under management of Rs 26.33 lakh crore in October-end, as compared to Rs 27.04 lakh crore by November end, representing a growth of 3 per cent. Among debt-oriented schemes, overnight funds received flows worth about Rs 20,650 crore, the highest among the fixed-income segment last month.
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
At 12:25 PM, the barometer index, the S&P BSE Sensex was down 358 points or 1.3% at 26,368.
Dr Rakesh Mohan, former RBI deputy governor, and Dr Pronab Sen, former chairman of the Indian Statistical Commission discuss the issues facing the Indian rural and manufacturing sectors and what the government must possibly do to improve demand and perk up the Indian economy
But sources said the airline had already executed a sale and leaseback agreement for old aircraft, adding, "Air India is also looking at similar agreements for brand new aircraft."
Government hits back, tells rating agency to introspect on processes.
Despite the current bout of volatility, debt-oriented hybrid funds remain well suited for risk-averse investors.
The Survey shows fiscal consolidation despite slowdown in growth.
ONGC was the top performer while private banking major ICICI Bank extended gains
'RBI and the economy will gain tremendously from Urjit Patel's experience in both private and public sectors'
Ulhas Joshi, Head -- Sales, Rank MF, a mutual fund investment platform, answers your queries.
Instead of a consumption stimulus the government must address the NPA issue with a war footing and invest in infrastructure, affordable housing and exports, says Sanjeev Nayyar.
'MFs have a combined exposure of Rs 3.2 lakh crore to NBFCs, out of which Rs 1.1 lakh crore matures by September 2019.'
PSU bank shares were the top gainers on hopes of a rate by the RBI on easing consumer inflation
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