Of the total 53,334 cases of frauds reported during 2008-09 and 2018-19 fiscal years, involving a whopping Rs 2.05 lakh crore, a highest of 6,811 cases were reported by the ICICI Bank.
Cash-strapped Royal Bank of Scotland is reviewing its branding agreement with cricketer Sachin Tendulkar a year into the deal.
Standard Chartered pulled out of the negotiations over valuation issues, according to sources. They say it was willing to pay up to $250 million, a figure that apparently fell far short of RBS' s expectations.
The report, 'The roots of growth: Projecting EM infrastructure demand to 2030', produced jointly by Cambridge Judge Business School and the Royal Bank of Scotland, predicts that the emerging world will need to spend $20 trillion dollars on infrastructure over the next 20 years.
The $5.7 billion total includes $1.6 billion in fines separately imposed by the US Federal Reserve on the five banks.
At present, the bank has around 10,000 employees in India, with 7,500 in Aces, its business process outsourcing unit and product development centre, while another 500 are in the non-retail banking units, who would be retained. This is part of its strategy to focus on key markets after the sale of its retail and SME banking business. The unit had contributed around 30 per cent of RBS's revenue from its India and Asia-Pacific operations.
Foreign lender Royal Bank of Scotland on Thursday said RBI is likely to hike its policy rates by up to one percentage point this year even as the headline inflation is likely to fall to 6-7 per cent on the back of a good monsoon.
The US owners of Premier British League Football team Liverpool are looking to sell the club and have appointed Barclays Capital to find a buyer, a source familiar with the matter said on Sunday. American businessmen Tom Hicks and George Gillett are facing a demand to repay 100 million pounds ($153 million) of the club's 237 million pounds debt to its lenders, Royal Bank of Scotland and US bank Wachovia, in July.
Liverpool's American owners are set to announce they have a sealed 350m pounds refinancing deal.
Romesh Sobti, ABN country head for India, will move to IndusInd Bank, a domestic private-sector institution controlled by the Hinduja family.
One person died after he collapsed during demonstrations against the G-20 summit in London, as security officials vowed to prosecute protestors who broke into a branch of the Royal Bank of Scotland. The man died after he collapsed at the scene of protests near the Bank of England. A protester called the police after they saw the man collapse and stop breathing. Two police medics broke through the cordon and carried the man to a clear area.
The deal, struck by group firm Aamby Valley for 470 million pounds (about Rs 3,300 crore), makes it one of the largest acquisitions in the hospitality space by an Indian company.
Valued at $71.2 billion, the bank's market capitalisation is more than that of global banks like Barclays, JP Morgan Chase and Credit Suisse.
McKinsey, RBS postpone placements by three to six months
British Premier League football club Liverpool, put up for sale by its US owners last month, has been granted an extension on its debt pile under a deal brokered by its new chairman, the Sunday Times reported.
The Royal Bank of Scotland Group Plc has been fined 28.59 million pound by the Office of Fair Trading (OFT) for breaching competition laws by some of its employees, who handed over price sensitive information to a rival.
Sunday Times reports Tata Group has agreed in principle to invest pound 100 million alongside refinancing.
As public distaste at taxpayer-funded bail-outs has turned to "bonus rage" directed at specific individuals, the fear of physical harm has grown appreciably. For a vilified few, they really are out to get you.
The domestic mutual funds such as Reliance Mutual Fund and Tata Asset Management Company are in advanced talks with global fund houses and investment advisors, in an attempt to offer global investment products to their Indian investors.
NRI hotelier Gulshan Bhatia is the front-runner to acquire Waldorf Hilton for 185 million. Bhatia, who along with her son Asif, has built a fortune of more than 70 million as a hotelier, is poised to acquire the 299-room Waldorf in Central London.
Shares of most European banks are down significantly.
The combined entity is set to be the third largest bank in India, behind State Bank of India and ICICI Bank.
Foreign banks were ahead in terms of technology, but that is no longer the case as Indian private banks steal the innovation march.
Back- and middle-office positions that support trading functions and provide technology services will be cut
The state funeral on Monday will take the form of an elaborate ceremony that will see Her Majesty's coffin transported from Westminster Hall to Westminster Abbey and finally to Windsor Castle.
The central bank has, so far, cut its repo rate by 125 bps.
Ratnakar Bank to absorb RBS' employees involved in three businesses
These jobs are not being cut and that the employees will be reallocated to other projects
The most preferred CoCo bonds are those through which banks raise their additional Tier-I capital.
An estimated over 250,000 people saw British Queen Elizabeth II lying in state in London when her coffin was displayed for public viewing for a little over four days before the funeral, according to a report on Tuesday.
Royal Bank of Scotland and JP Morgan were also fined over attempts to rig currency benchmarks in a year-long probe that has put the largely unregulated $5 trillion-a-day market on a tighter leash, with dozens of dealers suspended or fired.
RBI has, since January, cut its policy rate four times.
The bank (Williams & Glyn's), which was dormant for about 30 years, is being revived by UK-based lender the Royal Bank of Scotland Group Plc.
Raising the issue during Zero Hour, he said SBI has signed an MoU pledging one of the single largest loans to a corporate house despite five international banks refusing to lend to the Adani project.
In India post the success of masala and green bonds on the LSE, Nikhil Rathi tells Rajesh Bhayani that there are many international investors interested in buying into the India story
Banker Meera Sanyal and activist Mayank Gandhi figured in the Aam Aadmi Party's first list of probable candidates released late on Thursday night for forthcoming Lok Sabha elections in Maharashtra while no senior leader's name featured from Delhi and Haryana.
For most companies this would mean extending medical coverage to same-sex partners, say legal experts.
The Reserve Bank of India (RBI) is expected to keep policy rates unchanged at a six-weekly rate review on Tuesday, ending a year-long cutting cycle as it focuses instead on underpinning the plunging currency.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances