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.
All shares held by SBI in the five associate banks will stand cancelled after merger.
Finance Minister Arun Jaitley said it has been decided to fix the minimum wages at Rs 350 per day for unskilled non-agricultural workers for 'C' category areas keeping in view the modalities of fixing minimum wages.
Over 18 crore workers are expected to participate making this a much bigger strike than last year.
The banks have asked the court to demand his return and to impound his passport.
'My appeal to ex-servicemen,' says Colonel Anil A Athale (retd), 'is please do not demean yourself and bring our izzat down to the levels of militant trade unionism of the banks or airline variety! Please accept a reasonable compromise and fight your battle with the 7th Pay Commission!'
'Now is the time for India to course correct and for the government also to course correct,' says businessman Mangesh Khatri.
A Special Court for Economic Offences has ordered summons to be issued against him over dues from his Kingfisher Airlines to the I-T Dept.
Each of the centres will have facilities such as Wi-Fi, air conditioning, free housekeeping services, locker facilities, and CCTV surveillance
The agency has issued a provisional order attaching the farmhouse located in south Delhi's Mehrauli area under the provisions of the Prevention of Money Laundering Act. It said the book value of the asset is Rs 6.61 crore but its market value is "worth Rs 27 crore and is in the name of Maple Destinations & Dreambuild".
Oriental Bank of Commerce on Friday said its profit will dip this fiscal due to acquisition of the ailing Global Trust Bank and hinted at another round of voluntary retirement scheme to cut excess flab.
'Else they will form a growing 'hospital sector' -- and the taxpayer will be asked to pick up a mounting bill,' warns T N Ninan.
With the new facility, settling PF withdrawal claims would just take few hours.
The humble Rs 100 bill had several takers on an otherwise normal weekday evening across the country on Tuesday night, even as police had to be deployed outside ATMs to control the crowd waiting eagerly to get their hands on the banknote.
The dilemma is that if farming is to be efficient, farmers will be worse off -- and if farmers are to be better off farming will be worse off, reveals T C A Srinivasa-Raghavan.
"You cannot play hide and seek with the court," Justice Suresh Kait said.
The Supreme Court has dismissed the appeal of ACC Cement, ruling that if a product is manufactured by one firm and sold by another with the latter's brand name, that sale would attract sales tax, not the first transaction.
'Sholay wallah kahani hai: 'Gabbar Singh aayega, Gabbar Singh aayega.' 'But what is inside Gabbar Singh nobody knows.'
'The web of transactions is so complex that it requires expertise to understand the strategies involved in each fraud.'
Snapdeal CEO Kunal Bahl said those who do not perform will have to leave.
'Nobody will wait now. Everyone will come to deposit their old notes. The confidence is shaken.'
Besides providing a new source of employment, services like Uber are changing our mindset.
The Supreme Court on Monday gave conglomerate Sahara another three months to come up with a final proposal to raise funds against its assets to secure bail for its founder Subrata Roy, who has been held in a New Delhi jail for more than a year. Sahara has made several failed attempts to raise $1.6 billion in bail money. Roy was jailed after Sahara failed to comply with a court order to refund billions of dollars to investors in a bond programme that was ruled illegal. The Supreme Court last week gave Sahara, a sprawling conglomerate that ranges from property to Formula One motor racing, a final chance to raise funds in order to bail out Roy. On Monday, the country's top court allowed Sahara to sell part of its Aamby Valley township outside Mumbai, which has luxury villas and a golf course, to raise funds.
The move prompted a strong reaction from the Congress, with its state unit chief Ajay Kumar Lallu equating it with the 1919 Rowlatt Act or Black Act and saying that the party will explore legal options to challenge it.
With the Indian Army having blocked the PLA several kilometres inside India, hundreds of soldiers from both sides remain in a tense face-off.
Deposits of Rs 3 lakh are "justified" if a person has an annual taxable income of Rs 10 lakh and the tax department will "not touch" him.
The final hearing in the case at the London magistrate's court to extradite Mallya to India is scheduled later this month.
Uber started its business three years ago in India and is now operating in over 20 cities with thousands of cab drivers.
With almost all opposition parties and several trade unions backing the 'Bharat Bandh' and many announcing parallel protests in support of the farmers, the Centre has issued an advisory directing all the states and Union Territories to tighten security and ensure COVID guidelines are followed.
Political observers say Banerjee is fast emerging as the face of the Opposition and would be a force to reckon with in the next general elections in 2019.
Drunk driving can attract a fine up to Rs 50,000.
The Budget emphasises on capacity building and empowerment of marginalised sections of society including farmers.
Banks, ATMs and quite a few markets were kept open on Sunday while 2.5 lakh sacrificial goats have been made available in the Kashmir valley to help citizens celebrate Eid-ul-Azha with traditional fervour.
A glance back at some of the important ups and down Indian Inc faced in 2018.
It is intriguing that the CBI has shown little interest in the most scandalous and biggest collective investment scheme ever, from the Sahara group, asserts Debashis Basu.
''I have been saying for the last 25 years, to no avail naturally, that the only government asset that is politically unproblematic is land,' says T C A Srinivasa Raghavan.
"They both were produced in the court and were granted bail on a surety of Rs 50,000 each," special public prosecutor Pradeep Gharat said.
The government has stated that it will make all efforts to bring back illicit wealth parked by its citizens in foreign jurisdictions.
India Inc has high hopes from the upcoming Budget.
