The Supreme Court on Wednesday expressed displeasure over the government's reluctance in coming forward with full information on the black money stashed by Indians in foreign banks, saying it as a theft of national wealth and amounted to 'plunder' of the nation.
Experts say the recent Rs 14,000-crore PNB fraud could have been avoided had there been an integration of PNB's CBS with its SWIFT system
The Enforcement Directorate has issued a 'Look Out Circular' against Pune-based stud farm owner Hasan Ali Khan, accused of stashing black money abroad, to prevent his escape from the country.
Tehelka magazine said two years ago the German government had passed on the names and bank account details of 18 Indians who had invested their wealth in the LGT bank in Liechtenstein, a well-known tax haven.
The unidentified hackers had executed money transfers on two separate occasions - August 11 and August 13 - which raises the question of why pro-active measures were not taken on the first night itself
IFC, a member of the World Bank Group, is helping one of Japan's leading banks, Mizuho Corporate Bank, finance a project that would operate power transmission links between East, North-East and electricity-starved North India.
'Confidentiality needs to be maintained.'
Campaigning for the Bharatiya Janata Party, Union Minister of State Sadhvi Niranjan Jyoti on Monday used abusive words to urge voters to choose between candidates.
HSBC India has announced a new home loan package offering to pay back part of the interest to borrowers. Yes, like the foreign bank claims, it is a first in the home loans business. But if one takes a careful look, it might not be such a big deal after all.
State Bank of India has received the permission from the Chinese Government to lend in the local currency -Yuan, a top official said on Thursday
Rahul said PM visits US and China 'using' the aircraft of his wealthy 'friends'.
Private sector banks gained market share over their public sector counterparts during the year up to October 8.
Escalating the attack on Prime Minister Narendra Modi over demonetisation, Rahul Gandhi on Saturday accused him of dividing the country between the rich and the poor and dubbed the move as "firebombing" on cash economy and farmers and labourers.
As the government submitted a list of 627 foreign account holders to the Supreme Court on Wednesday, the spotlight is on family of former Maharashtra chief minister, former minister in the UPA government, a Mumbai-based corporate among others. Vrishti Beniwal reports
The Reserve Bank of India collects credit information from banks under the CRILC reporting system for borrowers with the credit exposure greater than Rs 5 crore.
Moving ahead with its fleet expansion plan, cash-strapped Air India has sought a long-term loan of USD 475 million from banks and financial institutions to acquire three long-haul Boeing-777s.
The two -- along with five other private sector banks -- are likely to get impacted by the new FDI policy as foreign shareholding in these entities in different forms like American depositary receipts and global depository receipts exceeds 50 per cent.
Customers can meet in the Sapphire conference room, put away their valuables in the Topaz locker room and freshen up in the Opal dressing room.
RBI, Enforcement Directorate to see if money was sent to tax haven
However, the exact number of persons contained in the list and the illegal money in the accounts of German banks could not be ascertained immediately.
While other foreign banks are still shrinking their loan portfolio, Standard Chartered Bank says it is seeing a double-digit growth
The Reserve Bank of India's proposed guidelines on bank executives' compensation will be extended beyond just CEOs to all senior executives in private and foreign banks, especially those involved in treasury functions.
A team would soon be visiting Switzerland to hold talks with the Swiss authorities in an effort to unearth unaccounted for money stashed away by Indian nationals, Finance Minister Pranab Mukherjee has said. The government has finalised dates to renegotiate existing treaties with Switzerland and Belgium to broaden the scope for bringing back money parked illegally by Indians in foreign banks.
Put plans on hold after HK caps expansion, Singapore orders stricter asset norms.
The Reserve Bank on Tuesday said it would come out with norms on salaries of CEOs of private and foreign banks by June end, in a move reminscent of the US seeking to control pay of Wall Street executives.
Use of the incorrect form will result in your return being treated as defective, points out Suresh Surana, founder, RSM India.
'If the RBI board forces the management's hand on all the key issues, it should be prepared for resignations by the governor and the key deputy governor, Viral Acharya,' warns T N Ninan.
While everybody is talking about the vast potential of 5G, the uptake of such services in India depends on operators getting around 100 Mhz 5G spectrum. At the reserve price proposed by Trai, getting this spectrum will cost a telco around Rs 490 billion. Which amount could be difficult for operators to mop up, given the financial stress they are undergoing, says Kiran Rathee.
Bank employees are planning to go on strike on December 16 during the Parliament Session against banking sector reforms such as privatisation of public sector banks (PSBs) and closure and merger of associate banks/other PSBs with State Bank of India.
Earlier, Arun Jaitley had said 60 prosecutions had been launched on the 'HSBC list'.
Overseas funds have been spooked by several policy measures taken by the government in the past few years
Ram Jethmalani passed away a few days before his 96th birthday on September 14.
A year on, the outlook is much more positive. In 2010, public sector players, which have done a bulk of the lending over the last 15 months, are going to strengthened with the government set to start the Rs 15,000-crore recapitalisation programme.
We started with a series on how some of the top banks in India performed during the Year 2009 and how they are positioned for the coming year. Next in the series in HDFC Bank.
We bring you a series on how some of the top banks in India performed in the Year 2009 and how they are positioned for the coming year.
Terming demonetisation as a historic and brave step, he said, black money constitutes 80-85 per cent of the economy and Modiji has taken bold step to solve the issue
Ongoing trade-war rhetoric between the US and China added some nervousness on the trading front coupled with extremely bullish dollar sentiment overseas.
Although private banks continued to operate as usual majority of trade and industry was hit by the strike by staff of 25 nationalised banks who are demanding revision of wages and a second option for pension among other things. The Indian Banks' Association, a grouping of public sector banks, is yet to formally respond to the demands of the striking employees.
Chidambaram has not been named as an accused in the FIR and the CBI is yet to file a chargesheet in the matter.
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