According to RBI's circular, cases of frauds involving more than Rs 25 crore and up to Rs 50 crore should be given to the CBI's Banking Security and Fraud Cell
Rajan said it is hard to offer an objective self-assessment but the RBI should probably have raised more flags about the quality of lending in the early days of banking exuberance.
From India's first Vietnamese restaurant to a molecular restaurant, Gitanjali Gurbaxani lists her choices for a monsoon treat in Bengaluru.
Aseem Chhabra picks Indian and other South Asian gems at the Toronto International Film Festival.
Banks have become more vigilant over the past two weeks, with many more officials involved in loan approval and disbursal.
"Our preliminary estimates show we may have to provide for around Rs 60 billion in the balance sheet for the quarter ending on March. The due date for LoUs amounting to Rs 60 billion is falling in the present quarter. This will be a contingent liability for the bank," said a senior executive, on condition of anonymity.
The CBI on Wednesday directed him to contact the embassy of India in a country where he is staying so that his travel to India can be arranged
Nultiple regulators are probing the nexus of scamsters with diamonds after a state-run bank got defrauded of $1.8 billion by designer jeweller Nirav Modi.
Shares of jewellery makers on Monday fell sharply by up to 20 per cent following dip in global prices of gold.
Demand bounces back but uncertainty over GST rate for jewellery casts a shadow over future.
Precious ornaments are estimated to become 3% costlier under GST
The stunning actress turns 32 today, September 11.
The Reserve Bank of India also banned with immediate effect issuance of letters of comfort which, like LoUs, are used by importers to fund their overseas purchases.
Sukanya Verma looks back at Bollywood royalty, and asks *you* to pick your favourite!
The ED on Monday also examined the state-owned bank's executive director K V Brahmaji Rao to understand how the alleged fraud was detected and other banking procedures.
No arrest has been made yet in this connection.
'There are so many issues that the CVC is examining both with reference to the PNB and RBI,' K V Chowdary said.
A food consultant tries to channel her healthier side, and here's what she discovers.
'We don't trade with any business where we have specific concerns,' a De Beers spokesperson said.
The notice, the sources said, was issued on Tuesday to Anita Singhvi and that she was asked to explain how much she had paid in cash and through cheque to purchase the valuables and jewellery a few years back. It is understood that the I-T feels that about Rs 1.5 crore was paid by cheque for the purchase of the jewellery, while about Rs 4.8 crore was paid in cash by Anita Singhvi.
Young Indian entrepreneurs hope to share some of the limelight too at the Hyderabad event.
The price is at a 4-year low, stabilising around Rs 25,000/10gm.
Corporate honchos from real estate sector to manufacturing to textile say the Budget does not have enough to help their sectors
Polling for the 288-seat Assembly is being held in a single-phase on Wednesday.
The latest updates from the Tamil film industry.
Readers share their experience of ordering meals in the Indian Railway.
Despite various challenges, the past year was a good one, says Bruce Cleaver, chief executive officer of the De Beers Group, the global corporation that has been the leading one in all aspects of the diamond trade for over a century.
October is being raved about!
'October is the month when the sweet-smelling flower, known as parijat, shiuli, harsingar, night jasmine or prajakta, enters bloom.' 'But the lesson of love and loss in Shoojit Sircar's poignant drama is likely to linger all year long,' says Sukanya Verma.
The common denominator: They were predominantly Gujarati, mostly male, and either related by blood or very well-known to Nirav.
Gold was Rs 28,100 per 10 gm on July 26, 2014.
The broader NSE Nifty dipped below the 10,200-mark to hit a low of 10,180.25 before ending at 10,195.15, down by 165 points, or 1.59 per cent.
There can't be a parallel inquiry and parallel monitoring by the courts, Attorney General K K Venugopal told the court.
A big part of October's charm is in its taking of a cinematic tragedy and presenting to us how we may experience it in real life, says Sreehari Nair.
A daughter's ode to her mother.
Buying had been muted in the past few weeks.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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