Remember to take important documents like no dues certificate.
Public sector banks, including the country's largest lender State Bank of India (SBI), have come out with a templated approach for restructuring retail and small business loans of up to Rs 25 crore under the Reserve Bank of India's (RBI) Covid restructuring package 2.0. They have also come out with standardised products to make funds available to business entities for improving healthcare infrastructure and to individuals for meeting Covid treatment expenses. Business loans have been divided into three categories.
'If the EPS government falls, Sasikala will return. If EPS wins, he will become an indispensable leader and Sasikala will not be able to return.' T E Narasimhan reports.
Citizens of many countries including Iran, Sudan and Cuba, who come in large numbers to India are facing severe problems as they do not have international credit cards
In its RCN issued against a fugitive, the Interpol asks its 192 member countries to arrest or detain the person if spotted in their countries after which extradition or deportation proceedings can begin.
CBI said it had shared the information about revocation of his passport in the 'diffusion' notice issued through the Interpol on February 15.
Reliance Group, recently, accused L&T Finance and Edelweiss Group entities of "illegal" and "motivated" actions in invoking the pledged shares of Anil Ambani group's three listed firms and selling them in open market causing a steep fall in share values.
Indian-origin former German lawmaker has challenged the child pornography allegations levelled against him by state prosecutors, accusing them of lying about the probe against him.
The department gets data of high-value transactions under the Annual Information Return.
The diamond merchant wanted in India on charges of fraud and money laundering in the estimated $2-billion Punjab National Bank scam case, lost his legal battle against extradition as a UK judge ruled that he does have a case to answer before the Indian courts.
Foreign banking major Standard Chartered Bank has tied up with Oriental Bank of Commerce for providing agency trade services to Indian importers.
'We don't trade with any business where we have specific concerns,' a De Beers spokesperson said.
'If there is any industry that is unfit for modern corporate form it is the diamond trade.' 'But no one was asking the right questions.' 'The music was playing and so the game was on,' says S Murlidharan, former MD, BNP Paribas.
The letter purportedly written by Rohith Vemula, the Dalit scholar of University of Hyderabad, before he committed suicide, has been sent to the forensic lab for analysis as reports emerged about an entire paragraph that had been scratched off the note.
Becoming a unicorn is surely a marker for a company in its growth story, but it's not a major achievement nor is it a turning point of any significant worth.
The United States government over the years has been spending more than what it earns. Like for the year 2011, the expected revenues for the US government stand at $2.17 trillion, whereas the expected expenditure is much higher at $3.82 trillion, leaving a difference of $1.65 trillion between what the government earns and spends.
Spanish bank denies credit line to bail Sahara boss.
Employees of some top Indian companies were in for a pleasant surprise when they received a mail from their HR team announcing a hike in salaries and bonuses. Led by IT firms and start-ups, HR managers say that while some have offered cash and stock options, others are in a wait-and-watch mode and add the trend will pick up in other sectors. For example, IT giant Cognizant - which had an attrition rate of 19 per cent in the December quarter - has established a $30-million employee retention fund in order to bring down the high attrition rate.
The 12,000-page charge sheet further claimed that a similar fraud was detected in 2016 following which the RBI took up the issue and issued circulars to all banks.
Nirav Modi's lawyer raised a British court's judgment blocking the extradition of WikiLeaks founder Julian Assange to the US on mental health grounds, as the embattled diamond merchant appeared via videolink before a court here on Thursday for a two-day hearing of final submissions in his fight against being extradited to India. The 49-year-old diamond merchant, facing charges of fraud, money laundering and intimidating witnesses in the estimated $2-billion Punjab National Bank (PNB) scam case, appeared in the Westminster Magistrates' Court. Sporting a full beard and dressed casually in a blazer, he followed the proceedings from a room at Wandsworth Prison in south-west London as his counsel raised Monday's judgment which blocks the extradition of Assange to the US on the grounds of his mental health.
The 19 MLAs were sent notices Tuesday by the Speaker after the Congress complained that they had defied a party whip to attend two Congress Legislature Party meetings.
Association will write a letter to Finance Minister Arun Jaitley to demand a rollback.
Importers may be hit by delay in receipt of documents. But, they cannot hold the negotiating bank or the nominated bank or the LC-issuing bank responsible for the delay.
Despite sanctioning the loans, bankers are worried whether to disburse the loan because of absence of an investment grade rating.
The government has given sanction for prosecution against PNB executive director Sanjiv Sharan as part of the clean up exercise in the system.
The third day of the five-day hearing at Westminster Magistrates' Court, presided over by Justice Samuel Goozee, was devoted to the defence laying out further arguments against a prima facie case of fraud and money laundering against Modi.
The central bank has not set a deadline for banks to conclude the stress-test exercise, but senior bankers opine that some were already looking at this, and will now fast-track it by September-end, when they will have a better picture of their books after the moratorium on the servicing of loans and a 180-day view on the performance of borrowers' accounts.
Here are the many pros and some cons of going for such an arrangement
The PNB fiasco falls into a family line that involves non-fund limits - read contingent liabilities which are off-books. Harshad Mehta did it with bankers' receipts in 1992. Ketan Parekh exploited the ignorance of bankers who did not know the difference between a cheque and a pay-order. And the RBI blinked when it failed to insist the SWIFT platform be linked to the core banking solution. Raghu Mohan & Abhijit Lele trace the banking mess that was just waiting to happen.
The agency has registered the FIR after a preliminary enquiry on a complaint from the oil ministry.
The veteran Congress leader said the NDA's success was attributable to the absence of a strong and united Opposition.
Gautam Gambhir launched a scathing attack on Bishan Singh Bedi after Navdeep Saini's dream debut in international cricket.
With big data analyses, your investments, spends and big purchases are being tracked more closely now by the income tax department.
On October 3, Subramanian, a Chennai-based mechanical engineer, had tagged the Twitter handles of NASA, LRO and ISRO in a tweet, asking, "Is this Vikram lander? (1 km from the landing spot) Lander might have been buried in Lunar sand?"
It will carry out most banking operations like accepting deposits but can't advance loans or issue credit cards.
India welcomed resolution of the political crisis in Sri Lanka and exuded confidence that relations between the two countries will continue to move on in an upward trajectory.
RBI seeks detailed report on what happened between 2011 and now; bankers to recall loans to Nirav Modi entities.
"It was a well-thought-out plan. Waze was interrogating Hiran for three days and made him write false complaint of several agencies and police officers calling him including Waze himself. The letters were addressed to chief minister Uddhav Thackeray and Mumbai police commissioner, he said.
The Madras high court on Wednesday asked the Tamil Nadu government to reconsider its decision to convert late Chief Minister J Jayalalithaa's residence in Chennai into a memorial and declared her niece and nephew as the legal heirs of her property worth several crores. A division bench of Justices N Kirubakaran and Abdul Quddhose also suggested that Veda Nilayam, located in the upmarket Poes Garden area, be converted into the official residence of the chief minister of the state, while a portion of the property can be a memorial if needed.
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.
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