The RBI view comes within a fortnight of the sectoral regulator FMC in a report stating that the promoter Shah and promoter company Financial Technologies are not eligible to run the crippled exchange, an order challenged by the group in the Bombay High Court.
The Congress said arrogance of the BJP has touched its zenith as it turned 'blind' to farm distress.
If the absconding jeweller is traced in Britain, the extradition request to the UK government could follow a similar course as the case of embattled liquor tycoon Vijay Mallya
The officers did not arrest Neeraj Singhal despite CBI Director Ranjit Sinha's orders.
In a statement, the BJP chief's son said, ""The article makes false, derogatory and defamatory imputation against me by creating in the minds of right-thinking people an impression that my business owes its 'success' to my father Shri Amitbhai Shah's political position."
The CBI has filed chargesheets against 12 accused, including sharebroker Ketan Parekh, for allegedly defrauding the Madhavpura Mercantile Co-operative Bank of Rs 1,030 crore.
The finance ministry is not only keen to split the roles of CMD, but also wants to appoint them for a fixed tenure of five years.
'... not even a moral one, let alone a legal one.' 'Even if it is assumed that Deepak Kochhar tried to influence his wife into doing something dodgy for his 'social acquaintance', why would she do it?' 'By all accounts she has been granted share options in ICICI Bank of a very substantial amount which easily makes her a multi billion-pati.' 'She did not become CEO against some stiff competition by being stupid and concocting devious cock-and-bull renewable energy stories.' S Murlidharan, former managing director, BNP Paribas, unravels the Deepak Kochhar-Videocon controversy.
'Under Modi Ji's 'Jan Dhan Loot Yojana', another scam!' he tweeted.
The combined market capitalisation of the 21 listed PSU banks declined by about Rs 76,000 crore to Rs 425,800 crore during the month.
A decline in the real estate sector, rising debt and the company's alleged involvement in 2G scam caused damage to the business and its image.
With only one day left, the Winter session of Parliament is on the verge of a washout as it failed to transact any business again on Thursday.
The Congress chief reiterated that Rs 30,000 crore was "wrongfully" given to Anil Ambani in the purchase of Rafale fighter planes.
The banking sector's credibility is on thin ice. Unless the government takes strict steps, things could get worse.
At least a dozen rallies are expected to follow in the coming days, party sources said.
The Congress chief alleged that in the 2016 demonetisation exercise, black money became white, nobody went to jail and contrary to the BJP's promise, no one received Rs 15 lakh in their bank account.
The arrest of Chhagan Bhujbal by the ED rocked Maharashtra Legislature with protesting Opposition alleging it was "vendetta politics".
The MCD workers' protest entered its tenth day on Friday as they continued their agitation in Delhi's Bhajanpura area over non-payment of their salaries.
It won't be an easy ride for the markets, reckon experts, considering the multiple state elections in 2018 and general elections next year.
The attorney general told the apex court that the invasion of privacy was very minimal in Aadhaar and it may not even be considered as an invasion.
When you talk about finances, you need to have a goal to invest.
Fatorda, Belagavi, Jaunpur, Mehsana, Dehradun are on RG's itinerary.
Tax sleuths have detected over Rs 52 crore of unexplained cash in jewellers' bank accounts
The CBI action comes after the second in command in the CBI, wrote to Cabinet Secretary alleging that the businessman had paid CBI Director Alok Verma Rs 2 crore to get relief in the case.
The Enforcement Directorate on Wednesday continued raids for the seventh day as it visited 17 locations across the country, including four shell companies in Mumbai, even as the Income Tax department attached assets worth Rs 145 crore in the alleged Rs 11,400-crore Punjab National Bank fraud.
'The entire system acted as cheerleaders to Vijay Mallya. The RBI failed, the banks failed, the auditors of the banks and Mallya failed.'
He is talking, making sense, and India is listening. Rahul Gandhi needs to listen to him, too, says Shekhar Gupta.
After taking over on Tuesday night, Rao overhauled the team probing allegations of corruption against Asthana, bringing in completely new faces, officials said.
Offenders will be tried under Prevention of Money Laundering Act
The results, while bringing the Congress back to power in this state, also end the rule of the 66-year-old BJP stalwart, who has earned several monikers during his 15-year-long tenure -- Doctor saheb being a trained Ayurvedic medical practitioner, chaur wale baba for his popular rice scheme and the 'Mobile Wale Baba' for giving free smartphones to 50 lakh women and students.
The Congress president alleged that the Bharatiya Janata Party deceived people and siphoned off hard-earned money of farmers, poor, small businessmen to fill the pockets of the country's 15-20 big industrialists.
Tamal Bandyopadhyay, columnist and author of several books like From Lehman to Demonetisation: A Decade of Disruptions and Sahara: The Untold Story, tells Rediff.com why Yes Bank depositors should not panic and the current crisis at India's fifth largest private lender does not pose any systemic risk.
Blind spots of the company were two-fold - managing cash flow and investments to upgrade technology and continue research and development.
Despite high exposure of public sector banks to power, iron and steel sectors, analysts remain in a wait-and-watch mode.
The Rajasthan government had, in January 2015, cancelled the mutations (transfer of land) of 374.44 hectares of land, after the land department claimed to have found that the allotments were made in the names of "illegal private persons".
Currently, most crowdfunding platforms neither operate with proper authorisation nor are governed under any law.
Investors in LIC's insurance and other schemes are receiving a lower rate of return because LIC is subsidising incompetence at best and malfeasance at worst in institutions such as IDBI Bank and IL&FS, says Jaimini Bhagwati.
'You had earlier sent a Prime Minister from Assam (referring to Manmohan Singh) whom people do not even remember now'
Modi said that these problems are 'deep-rooted' and must be addressed collectively for which he is open to suggestions.
'Some co-operative banks are dominated by politicians and were reportedly being used to launder Rs 500 and Rs 1,000 notes.'
