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PSU banks lost Rs 227 bn to frauds in 5 years
Over 25,600 cases of banking fraud reported up to December 21, 2017, says Minister RS Prasad. Illustration: Dominic Xavier/Rediff.com. Public sector banks lost a total of Rs 227.43 billion......
Banks reject Mallya's proposal to pay back Rs 4,000 crore
Indian banks on Thursday rejected the loan repayment offer made by Vijay Mallya. A consortium of banks led by State Bank of India on Thursday rejected the proposal in the current form offered by......
5,275 wilful defaulters (+ Mallya) owe banks Rs 56,621 crore
India’s five leading wilful defaulters are Winsome Diamonds & Jewellery Ltd and associate Forever Precious Jewellery & Diamonds, Zoom Developers, Kingfisher Airlines, Beta Naphthol and Raza......
Sensex falls 362 points to end at 23,191
In the Nifty pack SBI was the top loser down nearly 7% while Bank of Baroda ended 6% lower. Markets ended lower amid profit taking in late trades with PSU bank shares leading the decline after......
Why investors are in a hurry to dump FMCG stocks
Softening rural consumption and the likelihood of weak corporate earnings in the March quarter saw investors dump stocks from the fast moving consumer goods (FMCG) sector. On the BSE exchange, the......
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