Mar 05, 2018 12:08 PM IST
Soon after Speaker Sumitra Mahajan made obituary references, members from the Congress, TRS and other parties as well as from the TDP trooped into the Well raising various issues.
- Mar 05, 2018 11:05 AM IST
PNB’s current and savings’ account (CASA) deposits stood at Rs 2.67 lakh crore.
- Mar 04, 2018 04:57 PM IST
Gitanjali Gems, Gilli India, Nakshatra Brands and Firestar Diamond are among the barred companies, while partnership firms include Solar Exports and Stellar Diamond.
- Mar 04, 2018 04:45 PM IST
A private sector banker closely associated with the activity echoed the same, saying lenders have taken a "cautious" approach in the aftermath of the largest financial fraud in the history of the nation.
- Mar 04, 2018 01:20 PM IST
Both houses of Parliament will meet after a month-long recess in the Budget Session, during which the passage of the Fugitive Economic Offenders Bill, which seeks confiscation of assets of absconding fraudsters and loan defaulters, and the triple talaq bill will be high on the government's agenda.
- Mar 04, 2018 09:20 AM IST
The court, set up under the Prevention of Money Laundering Act (PMLA), issued the NBWs on applications filed by the Enforcement Directorate (ED), one of the agencies probing the bank fraud cases registered last month.
- Feb 27, 2018 07:10 PM IST
Surjewala said Modi's silence itself "exposed" his stand on corruption. Claiming that scams involving Rs 31,691 crore had been "exposed" in the last 10 days, the Congress leader also cited the Rotomac case.
- Feb 27, 2018 04:28 PM IST
The spotlight has now shifted to the senior management of banks and as their owners, the government has informed that the Board must assign clear accountability to senior management for implementation and compliance
- Feb 27, 2018 08:04 AM IST
The latest announcement from the public sector lender assumes significance against the backdrop of the probe going on into the Rs 11,400 crore scam, which is already one of the biggest in the Indian banking sector.
- Feb 26, 2018 09:43 PM IST
The Enforcement Directorate to speak to present MD Sunil Mehta, who could not be present today due to prior engagements.
- Feb 24, 2018 02:56 PM IST
While the agency had earlier seized gems, diamonds, jewellery, shares, bank deposits and costly cars in this case since it registered a criminal case under PMLA on February 14, this is the first major action to seize immovable assets
- Feb 24, 2018 02:45 PM IST
On Friday, FICCI president Rashesh Shah said that he met the finance minister and asked him to begin the process of bank privatisation in a phased manner, leaving just 2-3 lenders in the public sector
- Feb 24, 2018 02:40 PM IST
Without naming either the alleged kingpin of the fraud, billionaire jeweller Nirav Modi, or PNB, he said it is "worrisome" that not a single red flag was raised when the fraud was perpetuated
- Feb 24, 2018 11:30 AM IST
She was asked to explain how much she had paid in cash and how much through cheque to purchase the valuables and jewellery from Modi's firms a few years back
- Feb 24, 2018 10:20 AM IST
After Choksi and Modi, Another diamond jewellery exporter booked for loan fraud
- Feb 24, 2018 09:28 AM IST
Ananthasubramanian, who is managing director and CEO of Allahabad Bank, said at her bank also, SWFIT is not linked to CBS and the process of linking both the systems is currently on
- Feb 22, 2018 07:40 PM IST
Pointing that Modi had described then Prime Minister Manmohan Singh as "maun (silent) Mohan Singh" in 2012 for his silence on various issues during the UPA regime, Yechury said now he (Narendra Modi) himself has become maunendra Modi".
- Feb 21, 2018 02:59 PM IST
Gandhi also labelled the prime minister's programme aired on All India Radio a monologue and said the country wants to hear him speak on billionaire diamond jeweller Nirav Modi and the Rafale "scam".
- Feb 20, 2018 08:11 AM IST
The two businessmen are the key suspects in one of the biggest scams in the banking industry, and multiple investigation agencies are probing the case.
- Feb 19, 2018 10:55 PM IST
Modi has also requested PNB to permit salaries for FIPL and FDIPL to be paid for the 2,200 employees from the balance lying in the current accounts
- Feb 19, 2018 09:11 AM IST
It is a messaging system, and does not hold money or manage accounts
- Feb 19, 2018 07:00 AM IST
This Nirav Modi-chase last week was a déjà vu, except for different names and faces such as Vijay Mallya and Jatin Mehta. Also, barring one, rest of the defaulters hail from gems and jewellery sector
- Feb 18, 2018 07:20 PM IST
UCO Bank, in a filing to the Bombay Stock Exchange late on Saturday, said its Hong Kong branch granted loans against letters of credit issued by PNB and was "fully confident" of receiving payment from PNB
- Feb 17, 2018 10:18 AM IST
There is a lot of room for correction and it this point the midcap space still seems to be overvalued, and we would not recommend touching this counter right now, Nikhil Kamath, Co-founder and Head of Trading, Zerodha, said in an exclusive interview with Moneycontrol’s Kshitij Anand.
- Feb 15, 2018 08:30 PM IST
In what could be the biggest banking fraud in India, state-owned PNB had yesterday said it detected a USD 1.77 billion