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About 45 results for "axis bank limited"

Stocks fall for 3rd day; Sensex drops 150 points
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Stocks fall for 3rd day; Sensex drops 150 points

Banking stocks led by Yes Bank, ICICI Bank, Axis Bank and SBI came under heavy selling pressure The BSE Sensex dropped by 150 points to close at 33,685.54 in a volatile trade, extending losses for a third day as banking, FMCG and IT shares fell amid fresh LoU fraud scare.   Banking stocks led by Yes Bank, ICICI Bank, Axis Bank and SBI came under heavy selling pressure after the CBI registered a fresh case relating to "fraudulent" issuance of Rs 9 crore of LoUs to Chandri Papers and ... Rediff.com, 1 month ago
Sify

CBI arrests 3 company directors in Rs 2654 crore bank fraud case

New Delhi/Ahmedabad: The CBI has arrested three promoter-directors of a Vadodara-based company in connection with its ongoing investigation into a case of Rs 2,654.40 crore fraud committed on a consortium of banks, officials said on Wednesday. A Central ...
 Sify4 days ago CBI books Vadodara firm for Rs 2654-crore bank fraud, raids premises  Deccan Herald2 weeks ago
Rediff.com

Why insurance firms are renegotiating rates for bank directors' indemnity

Market leaders in this line of business - New India Assurance and Tata AIG - have begun to reassess the premium on risk exposure of their portfolio in the director’s and officer’s liability business. Illustration: Uttam Ghosh/Rediff.com Insurance companies that sell liability insurance have begun to reprice the costs of cover they offer to directors on bank boards.   Market leaders in this line of business - New India Assurance and Tata AIG - have begun to reassess the premium ...
 Rediff.com6 days ago
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IT, bank stocks lift Sensex, Nifty

Mumbai: Extending gains for the sixth consecutive session, the key Indian equity indices on Thursday closed with appreciable gains riding on healthy buying in IT, Teck (technology, media and entertainment) and banking stocks. However, selling pressure in ...
 Sify1 week ago Market Review: Equities extend gains on healthy macro-data, global cues  Sify1 week ago $ 1.8 billion PNB fraud, macro-data hit equities' movement  Sify2 months ago
Rediff.com

Bonus payment for pvt bank bosses yet to get RBI nod

Generally, the central bank grants its approval by mid-March, or latest by March 31, but most banks have not received RBI approval on bonus packages this year. Illustration: Uttam Ghosh/Rediff.com The Reserve Bank of India (RBI) has started cracking down on bonuses to top executives at private sector banks.   According to sources familiar with the matter, the central bank is yet to grant its approval for bonuses to senior executives in private banks for 2016-17, even as the financial year ...
 Rediff.com2 weeks ago Bank stocks rally after Bank of India recovers bad loans worth Rs 7000 crore  Sify1 month ago Airtel Payment bank slapped of Rs 5 crore penalty by RBI  catchnews.com1 month ago RBI imposes Rs 5 cr penalty on Airtel Payments Bank  catchnews.com1 month ago

Bandhan Bank's IPO oversubscribed by 14.63 times

Kolkata: The initial public offer (IPO) of Bandhan Bank has been oversubscribed 14.63 times on the closing day of bidding on Monday. The Rs 4,473 crore IPO received bids for over 122.16 crore equity shares against the offer size of over 8.34 crore shares. The ...
 Sify1 month ago
Sify

PNB scam fallout: 107 firms, 7 Limited Liability Partnerships under Serious Fraud Investigation Office's scanner

New Delhi: The government has told the Serious Fraud Investigation Office (SFIO) to investigate 107 companies and seven limited liability partnerships (LLP) as part of the probe into the multi-crore fraud at the Punjab National Bank (PNB), the Lok Sabha was ...
 Sify1 month ago
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SFIO summons ICICI Bank's Chanda Kochhar; Stock recovers after slight setback

The injury caused by a few unscrupulous employees, who favoured some big names in the jewellery industry by issuing fraudulent Letters of Undertaking (LoUs), pushed Punjab National Bank deep down in the red, and the wound is now spreading swiftly to several ...
 Sify1 month ago
Rediff.com

PNB fraud put at close to USD 2 billion

Punjab National Bank (PNB) has said that the alleged fraud perpetrated by jewellers Nirav Modi and Mehul Choksi may be around USD 2 billion, over USD 204 million more than previously estimated. In a late night filing to stock exchanges, the state-owned lender ...
 Deccan Herald1 month ago PNB fraud is now pegged at Rs 12,717 crore  Rediff.com1 month ago
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PNB fraud favouring Nirav Modi started in 2008, arrested bank officials tell CBI

New Delhi: The practice of illegally issuing Letters of Understanding (LoUs) and Foreign Letter of Credits (FLCs) and then rolling them over to favour Nirav Modi and Mehul Choksi groups started in 2008 and continued till these were discovered in January this ...
 Sify1 month ago
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