Reserve Bank of India (RBI) data accessed by FE for the nine months to March showed lenders suspect possible fraud for exposures to the tune of R8,587 crore.(Reuters) Loans totalling some R8,500 crore have been red-flagged by banks on the grounds ... Financial Express, 6 days ago
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MUMBAI: IDBI Bank has put on the block trademarks of newspapers Deccan Chronicle, Andhra Bhoomi, The Asian Age and Financial Chronicle. The trademarks are owned by Deccan Chronicle Holdings (DCHL), which has been declared a wilful defaulter by a ...Times of India, 2 weeks ago
The government started consultations to further liberalize foreign direct investment rules, according to the report Global equities trade lower Asian markets opened lower . According to Reuters , concerns about UK referendum (Brexit) on European ...Livemint.com, 2 weeks ago Opening Bell: Asian markets open lower; RIL, ONGC, HCL Technologies in news [Mint, New Delhi] Bloomberg, 2 weeks ago
Birds rest on the logo of the Securities and Exchange Board of India (SEBI), India's market regulator, installed on the facade of its head office building in Mumbai Cracking a whip on the perpetrators of illegal money collection schemes,Securities ...Smart Investor, 1 month ago
Kings XI Punjab co-owner Preity Zinta and its coach Sanjay Bangar have denied that the former recently gave Bangar a dressing down after a defeat. But tongues are still wagging. And it does not help that in the past some owners have interfered in ...Economic Times, 1 month ago
Here are some of the more recent instances of bank fraud that have come to light Mumbai: Bengaluru-based Syndicate Bank recently fell victim to a large-scale fraud across three of its branches in the Jaipur region, where a handful of businessmen and ...Livemint.com, 1 month ago
Here's the billion dollar question. Why do super rich Indians not pay back the money they owe to banks and investors even risking ill-repute, and chances of imprisonment? The two recent examples are that of Sahara's Subrata Roy who has been in ...Firstpost.com, 1 month ago
On Tuesday, the government informed in Parliament that the total number of wilful defaulters of Public Sector Banks (PSBs) escalated from 5,554 to 7,686 for the period December '12-December '15 with the amount involved more than doubling to Rs ...Firstpost.com, 1 month ago Rs 66,000 crore question: Why are banks slow to deal with wilful defaulters? Firstpost.com, 1 month ago
The crisis in Indian banking has now reached a point where the NPAs of many public-sector banks are higher than their net worth If the unpaid loans made by India’s public-sector banks were recovered, they would be enough to pay for India’s 2015 spending on defence, education, highways, and health, according to an IndiaSpend analysis. These bad loans, or gross non-performing assets (NPAs) as they are called in banking parlance, of public-sector banks crossed Rs 4.04 lakh crore ($59 ...Rediff.com, 1 month ago
The Rs 9,000 crore Kingfisher-Vijay Mallya saga is a tough riddle to solve for 17 large banks (that lent money to the airline), the investigating agencies and the Narendra Modi-government, especially given that the return of liquor-baron to the ...Firstpost.com, 2 months ago Not only Mallya, over 5000 'wilful defaulters' together owe Rs 56,521 crore to banks India Today, 2 months ago Why the Kingfisher-Vijay Mallya episode isn't the end of Indian banks nightmares Firstpost.com, 2 months ago
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