Icici Bank 1st to get Swift's new cross-border payment service

It was first time since the biggest scam in the nation's banking history in mid-February that the RBI has taken questions from the media

The Central Bureau of Investigation today arrested another senior executive of the Punjab National Bank and claimed to have recovered documents related to Letter of Undertaking from 'chawl' as it continued its searches in connection with the $2 billion fraud.Internal Chief Auditor (retd) Bishnubrata Mishra, who was responsible for concurrent audit for the period 2011-2015 at PNB Brady House branch, was arrested today, the agency said.Mishra was responsible for auditing the procedures and ...

IDFC Bank has received prior approval of National Stock Exchange of India (NSE) to the proposed amalgamation of Capital First, Capital First Home Finance and Capital First Securities with IDFC Bank, as per release.

On Monday the second part of the budget session of Parliament began with the Opposition hitting on Punjab National Bank (PNB) fraud. This season followed the Tripura and Nagaland win. Parliament had adjourned for a 23-day recess on February 9. After a ...

India has pressed the BRICS nations to set up an independent rating agency of the five-member group.The first meeting of the BRICS Finance Ministers and Central Bank Governors was held on the sidelines of the IMF/World Bank Spring Meetings ...

The central government in consultation with the Reserve Bank of India (RBI) on Monday deliberated over its borrowing programme for 2018-19 and finalised its borrowing calendar for the first half of 2018-19 (April-September).After making a careful assessment ...

Close on the heels of diamond merchant Nirav Modi defrauding Punjab National Bank by siphoning off thousands of crores of rupees, a consortium of banks led by State Bank of India has unearthed a scam to the tune of Rs 824.15 crore by Chennai-based Kanishk ...

MUMBAI/NEW DELHI: A Punjab National Bank (PNB) official received diamond gold jewellery from Nirav Modi, prime accused in the Rs 12600-crore Letters of Understanding (LoUs) scam, cops told a Mumbai court. The alleged fraud involves several bank officials, who ...

Mumbai: The Punjab National Bank has refused to provide any information pertaining to absconding scamster, diamantaire Nirav Modi, to queries sought under RTI, an activist said here on Tuesday. Anil Galgali said that he had sought specific RTI replies from ...