Your browser does not support JavaScript or it may be disabled!
rediff.com
 India As It Happens
Rediff Labs will showcase innovative products that rediff is working on behind the scenes.
News   |   Images
NEWS ON MOBILE
Get Realtime News
on your webpage

About 290 results for "since corporation bank"

Do you know, Interest On EPF Is Taxable Even Post-Employment

Posted by Equitymaster Interest rates are on all fixed income instruments---bank and corporate fixed deposits, Non-Convertible Debentures (NCDs), and bonds ---are dropping. Ever since the Government decided to keep interest rates on Small Savings Schemes ... Equitymaster.com, 2 months ago
3 Reasons Why Some Banks Are Reducing Deposit Rates Equitymaster.com, 2 months ago
Rediff.com

Must Read: The Great Diamond Heist

'If there is any industry that is unfit for modern corporate form it is the diamond trade.''But no one was asking the right questions.''The music was playing and so the game was on,' says S Murlidharan, former managing director, BNP Paribas. The newspapers are full of stories of how billions vanished from the vaults of PNB. The carefully coiffed young ladies and gents of sundry financial television channels are frothily holding forth on this affair with more anger and indignation than facts ...
 Rediff.com13 hours ago
Business Standard

Essar Oil eyes loans from traders as banks fear Russian links

Kremlin-owned Rosneft has been under the US sanctions since Russia's annexation of Crimea in 2014 Reuters | London Last Updated at February 23, 2018 00:24 IST Essar wants to borrow the money for 3-4 years and repay it with cargoes of refined products as it ...
 Business Standard18 hours ago
Sify

Moody's places PNB under review for downgrade

Following the biggest scam in the countrys banking sector to the tune of Rs 11,340 crore at state-run Punjab National Bank (PNB), Moodys today placed the lender under review for downgrade. The agency has a Baa3/P-3 rating on the Delhi-based lender now while ...
 Deccan Herald3 days ago RBI's new reporting format, a naive intern, and the greedy officer: factors that lay bare the Rs 11400 crores scam  Sify6 days ago PNB sheds Rs 81 bn in market value in 2 days; stock falls 12% on Thursday  Business Standard1 week ago
Rediff.com

Nirav Modi scam: Moody's, Fitch warn PNB of downgrades

International rating agencies Moodys Investor Service and Fitch Ratings today warned the scam-hit Punjab National Bank (PNB) of rating downgrades, citing likely networth erosion and widening losses at the second largest state-run lender. The Rs 11,400-crore ...
 Deccan Herald3 days ago PNB on 'negative watch' with Fitch, on downgrade review with Moody's  Rediff.com3 days ago

Divergent views in Oppn on JPC probe in bank scams

Opposition parties on Wednesday were not on the same page over the constitution of a Joint Parliamentary Committee (JPC) probe into bank scams. The Left parties favoured a JPC probe while the Trinamool Congress said it is a worthless exercise due to past ...
 Deccan Herald2 days ago
Rediff.com

PNB fraud: How bank auditors failed to detect the scam

The problem here is that internal auditors are good at accounts, but they are not trained to track foreign exchange transactions Illustration: Dominic Xavier/Rediff.com Auditors are facing questions over how the fraud at Punjab National Bank (PNB) went on for six years and how they failed to detect it.   The process seems foolproof. A branch such as Mumbai’s Brady House, which is a corporate-focused one, is headed by a branch manager who holds the rank of an assistant general ...
 Rediff.com3 days ago

PNB branch briefly sealed, CBI questions top Nirav Modi official

The CBI on Monday briefly sealed the Brady House Branch of Punjab National Bank, the nerve centre of the Rs 11,344.40 crore bank fraud, as a security measure to prevent possible tampering even as investigators quizzed senior Nirav Modi staffer Vipul Ambani. A ...
 Deccan Herald4 days ago
Rediff.com

PNB fraud: 'Probability of bank scams is much higher in PSBs'

The RBI expects the assessment to show if the systemic failure was only in PNB or in the overall banking universe The government was at work on Sunday, watching every move the investigative agencies were taking in the Punjab National Bank scam.   Top officials of key economic ministries, Reserve Bank of India and Punjab National Bank, besides some other banks, have been on an alert 24X7 ever since the scam broke a few days ago, and holiday was the last thing on anybody’s mind on ...
 Rediff.com4 days ago
Rediff.com

Same old story? How banks ignored alerts

IMAGE: The Punjab National Bank branch where fraudulent transcations worth USD 1.77 bn were detected, in Mumbai. .Photograph: Shirish Shete/PTI Photo. Despite the rating agency CARE withdrawing the ratings assigned to the bank facilities of FIPL “with immediate effect”, Modi’s company received uninterrupted letters of undertaking from PNB, which were honoured by other banks until a few weeks ago.  Banks led by Punjab National Bank ignored crucial warnings by CARE Ratings ...
 Rediff.com1 week ago
Prev | Next
Personalize your Realtimeclose [x]
Add content to your personalized tab - My News
Add upto 6 topics of your interest:
for eg.2g Scam , World
1.
2.
3.
4.
5.
6.
Personalize the tabs display. ( You can add or remove the tabs )
AlertsGet updates on latest news & your favourite topics right in your inbox.Set an Alert|Manage your Alerts

Get

Realtime News

on your Webpage

Add Widget >Get your members hooked!
    
Alerts
Get updated on latest news & your favorite topics right in your inbox!
 
More     Less