STATE RUN BANKS
Bengal govt to set up 'design bank' to revive silk sarees produced in the state
In order to popularise the silk products manufactured in the state, Mamata Banerjee has advised the weavers to bring about variations in designs so that they look more modern.
RBI investigating 'net banking' breakdown at HDFC Bank
Following the payday outage at the most valued lender in the country, several customer...
Sebi bans 3 persons from securities markets in front running case
Sebi's surveillance system had generated alerts for possible instances of f...
Maha govt suggests merger of troubled PMC Bank with MSC Bank
The PMC Bank has been put under restrictions by the RBI, after an alleged Rs 4,355 crore scam came to light following which the deposit withdrawal was initially capped at Rs 1,000, causing panic and distress among depositors. At least eight depositors, who had high quantum of money stuck with the bank, died in the last couple of months, including one who committed suicide.
Brokers advise clients to buy share of SBI ahead of credit card unit’s IPO
SBI shareholders likely to have better chance of getting allotment even if they hold one share.
RBI expects forensic audit report on PMC Bank by month-end
The multi-state co-operative bank has been under the RBI restriction since September 23, after it had found financial irregularities, including huge under-reporting of loans and non-performing assets to real estate developer HDIL to the tune of Rs 6,500 crore using hundreds of dummy accounts.
RBI's customer protection rules will benefit depositors
The complainants used two ATMs in this locality and were duped include customers of HDFC Bank and United Bank of India.
Expect rate cuts to continue once inflation comes down: PK Gupta, SBI
The banks have done most of the transmission and the remaining will happen in the coming months.
What ails state-run bus operators in India?
The crisis in Telangana is a reflection of the precarious position of state-run bus operators in India, which have seen their losses swell every passing year. This is particularly worrying since buses undergird India’s public transport system, and cash-starved state governments and municipal corporations have done little to shore up the transport corps.
Bombay High Court junks PMC Bank depositors' plea for lifting of restrictions
In their pleas, the petitioners alleged that the RBI's decision (to put restrictions on cash withdrawal) was irrational, arbitrary and violative of the fundamental rights of common public.
Share market update: Bank stocks mixed ahead of RBI's policy outcome; Yes Bank dips 1%
The Nifty Bank index was trading 0.21 per cent up at 32,047.10 .
Pak family-run UK company, Formations House, at centre of global investigation
Founded by Pakistani-origin businessman Nadeem Khan, Formations House emerged as a known destination for companies wishing to set up offshore entities and financial institutions. While Khan died in 2015, weeks before he was to stand atrial for money laundering in London, the company is being run by his daughter, Charlotte Pawar.
Indian government's loan bonanza seen a temporary salve and a long-term pain
Reviving a practice not used in three decades, India's government in September ordered state-run banks to hold more than 400 loan "melas" or fairs across the country over the following month - a measure aimed at boosting economic growth at six-year lows and lending growth at its weakest in three years.
Share market update: Bank shares gain; Bank of Baroda rises 1%
The Nifty Bank index was trading 0.29 per cent up at 31706.55 .
Share market update: Nifty Financial Services index up; REC rises 1%
The Nifty Financial Services index was trading 0.11 per cent up at 14,155.65.
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