PNB suffers Rs 145 bn loss due to fraud in FY18 so far: Govt     Thu, 22 Mar 2018 21:19:00 +0530

PNB has stated that it has adequate assets or capital to meet any liability which may crystallise on the bank

PNB issued over 41,000 LoUs since 2011; 1,590 of them to Nirav: FinMin     Thu, 22 Mar 2018 20:48:00 +0530

Following the scam, the Reserve Bank has stopped banks from issuing LoUs and Letters of Comfort for trade finance

PNB starts Mission Parivartan to curb repeat of another Nirav Modi scam     Thu, 22 Mar 2018 20:20:00 +0530

A new monitoring group will be set up to keep track of whether cash flow from projects is being used to repay bank loans and that there are no slippages, sources said

Litigation hurdles abound for RBI-recommended insolvency cases at NCLT     Thu, 22 Mar 2018 19:40:00 +0530

There have been a few strong bids for some of the biggest stressed assets: Bhushan Steel, Bhushan Power & Steel, and Electrosteel Steels

Alternative credit scoring partnerships help fintech companies lend better     Thu, 22 Mar 2018 15:46:00 +0530

Online lending marketplaces say their partnerships with credit information companies to offer free credit reports to customers makes their lending more efficient

India's retail banking now bigger than Russia's but not close to China's     Thu, 22 Mar 2018 15:35:00 +0530

With a loan book of $268 billion, India's retail banking is now ahead of Russia, Malaysia and Mexico but behind China, Brazil and Thailand

Despite record forex reserves, India's external finances at risk: UBS     Thu, 22 Mar 2018 10:13:00 +0530

The rupee is already among the worst performing currencies in Asia this year as foreigners pull money out of bonds and inflows into stocks slow

Honoured all Letters of Undertaking during 2011-16: PNB to Finance Ministry     Thu, 22 Mar 2018 02:36:00 +0530

The bank also issued 234 LoUs worth Rs 18.8 bn to another group of companies promoted by Mehul Choksi in 2015 and 2016

PNB blames concurrent auditor for not flagging off SWIFT transactions     Thu, 22 Mar 2018 00:09:00 +0530

Reconciliation of SWIFT messages with trade module of the core banking system was not followed and the concurrent auditor did not point out this irregularity, the lender said

With HDFC merger failing, Max Life wants to be a digital organisation     Wed, 21 Mar 2018 22:21:00 +0530

Max Life policies grew 18 per cent in 2018 after a growth of about 1.9 per cent in the preceding year

Govt sources refute Vinod Rai's claim, say FM met him on several occasions     Wed, 21 Mar 2018 21:22:00 +0530

On Monday, Rai had alleged communication breakdown between FinMin and BBB; FM likely to respond soon