Latest News on Banks

'Banks' - 15 Total Results

Central Vigilance Commission

CVC awaits sanction to prosecute 83 corrupt employees; 17 from Ministry of Personnel, 2...

The Central Vigilance Commission (CVC) is awaiting sanction from different wings of the government to organisations to prosecute 83 government employees, including senior civil...
The SC bench of Justices L Nageswara Rao and MR Shah criticised the RBI’s new disclosure policy and said it must reveal information sought under the RTI/Photo: Anil Shakya

RBI: Under the Hammer

Above: The SC bench of Justices L Nageswara Rao and MR Shah criticised the RBI’s new disclosure policy and said it must reveal information...
Jet Airways, India’s second largest carrier, has piled up debts of over Rs 8,500 crore/Photo: UNI

A Swap with No Magic

Above: Jet Airways, India’s second largest carrier, has piled up debts of over Rs 8,500 crore/Photo: UNI The move by banks to take over...
Union finance minister Arun Jaitley

Bank Merger: What a Terrible Idea, Sirji!

The ill-timed merger of three troubled PSU banks—Vijaya Bank, Dena Bank and Bank of Baroda—reveals the patchwork policies of the government, resulting in massive...
Despite government assurance that NPAs can be recovered, at least 70 percent remain beyond reach, even with legal options available to the banks

Bumbling Banks

Above: A Punjab National Bank branch in Delhi/Photo: Anil Shakya Despite government assurance that NPAs can be recovered, at least 70 percent remain beyond reach,...
Even as another multi-billion dollar shady deal within the Indian banking sector comes to light through the Rs 11,292 crore ($1.8 billion) scam by diamond merchant Nirav Modi, political parties have started the blame game

Nirav Modi’s $1.8 bn scam will leave the banking sector in disarray

Above: Nirav Modi/Photo Courtesy: Facebook  Even as another multi-billion dollar shady deal within the Indian banking sector comes to light through the Rs 11,292...
Can the common man no longer expect a secure future?

The Great Bank Loot

Above: Can the common man no longer expect a secure future? The Financial Resolution and Deposit Insurance Bill 2017, cleared by the cabinet and before...
Activists of Adivasi Jan Parishad agitate on the land acquisition issue in Ranchi. Mining projects are often at variance with their livelihood. Photo: UNI

Non-Performing Assets: Money Down the Drain

Indian banks are saddled with bad loans of over Rs 9.64 lakh crore. Could these have been avoided if due diligence of environmental and...
Picture: Vijay Mallya. UNI

Mallya arrested in London, gets bail too

Liquor baron to pay for massive defalcation, but what about the banks who loaned him the money? ~By Sujit Bhar Karma catches up with you sooner...
People queue up to exchange or deposit old notes outside a bank in Mumbai. Photo: UNI

Banks: Short-changing Customers

These institutions must respect the rights of customers and not rip them off, say depositors, former bankers and activists. It is high time the...
Picture Credit: Anil Shakya

Banking system responsible for NPAs

The recent India Legal show telecast on APN News took up the issue of Non-performing Assets which have eaten into the vitals of India’s...
Waiting for hours in queues to get Rs 2,000, only to return empty-handed on many occasions, added to the frustration of people. Photo: Anil Shakya

Demonetization: The Plot Unravels

From fighting black money to leading the nation into a cashless era, the government’s demonetization drive has taken a sharp turn, plunging the nation...

If I am to be arrested upon arrival, I am not coming: defiant Mallya...

“If I am to be arrested upon my arrival, I am not going to come,” a defiant Vijay Mallya told the Supreme Court through...

SC to hear banks’ plea on preventing Vijay Mallya from going abroad, Wednesday

The Supreme Court will hear the plea moved by a consortium of PSU banks including State Bank of India, appealing to prevent Vijay Mallya...

Where’s the Money, Honey?

Do banks have enough capital to lend in case India witnesses an economic recovery later this year? The answer is a clear no as...

'Banks' - 15 News Results

Central Vigilance Commission

CVC awaits sanction to prosecute 83 corrupt employees; 17 from Ministry of Personnel, 2...

The Central Vigilance Commission (CVC) is awaiting sanction from different wings of the government to organisations to prosecute 83 government employees, including senior civil...
The SC bench of Justices L Nageswara Rao and MR Shah criticised the RBI’s new disclosure policy and said it must reveal information sought under the RTI/Photo: Anil Shakya

RBI: Under the Hammer

Above: The SC bench of Justices L Nageswara Rao and MR Shah criticised the RBI’s new disclosure policy and said it must reveal information...
Jet Airways, India’s second largest carrier, has piled up debts of over Rs 8,500 crore/Photo: UNI

A Swap with No Magic

Above: Jet Airways, India’s second largest carrier, has piled up debts of over Rs 8,500 crore/Photo: UNI The move by banks to take over...
Union finance minister Arun Jaitley

Bank Merger: What a Terrible Idea, Sirji!

The ill-timed merger of three troubled PSU banks—Vijaya Bank, Dena Bank and Bank of Baroda—reveals the patchwork policies of the government, resulting in massive...
Despite government assurance that NPAs can be recovered, at least 70 percent remain beyond reach, even with legal options available to the banks

Bumbling Banks

Above: A Punjab National Bank branch in Delhi/Photo: Anil Shakya Despite government assurance that NPAs can be recovered, at least 70 percent remain beyond reach,...
Even as another multi-billion dollar shady deal within the Indian banking sector comes to light through the Rs 11,292 crore ($1.8 billion) scam by diamond merchant Nirav Modi, political parties have started the blame game

Nirav Modi’s $1.8 bn scam will leave the banking sector in disarray

Above: Nirav Modi/Photo Courtesy: Facebook  Even as another multi-billion dollar shady deal within the Indian banking sector comes to light through the Rs 11,292...
Can the common man no longer expect a secure future?

The Great Bank Loot

Above: Can the common man no longer expect a secure future? The Financial Resolution and Deposit Insurance Bill 2017, cleared by the cabinet and before...
Activists of Adivasi Jan Parishad agitate on the land acquisition issue in Ranchi. Mining projects are often at variance with their livelihood. Photo: UNI

Non-Performing Assets: Money Down the Drain

Indian banks are saddled with bad loans of over Rs 9.64 lakh crore. Could these have been avoided if due diligence of environmental and...
Picture: Vijay Mallya. UNI

Mallya arrested in London, gets bail too

Liquor baron to pay for massive defalcation, but what about the banks who loaned him the money? ~By Sujit Bhar Karma catches up with you sooner...
People queue up to exchange or deposit old notes outside a bank in Mumbai. Photo: UNI

Banks: Short-changing Customers

These institutions must respect the rights of customers and not rip them off, say depositors, former bankers and activists. It is high time the...
Picture Credit: Anil Shakya

Banking system responsible for NPAs

The recent India Legal show telecast on APN News took up the issue of Non-performing Assets which have eaten into the vitals of India’s...
Waiting for hours in queues to get Rs 2,000, only to return empty-handed on many occasions, added to the frustration of people. Photo: Anil Shakya

Demonetization: The Plot Unravels

From fighting black money to leading the nation into a cashless era, the government’s demonetization drive has taken a sharp turn, plunging the nation...

If I am to be arrested upon arrival, I am not coming: defiant Mallya...

“If I am to be arrested upon my arrival, I am not going to come,” a defiant Vijay Mallya told the Supreme Court through...

SC to hear banks’ plea on preventing Vijay Mallya from going abroad, Wednesday

The Supreme Court will hear the plea moved by a consortium of PSU banks including State Bank of India, appealing to prevent Vijay Mallya...

Where’s the Money, Honey?

Do banks have enough capital to lend in case India witnesses an economic recovery later this year? The answer is a clear no as...

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