"These searches are part of a special drive to book fraudsters on the complaints received from different nationalised banks in India. The complainant banks include Indian Overseas Bank, Union Bank of India, Bank of Baroda, Pu
"This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers," the central bank said, without of
The Budget announcement had come after Punjab and Maharashtra Co-operative Bank faced a grave fraud, with customers demanding their entire money back. Subsequently, Yes Bank, too, faced a crisis and restrictions were imposed
Banks typically make two categories of write-offs. A technical write-off is made when the bank removes an account from the NPA category even as it continues to make efforts to recover the amount involved. The other kind is wh
State Bank of India (SBI) share price hit a fresh 52-week high of Rs 408.35 apiece on BSE on Friday, after it posted better-than-expected October-December quarter results, along with healthy asset-quality performance
BSE Sensex and Nifty 50 are expected to open in the positive territory on Wednesday, as suggested by trends in SGX Nifty. Nifty futures were trading 40.50 points or 0.28 per cent up at 14,641 on Singaporean Exchange.
With the intermediate uptrend still intact, we expect the recent correction to be more of a short term nature and may have possibly bottomed out with the strong price action seen in the last two sessions.
Mallya, meanwhile, remains on bail as the UK Home Office deals with a "confidential" legal issue before UK Home Secretary Priti Patel can sign off on his extradition sought by the Indian government, on charges of fraud and mo