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ICICI receives complaints about 31 loan accounts from anonymous complainant

The statutory auditors were provided periodic updates and their inputs were factored into the enquiry process.

Govt appoints Arijit Basu as SBI MD after Rajnish Kumar's elevation

Government has appointed deputy managing director Basu as managing director with effect from the date of taking over charge till his superannuation in October 2020

Arrest of BoM brass: Bankers on the warpath, may meet govt on witch-hunt

Sources said bankers held discussions with Devendra Fadnavis late Friday night about the arrest of BoM executives

Govt likely to sell a significant portion of its stake in IDBI Bank to LIC

The insurance regulator may take up the matter during its June 29 board meeting

ICICI Bank gets fresh whistleblower complaint on 31 loan accounts

The bank said that based on its investigations before the closure of accounts for the fiscal 2017-18, the claims have not been proven

Eating out and salon treatments: It's a policy dilemma for RBI

The surge in expenditure is pushing core inflation higher and could keep overall consumer price inflation well above the Reserve Bank of India's (RBI's) 4.7 per cent target by March 2019

Crisis of confidence in banking provides an opportunity to unleash reforms

The government's response to the issue of bad loans has been to bail out the errant banks with taxpayer's money

Bank of Maharashtra shareholders stand by CEO; shares slide 2%

Of total scam amount, deposit and loan fraud is to tune of Rs 10.83 bn banking and non-financial institutions-related fraud of Rs 7.11 bn debentures fraud of Rs 1.11 bn.

Feb 12 circular gives space for NPA resolution, RBI tells Finance ministry

The RBI made its stand clear at a stakeholders' meeting, called by the ministry to discuss the circular, the implementation of which was stayed for the power sector by Allahabad High Court

ICICI Bank may ask independent directors to chair board meetings

The bank has government nominee Lok Ranjan on the board, who has not attended a single meeting since his appointment in April

DSK group fraud: BoM shareholders repose faith in bank management

Of total scam amount, deposit and loan fraud is to tune of Rs 10.83 bn banking and non-financial institutions-related fraud of Rs 7.11 bn debentures fraud of Rs 1.11 bn.

BoB moves agricultural, digital banking and HR functions to Baroda

Forges alliance with IBM, Accenture for IT, data analytics

RBI moots legal entity identifier for bond, money markets by October end

RBI in its draft plan has said participants, other than individuals, undertaking transactions in the markets it regulates shall obtain LEI codes as in the schedule

CBDT proposes clear-cut timelines under transfer pricing

the department, through a draft notification, suggested that the amount should be returned within 90 days of signing of APAs and MAPs.

UBI expects recovery of Rs 40 bn from settlements under NCLT by 2018-19

The bank has also requested the RBI to relax norms on risk-weighted assets, so that it can expand its lending book

B Sriram of SBI appointed MD & CEO of IDBI Bank

Sriram has been working as the MD (Corporate and Global Banking) in SBI since July 2014

Critical lapses, blatant violations led to Nirav Modi fraud: PNB report

The report said that it is «incomprehensible» that branch staff did not notice the fraud being committed

RuPay takes small finance bank route for network expansion

Promoting digital adoption among low income, rural clients through incentives

ICICI Bank: Chanda Kochhar is no longer the boss and won't be missed

The ideal outcome for investors would no doubt have been for Bakhshi to be named CEO. But then, the board has to think about its own interests

RBI may raise rates again by year-end but August hike still in play: Poll

In a poll ahead of the central bank's June meeting the median consensus had shown no hike until August

Mirror, Mirror, Who's the Real ICICI Bank Boss?

The ideal outcome for investors would no doubt have been for Bakhshi to be named CEO. But then, the board has to think about its own interests

Root cause of India's banking crisis: A non-existent corporate bond market

Both banks and India Inc have incentives to stop the creation of a bond market

Low profits, high NPAs: Task cut out for Sandeep Bakhshi as ICICI Bank COO

In addition, he will have to move swiftly to control any damage that may have been caused to the bank's image and investor confidence due to the loan controversy

ICICI Prudential Life's board appoints NS Kannan as MD and CEO

Prior to being CFO of ICICI Bank, he served as ED of the life insurer

Many companies may not get credit from PSBs in FY19: India Ratings report

Government's substantial cash infusion of Rs 1.53 trn into state-run banks in FY19 would be adequate to cover credit costs emanating from stressed assets

ICICI Bank board appoints Sandeep Bakhshi as whole time director, COO

Chanda Kochhar will be on leave till completion of the enquiry. However, she will continue to remain the CEO and MD of the bank

Depositories share companies' information with exchanges on FDI limits

As per the separate notices issued by the two bourses, a red flag has been activated in HDFC Bank, Wonderla Holidays, IndusInd Bank, Ashapura Minechem, Cyient Ltd and S H Kelkar and Company

Wilful defaults by PNB's big borrowers rise by 2% in May to Rs 154.90 bn

PNB suffered a standalone net loss of Rs 122.82 billion in 2017-18, as against a profit of Rs 13.24 billion in 2016-17

Banks Board Bureau recommends 22 names for EDs post in Public Sector Banks

MD&CEOs selection process underway

United Bank of India bets on resolution of 30 accounts referred to NCLT

UBI has experienced deterioration in its asset quality in the March quarter of FY18

Piyush Goyal to meet chief executives of six PSBs to discuss bad loans

Nineteen out of 21 PSBs had reported net losses and a sharp rise in bad loans in 2017-18

IDBI Bank scouts for transaction advisor to sell stake in AMC arm

Shares in insurance venture likely to be offloaded by September

SBI General to launch 'inherent defects' policy for real estate developers

SBI-General will launch 5-year inherent defects product in next six to eight weeks and has received the IRDAI approval

Reserve Bank of India relaxes norms for FPI investment in bonds

FPIs had lobbied with the RBI and finance ministry, as well as the Securities and Exchange Board of India (Sebi), that a huge lot of NCD issuance was stuck because of RBI rules

Fitch downgrades ICICI Bank, revises Axis Bank rating to negative

Axis Bank's capital buffers are less comfortable for its current rating despite raising of fresh capital

ICICI Bank-Videocon case: Auditors and lawyers to help Srikrishna probe

ICICI Bank's audit committee, led by board member Uday Chitale, would assist the independent probe

Foreign exchange reserves rise by $879.5 million to $413 billion: RBI

The country's reserve position with the IMF also increased by $2.3 million to $2.029 billion, the apex bank said.

HSBC's lending push faces entrenched local rivals and past mistakes in US

HSBC's underperformance in the US, where it is a relative minnow in contrast to its strong position in Europe and Asia, is partly a legacy of its disastrous foray into subprime lending in the country

Higher crude, interest rate may cap GDP at 7.5%, says Japan's Nomura

It can be noted that there was a dip in the growth in the first half of the previous fiscal, which was attributed by analysts to GST implementation and the waning effects of demonetisation.
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