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A USD 2 billion fraud at Indias Punjab National Bank (PNB) may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, the banks own internal probe has found.

PNB posts Rs 4, 532 crore loss in Sept quarter as bad loans soar

The bank's gross non-performing assets as a proportion of gross advances rose sharply to 17.16 per cent.

2 Nov 2018 1:24 PM IST

PNB customers will have to shell out money beginning October if they carry out more than five transactions a month from the banks ATMs.

PNB expects resolution of 4-5 large NPA accounts bilaterally

Out of 28 identified cases, Punjab National Bank has exposure in 20 accounts.

2 Jan 2018 4:18 PM IST

ASSOCHAM, cautioned that extreme care needs to be taken to ensure safety of data trail that the cryptocurrency can leave, as it changes hands through a range of electronic devices and platforms.

ASSOCHAM calls for urgent fixing of twin balance sheet problem

The Rs 2 lakh crore capial infusion, as announced by the government must be speeded up.

30 April 2018 9:12 AM IST

Bandhan Bank plans to open another 60 branches over the next six months, said MD and CEO Chandra Shekhar Ghosh. Photo: Bandhan Bank website.

Bandhan Bank posts 20 per cent rise in Q4 profit at Rs 388 crore

Bank had registered a net profit of Rs 322 crore in the January-March quarter of 2016-17 fiscal.

27 April 2018 2:10 PM IST

Mittal also made a strong case for reducing interest rates by 100 basis points or 1 per cent to help the industry.

Allow promoters to bid under IBC if not willful defaulters: CII

Non-performing assets in the banking sector were over Rs 8.31 lakh crore at the end of December 2017.

26 April 2018 3:09 PM IST

Domestic investors were reluctant to expand their portfolios ahead of the RBIs monetary policy review, brokers said.

Infra lending may take a back seat as RBI refuses to budge on new NPA...

Banks requested the RBI to make the required majority to 75 per cent for any such plan.

23 April 2018 2:00 PM IST

The survey said the problem has continued to fester as Non-Performing Assets (NPAs) of the banking system (especially public sector banks) keep increasing, while credit and investment keep falling.

NPA resolution may get 180 days more

Poor valuations, over-burdened NCLT may prod govt to relax time limit.

17 April 2018 8:41 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

NPA maze: Govt for scrapping of one-day default norm

Govt as well as banks feel one-day delay norm could harm businesses and lead to making loans below Rs 2,000 cr.

16 April 2018 8:53 AM IST

A parliamentary panel will grill finance ministry officials on April 17 amid rising NPAs, incidents of fraud and governance lapses in the banking sector.

Par Panel to quiz FinMin officials on April 17 on bank NPAs

A parliamentary panel will grill finance ministry officials on April 17 amid rising NPAs.

12 April 2018 7:26 PM IST

RBI governor Urjit Patel

Banks' joust with RBI on new NPA framework reaches House panel

New guidelines also disrupt many other resolutions process of bad loans.

11 April 2018 10:42 AM IST

Secretary of Department of Financial Services Rajiv Kumar. (Photo: Twitter)

Govt cleaning up banking sector, says DFS secretary

Banks have also raised more than Rs 10,000 crore so far and will raise more in the coming months from the market.

11 April 2018 9:13 AM IST

The government last year relaxed FDI norms in over a dozen sectors

Plans of FDI hike in PSBs on hold now

Government considering raising the FDI limit to 49 per cent for some time now.

11 April 2018 9:01 AM IST