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Punjab National Bank Fraud

The hot news for the day is one of the biggest ever frauds in Punjab National Bank, to the tune of Rs. 114 billion.  Alarming things to watch: Bank has named Jewellers Nirav Modi and Gitanjali Gems’ Mehul Choksi as people involved. Mistake by overlooking the Core Banking system, in issuing the unauthorized fraudulent guarantees.

Punjab National Bank Fraud

The hot news for the day is one of the biggest ever frauds in Punjab National Bank, to the tune of Rs. 114 billion.  Alarming things to watch: Bank has named Jewellers Nirav Modi and Gitanjali Gems’ Mehul Choksi as people involved. Mistake by overlooking the Core Banking system, in issuing the unauthorized fraudulent guarantees.

Bank of Baroda’s South African Misadventure

A Hindustan Times,  investigation reveals how a series of mistakes by Bob’s understaffed operations in South Africa has tarnished the reputation of India’s second largest bank, and exposed it to potentially damaging audits across multiple jurisdictions.   MUMBAI: In June 2017, an anodyne footnote to the Bank of Baroda’s (BOB) quarterly results mentioned a fine

Bank of Baroda’s South African Misadventure

A Hindustan Times,  investigation reveals how a series of mistakes by Bob’s understaffed operations in South Africa has tarnished the reputation of India’s second largest bank, and exposed it to potentially damaging audits across multiple jurisdictions.   MUMBAI: In June 2017, an anodyne footnote to the Bank of Baroda’s (BOB) quarterly results mentioned a fine

The Mighty Digital World

All said and done the Government has fallen short of its ambitious target of 25 billion digital transactions for this financial year, but it cannot be denied that the efforts to increase the Digital Transactions has not gone waste.  What does the Statistics reveal? The total digital transactions undertaken across India from April 1 to

The Mighty Digital World

All said and done the Government has fallen short of its ambitious target of 25 billion digital transactions for this financial year, but it cannot be denied that the efforts to increase the Digital Transactions has not gone waste.  What does the Statistics reveal? The total digital transactions undertaken across India from April 1 to

Lock In Period On Sale Of Stressed Assets

There is another interesting factor that has come out about Stressed Assets.  Those of the bidders who are going for assets of companies which are under the process of insolvency proceedings would now be subjected to a five year lock in period for sale of the shares acquired.  This would avoid the shares being sold

Lock In Period On Sale Of Stressed Assets

There is another interesting factor that has come out about Stressed Assets.  Those of the bidders who are going for assets of companies which are under the process of insolvency proceedings would now be subjected to a five year lock in period for sale of the shares acquired.  This would avoid the shares being sold

Illegal Transfer Of 100 Crores

CBI Probes on Rs 100 cr transferred from Jharkhand government account to builder The CBI has registered a case in connection with the illegal transfer of Rs 100 crore from a Jharkhand government account for the midday meal programme in State Bank of India to a private builder.   The agency carried out searches at the

Illegal Transfer Of 100 Crores

CBI Probes on Rs 100 cr transferred from Jharkhand government account to builder The CBI has registered a case in connection with the illegal transfer of Rs 100 crore from a Jharkhand government account for the midday meal programme in State Bank of India to a private builder.   The agency carried out searches at the

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