bank fraud
General
Supreme Court agrees to $570 mn settlement by fugitive billionaire brothers
The Supreme Court has agreed to drop criminal charges against billionaire brothers Nitin and Chetan Sandesara if they pay a ......
Finance
Allahabad Bank reports $259 mn alleged fraud by Bhushan Power & Steel
India's Allahabad Bank on Saturday became the second Indian state-owned bank to report a major alleged fraud by bankrupt steelmaker ......
Finance
How the $2-bn PNB fraud choked credit supply to small businesses
When a $2 billion dollar fraud at state-run Punjab National Bank rocked India two months ago, Chetan Hemani and other ......
Finance
Punjab National Bank posts $2 bn loss for Jan-March on Nirav Modi scam
Punjab National Bank, the fourth-biggest Indian lender by assets, posted a $1.98 billion fourth-quarter net loss after being hit by ......
Finance
Govt seeks ouster of Allahabad Bank CEO, two PNB execs over Nirav Modi fraud case
India is taking steps to oust three bank executives, its banking secretary said on Monday, after police issued a list ......
Finance
Bidding war never good for the winner: Valuation guru Aswath Damodaran
India Inc has seen several bidding wars of late, as several potential buyers fight for companies in sectors such as ......
People
PNB fraud: India asks Hong Kong to arrest jeweller Nirav Modi
India has asked authorities in Hong Kong to arrest jeweller Nirav Modi, one of the main suspects in a $2-billion ......
General
India unwrapped: Poll dates leak, Air India sale takes off, Mallya getting hitched
India, it appears, is in the throes of a season of leaks. If l’affaire Cambridge Analytica caused more than a ......
Finance
From diamond merchants to fish farmers, why is defrauding Indian banks so easy?
Are Indian bankers sloppy? Are they corrupt? Or is it just dumb luck that India’s banking sector is in the ......
Finance
Andhra Bank shares slump to 15-year low on fraud probe
Shares in the state-run Andhra Bank, already hurt by an industry-wide spillover of a huge scam in another lender, fell ......
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