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Punjab and Maharashtra Co-operative Bank

Fraud-hit PMC Bank reaches out to major lenders for merger

Finance

Fraud-hit PMC Bank reaches out to major lenders for merger

India's fraud-hit PMC Bank has approached other banks over a possible merger even as its efforts...

Financial system stable despite weakening economic growth, says RBI

Finance

Financial system stable despite weakening economic growth, says RBI

India's financial system remains stable even after economic growth plummeted to a six-year low, ...

RBI sees corporate governance ‘fault lines' at some lenders

Finance

RBI sees corporate governance ‘fault lines' at some lenders

Growing problems of corporate governance are emerging at India's private banks and all lenders ...

CBI registers 42 new bank fraud cases totalling $1 bn

Finance

CBI registers 42 new bank fraud cases totalling $1 bn

India’s federal police said on Tuesday that they had registered 42 new cases of bank fraud ...

Mumbai court jails former MD of PMC Bank as fraud probe deepens

Finance

Mumbai court jails former MD of PMC Bank as fraud probe deepens

An Indian court on Thursday sent the former managing director of Punjab and Maharashtra Co-operative...

Govt weighs stricter laws to curb frauds in co-operative banks

Finance

Govt weighs stricter laws to curb frauds in co-operative banks

The India government is considering amending laws to curb malpractices at co-operative banks in Asia...

HDIL chairman Rakesh Wadhawan, son arrested in PMC Bank scam

Finance

HDIL chairman Rakesh Wadhawan, son arrested in PMC Bank scam

India arrested the head of a bankrupt realty company on Thursday after lender Punjab and Maharashtra...

Sensex slides as banking, realty stocks hammered

Markets

Sensex slides as banking, realty stocks hammered

Indian shares fell 1% on Tuesday, as investors fretted about the exposure of major banks to the ...

Police probe management of Punjab and Maharashtra Co-operative Bank

Finance

Police probe management of Punjab and Maharashtra Co-operative Bank

Indian officials registered a police complaint against the senior management of Punjab and ...

Sensex, Nifty slip as banks lose ground; Indiabulls dives 34%

Markets

Sensex, Nifty slip as banks lose ground; Indiabulls dives 34%

Indian stock indexes fell on Monday following a raft of negative news in the banking and real estate...