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Latest Articles in Banking Finance

A New Bank Fraud: After PNB, City Union Bank Hit By Fraud

Days after the Rs 11,400 crore fraud at PNB shook the country, private sector City Union Bank today said it suffered three fraudulent remittances of nearly USD 2 million (about Rs 12.8 crore).

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Nirav Modi Scam: A Sequel To Regulatory Bodies’ Role?

Has Nirav Modi been rewarded with over Rs. 11000 crore scam for his role to constitute management of banks by proxy? If the arbitrary constitution of top management of Punjab National Bank and Bank of India in the recent past is a yardstick to gauge factors behind the scam, the answer will be in affirmative.

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PNB Fraud: ED Continues Raids, Seizure Value Rises To Rs 5674 Crore

Raids by the ED in connection with its money laundering probe against diamond czar Nirav Modi and others in the alleged Rs 11,400-crore bank fraud continued for the third day today with the agency saying it seized Rs 25 crore worth diamonds and jewellery, taking the total seizure value to Rs 5,674 crore.

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Allahabad Bank discloses Rs 2,000 cr exposure in PNB fraud

Allahabad Bank has an exposure of around Rs 2,000 crore by way of Letter of Undertakings issued by Punjab National Bank to Nirav Modi, the billionaire diamond merchant in the centre of a Rs 11,400-crore fraud.

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The Global Advantage

BofAML’s global cash management and capital markets business are money spinners thus propelling it to the top spot

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Small Wonder Indeed!

City Union Bank’s success lies in the ability to cut its coat with the cloth in mind

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A Small Little Gem

DCB Bank continued to buck the trend; and is among the pack-leaders

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Hitting Pay Dirt

RBL has engaged with its clients in a remarkable way; the IPO was proof of it

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Say Yes To Growth

Yes Bank is growing at a scorching pace without compromising on asset quality

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The Indus Swells

The bank is firmly in the top draw; and is at an inflection point

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PNB Shares Slide For 3rd Straight Day; Hits 52-week Low

The stock hit its 52-week low on both BSE and NSE on Friday after it opened on a bearish note and fell 3.27 per cent to Rs 124.15 on BSE

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Union Bank Has $300 Million Exposure To PNB Fraud

The bank has also purchased some Buyers Credit assets from Axis Bank through Risk Participation as a part of normal International Business Practice

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Striking It Big

SBI has set its sights higher – and it shows in its first podium finish

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