Needless to say, a thorough clean-up of the ecosystem is the need of the hour. Here are three steps that the new IRDAI Chairman may want to consider taking, in order to reform the industry
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Sebi observed that there were delays of 1-6 days by PNB in making disclosures to the stock exchanges pertaining to the filing of reports/complaints with Reserve Bank of India and CBI
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Several other small business owners told Reuters they too had struggled to get credit, with banks more wary of taking loan decisions based on past relationships with customers since the PNB fraud
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In light of recent headwinds, industry now faces its stiffest test in years. Here's why
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The Income Tax Department (ITD) today questioned Videocon group promoter Venugopal Dhoot in connection with its tax evasion probe linked to the Videocon-ICICI bank loan case, officials said.
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Scam-hit Punjab National Bank today posted loss of Rs 13,416.91 crore for the January-March period, the biggest ever by any domestic lender, as bad loans surged.
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The scheme has generated around 9.10 per cent compounded annual growth rate (CAGR) since inception till March 2018, it said further
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The total income for the fourth quarter also declined to Rs 12,945.68 crore from Rs 14,989.33 crore in the year-ago period
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