BW Communities

Articles for Banking & Finance

5 Life Insurance Mis-selling Pitches Doing The Rounds These Days

Here are the top five questionable pitches doing the rounds these days. If you hear any of them, make sure you exercise caution before proceeding!

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PNB May Be Given 1 Year To Provision Against Rs 12,646 Crore Fraud

Bank has written a letter to banking sector regulator seeking its opinion on making provisions for fraud

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PNB Fraud Accused Mehul Choksi Says Indian Authorities Ignoring Due Process

One of the lead agencies probing the alleged loan fraud, Choksi said the seizure of his assets, bank accounts and the shutting down of all his offices in India has caused prejudice against him

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What SIP Investors Should (And Shouldn't!) Do Now

SIP investors who were sitting on reasonable profits until then, are now slowly but surely slipping into the red. If you're one of them, here are four things for you to do now

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State-run Banks Facing Over $3 Billion Of Losses On Bonds In Jan-March: Credit Suisse

New Delhi is in the process of injecting $14 billion of the recapitalisation outlay into the banks during the current quarter, which is also the deadline for the lenders to achieve a central bank-mandated minimum 50 percent provisioning on the loans to companies in bankruptcy court

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Banks Need To Overcome Problems Fast To Lend Large Credit: Rangarajan

His remarks come amid the Rs 12,700 crore fraud detected recently at the Punjab National Bank (PNB) and the banking system's overall struggle to overcome mounting bad loans

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PNB Head Sunil Mehta Appears Before SFIO

SFIO is also expected to call officials of nearly 31 banks which have an exposure to the companies of diamond traders Nirav Modi and Mehul Choksi

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PNB head Sunil Mehta likely to appear before SFIO tomorrow

As part of the investigation, the SFIO has issued summons to heads of over 30 banks that have exposure to companies of diamond traders Nirav Modi and Mehul Choksi

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