Indian Bank

TikTok Parent ByteDance Says It Is 'Bleeding' Due to India Bank Account Freeze, No Relief From Court

Reuters | Thursday April 1, 2021

A Mumbai court granted no relief to China's ByteDance in a case where the company challenged the local tax authority's decision to block its Indian bank accounts, dealing a blow to its operations.

Non-Performing Assets Of Banks Fell To Rs 5.70 Lakh Crore In December: Anurag Thakur

Business | Press Trust of India | Tuesday March 23, 2021

According to him, the occurrence of frauds, which resulted in high NPAs, has also witnessed a sharp decline as a result of steps taken by the government.

How to Add Your Bank Account to Paytm for UPI Transcations

Tasneem Akolawala | Saturday March 20, 2021

A user must first install the Paytm app from Google Play store or Apple’s App Store onto their phones to begin using the digital payment service. Once this is done, they will need to register on the Paytm app. It is recommended to use the same number on Paytm that is linked to your bank account.

Stocks To Watch: Reliance Industries, Vedanta, HDFC Life, South Indian Bank

Business | Edited By Abhishek Vasudev | Friday January 22, 2021

In yesterday's session, Sensex crossed over 50,000-mark for the first time however it closed below that level owing to profit booking at record highs.

CBI Registers Bank Fraud Case Of Over Rs 200 Crore Against Bengaluru Firm

India News | Press Trust of India | Wednesday January 13, 2021

The Central Bureau of Investigation (CBI) has registered a case of bank fraud of over Rs 200 crore against Bengaluru-based Steel Hypermart India Private Limited and its directors for losses incurred by a consortium of banks led by the Indian Bank, officials said Wednesday.

Vijay Mallya Denied Permission To Appeal In UK Bankruptcy Case

India News | Press Trust of India | Wednesday January 13, 2021

Liquor tycoon Vijay Mallya was on Wednesday denied permission to appeal against a UK High Court order refusing to dismiss bankruptcy proceedings brought by a consortium of Indian banks led by the State Bank of India (SBI), in their pursuit of debt related to his now-defunct Kingfisher Airlines.

UK Court Denies Release Of Massive Funds For Vijay Mallya's Legal Fees

India News | Press Trust of India | Monday January 11, 2021

A UK court hearing an urgent application on Monday refused to sanction the release of substantial sums held with the Court Funds Office (CFO) as part of bankruptcy proceedings being pursued against liquor tycoon Vijay Mallya by a consortium of Indian banks, led by the State Bank of India (SBI).

SBI-Led Bank Consortium Pursue UK Bankruptcy Order Against Vijay Mallya

India News | Press Trust of India | Saturday December 19, 2020

A consortium of Indian banks led by the State Bank of India (SBI) returned to the High Court in London for a bankruptcy application hearing against liquor tycoon Vijay Mallya, as they pursue the recovery of debt from loans paid out to his now-defunct Kingfisher Airlines.

Stocks To Watch Today: Tata Steel, TCS, Indian Bank

Business | Edited by Peter Noronha | Tuesday December 15, 2020

Tata Steel increased its aggregate indirect shareholding in Tata Steel Minerals Canada to 82 per cent by acquiring additional 4.32 per cent equity

Vijay Mallya Seeks Access To Funds From France Property Sale Held By UK Court

India News | Press Trust of India | Saturday December 12, 2020

Liquor tycoon Vijay Mallya on Friday made an urgent application before the UK High Court, seeking access to millions of pounds to cover his living expenses and legal fees from funds held with the Court Funds Office as part of bankruptcy proceedings, initiated by a consortium of Indian banks led by the State Bank of India.

Bank Holidays 2020: Banks, Stock Markets Shut On Account Of Guru Nanak Jayanti

Business | Edited by Abhishek | Monday November 30, 2020

List of bank holidays falling in the month of December 2020: Domestic equity, debt, forex and bullion markets along with banks and other central government run institutions will be shut on Christmas.

Opinion: Tycoon-Led Banks Could Be Dangerous For India

Business | Andy Mukherjee | Bloomberg | Monday November 23, 2020

From the conditional nature of the recommendation, it doesn't appear that the regulator will soon reverse its policy of keeping conglomerates away from banking. But the report could pave the way for backdoor entry.

Banks Show Revival In Loan Growth Amid Concerns

Business | Reuters | Thursday November 5, 2020

Several lenders including State Bank of India, the country's largest lender and HDFC Bank, India's most valuable bank by market capitalisation saw demand for housing and vehicle loans return to near pre-pandemic levels in the quarter ended September.

ED Attaches Assets Of Tamil Nadu Businessman Worth Over Rs 20 Crore In Indian Bank Fraud Case

South | ANI | Tuesday September 1, 2020

The Enforcement Directorate (ED) has attached six immovable properties worth Rs 20.65 crores of a Tamil Nadu-based businessman under Prevention of Money Laundering Act, 2002 (PMLA) in connection with a bank fraud case.

Banks' Bad Debt To Rise Sharply Amid COVID-19 Pandemic: RBI Report

Business | Reuters | Friday July 24, 2020

The pandemic may push up the gross NPAs in the Indian banking system to at least 12.5 per centby March 2021, from 8.5 per centin March 2020