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Top Stocks That Should Be On Your Radar Today - SBI, PNB, Airtel, Infosys, IndiGo
If the Nifty50 continues to trade in the range of 10,480-10,300, traders should follow a stock-centric approach, say experts.
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PNB Scam: No Lender Issued Fake LoUs Barring PNB, Says SBI Official
All PSBs have checked issued LoUs, and there are no other unauthorised LoUs except those issued by PNB, says senior SBI official, PTI reported.
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RBI Willing To 'Consume Poison' To Clean Credit Culture, Says Urjit Patel: 10 Points
Feeling anger and pain over the recent Rs 13,000 crore alleged Punjab National Bank (PNB) fraud, Reserve Bank of India (RBI) said on Wednesday that it is determined to clean the banking space even if it faces brickbats. Governor Urjit Patel also defended RBI's role in the matter saying that the central bank has "very limited authority" over state-r...
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RBI Bars Letters of Undertaking (LoUs). Five Things To Know
RBI took the decision of discontinuing letters of undertaking in wake of the alleged Rs 13,000 crore PNB fraud that revolved around the LoUs
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Sensex Falls Over 250 Points, Nifty Below 10,350: 10 Points
The BSE Sensex fell as much as 276 points on Wednesday to hit an intraday low of 33,580, dragged down by banking and energy stocks. The National Stock Exchange (NSE) benchmark index Nifty lost 90 points to hit an intraday low below the 10,350 mark in afternoon deals. Declines during Wednesday's session were led by banking, energy and FMCG stocks. W...
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Banks Barred From Issuing Credit Guarantees After PNB Fraud: Latest Developments
In a major clampdown on banks after the Punjab National Bank (PNB)-Nirav Modi case, the Reserve Bank of India (RBI) on Tuesday barred banks from issuing letters of undertaking (LoUs) even as fresh details emerged about possibly the biggest fraud in India's banking history. Besides, the government revealed on Tuesday that alleged fraudster Mr Modi, ...
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PNB Fraud: As Mehul Choksi Said Its Impossible To Return, CBI To Send Summons Again
The CBI has decided to call diamond jeweller Nirav Modi and his uncle Mehul Choksi to join an ongoing probe
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Forbes Billionaires List 2018: Nirav Modi Dropped, Patanjali's Balkrishna 274th richest
Nirav Modi, an accused in the PNB's alleged Rs 12,600 fraud, jeweller Nirav Modi is among the ones who have been dropped from the coveted list of rich persons prepared by Forbes.
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PNB Fraud: CEO Grilled By SFIO Officials For 5 Hours. Highlights Of Nirav Modi Case
Continuing the probe into the Punjab National Bank fraud, sleuths of the Serious Frauds Investigation Office questioned the MD and CEO Sunil Mehta
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PNB Fraud: Allahabad Bank Shrugs Off CBI Quizzing Its CEO, Calls Its 'Routine Cooperation'
Allahabad Bank's CEO Usha Ananthasubramanian was not questioned by the CBI as an accused, but only for clarifications as to how such colossal transactions bypassed surveillance system in the bank
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PNB Case Fallout: Government Constitutes NFRA To Keep A Watch Over Auditors
Section 132 of the Companies Act provides for the constitution of National Financial Reporting Authority. The cabinet approved its constitution on Thursday
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ICICI Bank Raises Lending Rates (MCLR) By 15 Basis Points Following SBI, PNB
The marginal cost of funds based lending rate (MCLR) refers to the minimum interest rate of a bank below which it cannot lend, except in some cases allowed by the RBI. It is an internal benchmark or reference rate for the bank.
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PNB Auditor Conspired In Rs 12,600 Crore Nirav Modi Case, Says CBI
The CBI and the ED have registered two FIRs each to probe the case. Both Choksi and Modi are said to have left the country before criminal cases were lodged against them.
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SBI Hikes Lending Rate For First Time Since April 2016, EMIs To Go Up
SBI raised its lending rate on Thursday. Following this, PNB and ICICI Bank raised their marginal cost of funds based lending rates (MCLR)
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PNB Fraud: Nirav Modi Firm Files For Bankruptcy. Ten Things To Know
Nirav Modi's Firestar Diamond Inc listed $50 million to $100 million in assets and liabilities and noted it had 50 to 99 creditors
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Top Stocks That Should Be On Your Radar Today - SBI, PNB, Airtel, Infosys, IndiGo
If the Nifty50 continues to trade in the range of 10,480-10,300, traders should follow a stock-centric approach, say experts.
-
PNB Scam: No Lender Issued Fake LoUs Barring PNB, Says SBI Official
All PSBs have checked issued LoUs, and there are no other unauthorised LoUs except those issued by PNB, says senior SBI official, PTI reported.
-
RBI Willing To 'Consume Poison' To Clean Credit Culture, Says Urjit Patel: 10 Points
Feeling anger and pain over the recent Rs 13,000 crore alleged Punjab National Bank (PNB) fraud, Reserve Bank of India (RBI) said on Wednesday that it is determined to clean the banking space even if it faces brickbats. Governor Urjit Patel also defended RBI's role in the matter saying that the central bank has "very limited authority" over state-r...
-
RBI Bars Letters of Undertaking (LoUs). Five Things To Know
RBI took the decision of discontinuing letters of undertaking in wake of the alleged Rs 13,000 crore PNB fraud that revolved around the LoUs
-
Sensex Falls Over 250 Points, Nifty Below 10,350: 10 Points
The BSE Sensex fell as much as 276 points on Wednesday to hit an intraday low of 33,580, dragged down by banking and energy stocks. The National Stock Exchange (NSE) benchmark index Nifty lost 90 points to hit an intraday low below the 10,350 mark in afternoon deals. Declines during Wednesday's session were led by banking, energy and FMCG stocks. W...
-
Banks Barred From Issuing Credit Guarantees After PNB Fraud: Latest Developments
In a major clampdown on banks after the Punjab National Bank (PNB)-Nirav Modi case, the Reserve Bank of India (RBI) on Tuesday barred banks from issuing letters of undertaking (LoUs) even as fresh details emerged about possibly the biggest fraud in India's banking history. Besides, the government revealed on Tuesday that alleged fraudster Mr Modi, ...
-
PNB Fraud: As Mehul Choksi Said Its Impossible To Return, CBI To Send Summons Again
The CBI has decided to call diamond jeweller Nirav Modi and his uncle Mehul Choksi to join an ongoing probe
-
Forbes Billionaires List 2018: Nirav Modi Dropped, Patanjali's Balkrishna 274th richest
Nirav Modi, an accused in the PNB's alleged Rs 12,600 fraud, jeweller Nirav Modi is among the ones who have been dropped from the coveted list of rich persons prepared by Forbes.
-
PNB Fraud: CEO Grilled By SFIO Officials For 5 Hours. Highlights Of Nirav Modi Case
Continuing the probe into the Punjab National Bank fraud, sleuths of the Serious Frauds Investigation Office questioned the MD and CEO Sunil Mehta
-
PNB Fraud: Allahabad Bank Shrugs Off CBI Quizzing Its CEO, Calls Its 'Routine Cooperation'
Allahabad Bank's CEO Usha Ananthasubramanian was not questioned by the CBI as an accused, but only for clarifications as to how such colossal transactions bypassed surveillance system in the bank
-
PNB Case Fallout: Government Constitutes NFRA To Keep A Watch Over Auditors
Section 132 of the Companies Act provides for the constitution of National Financial Reporting Authority. The cabinet approved its constitution on Thursday
-
ICICI Bank Raises Lending Rates (MCLR) By 15 Basis Points Following SBI, PNB
The marginal cost of funds based lending rate (MCLR) refers to the minimum interest rate of a bank below which it cannot lend, except in some cases allowed by the RBI. It is an internal benchmark or reference rate for the bank.
-
PNB Auditor Conspired In Rs 12,600 Crore Nirav Modi Case, Says CBI
The CBI and the ED have registered two FIRs each to probe the case. Both Choksi and Modi are said to have left the country before criminal cases were lodged against them.
-
SBI Hikes Lending Rate For First Time Since April 2016, EMIs To Go Up
SBI raised its lending rate on Thursday. Following this, PNB and ICICI Bank raised their marginal cost of funds based lending rates (MCLR)
-
PNB Fraud: Nirav Modi Firm Files For Bankruptcy. Ten Things To Know
Nirav Modi's Firestar Diamond Inc listed $50 million to $100 million in assets and liabilities and noted it had 50 to 99 creditors
