Falaknaaz Syed
Assistant Editor
New Delhi
My Stories
Rates on small savings schemes likely to go up in April

If you are planning to invest in any of the post office savings schemes offered by the Department of Posts, it would be wise to wait for a few weeks as the government is likely to raise the interes

Banks to raise deposit and lending rates

Your returns from fixed deposits are slowly going up as banks have begun raising interest rates on retail and bulk deposits.

RBI to inject additional liquidity of Rs 1L cr in March

To prevent the sudden spurt in call money rate, the central bank will be injecting additional liquidity of Rs one lakh crore through long-term repo operations.

Cleansing of PSU banks

The unearthing of Rs 11,400-crore fraud at Punjab National Bank, allegedly by billionaire jeweller Nirav Modi, coupled with swindling to the tune of Rs 3,695 crore by Rotomac promoter Vikram Kothar

PNB fraud: BoI has Rs 1,000 crore exposure

State owned Bank of India (BoI) has an exposure of Rs 1,000 crore by way of letter of undertakings (LoU) issued by Punjab National Bank to Nirav Modi (in pic), the billionaire diamond merchant in t

Precious stone importers push rupee down

Impending rate hikes from the Reserve Bank of India (RBI) and the US

Fraud-hit PNB likely to report higher losses in coming quarters

State-owned Punjab National Bank is likely to report substantially higher losses in the current quarter and in FY19 as well, which, along with a sharp rise in its stressed assets portfolio, may sig

Moody’s place PNB under review for downgrade

Global rating agencies Moody’s and Fitch have placed state owned Punjab National Bank under review for downgrade as they await clarity on the impact of fraud on the lender’s financial position.

RBI intervention stems rupee plunge, still ends 58p lower against dollar

Weakness in domestic stocks weighed on the rupee, which lost a massive 58 paise to end at a fresh three-month low of 64.79 against the US dollar.

PNB fraud exposes holes in RBI supervision, audit

The Rs 11,560 crore fraud at Punjab National Bank (PNB) by diamantaire Nirav Modi and jeweller Mehul Choksi in association with the bank’s employees has raised serious questions about the monitorin