Falaknaaz Syed
Assistant Editor
New Delhi
My Stories
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

Worst not yet over for SBI, other banks

Year after year for the last nine years, India’s largest lender State Bank of India (SBI) has assured the market that the worst may be over in terms of bad loans.

BoI, UBI report losses as NPA crisis deepens

If you thought the worst was over, think again. A fresh round of bloodletting has begun in the boardrooms of public sector banks (PSBs), a mirror image of the nation's economic health.

Liquidity ops not for managing bond prices

The liquidity operations conducted by the Reserve Bank of India (RBI) is not aimed at managing prices of government bonds but to drive its monetary policy goals, to manage money supply in the syste

Patel blames taxes for subdued private investment

Kicking off a fresh debate, Reserve Bank governor Urjit Patel on Wednesday said it is the taxation regime, not high interest rates, that is impinging a pick-up in private investment.

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