All about India's biggest banking scam

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Sat, Feb 17, 2018 | 12:51 PM IST

How two employees and a jeweller pulled off India's biggest bank scam In raising funds and moving money out of PNB, two employees directly used SWIFT and bypassed the CBS which processes daily banking transactions.... Paytm head Vijay Shekhar Sharma is upset with WhatsApp Sharma said he will approach the National Payments Corporation of India (NPCI), which has developed the UPI system, and even higher authorities to ... Mukesh Ambani can alone keep government afloat for 20 days The 2018 Robin Hood Index of Bloomberg estimates that India's richest person, Mukesh Ambani could run the Indian government for 20 days....

You've told enough lies: India's banks finally get a strict ultimatum Lenders will now have a much cleaner — and stricter — system for dealing with bad loans. If they still try to hide bad loans, the RBI will whack th... More Indians prefer US EB-5 visa route with assured migration, Green Card In the past four years or so, the number of applicants opting for EB-5 Investor Visa have gone up threefold, with over 350 applicants in 2016....

SBI wrote off bad loans worth over Rs 20,000 crore last fiscal SBI wrote off bad loans worth Rs 20,339 crore in 2016-17 - highest among all public sector banks - which had a collective write off of Rs 81,683 cr... The messaging war: Dear BJP, you are losing BJP's big advantage is Modi. His Parliament speech which hammered the Cong on its shortcomings reasserted and highlighted where the BJP stood....

The plane truth about Rafale deal is so hard to see? The final price per plane could not be under $212 million... Yet, the media reported the official dogma of 126 planes for $10.4 billion: Author... Smartphones at Rs. 500? Their true cost may be Rs 26,000 crore! What is the subsidy cost that telcos will have to bear to really deliver the devices at Rs.500? A calculation throws up a whopping number: Rs 26,00... In a first, Cognizant sees revenue growth despite fall in headcount Indian IT companies such as Infosys, Wipro and TCS have shown contractions in their headcount numbers, but their annual figures will be available o...

PNB fraud: Bankers, not bureaucrats, should run India's banks

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