Allegations against ICICI Bank pose reputational risks

ewsroom24x7 Network Mumbai/Singapore: An investigation into allegations that India’s ICICI Bank (BBB-/Stable/bbb-) extended a loan with a potential conflict of … More

Fitch places PNB’s Viability Rating on Rating Watch Negative

Newsroom24x7 Network Singapore: Fitch Ratings has placed Punjab National Bank’s (PNB) Viability Rating of ‘bb’ on Rating Watch Negative (RWN), … More

PNB and Foreign Letters of Credit scam: CBI registers case

Newsroom24x7 Network Mumbai: The Central Bureau of Investigation has registered a case on 15 February 2018 under section 120B read … More

Rs. 11000 crore scam: PNB stock plummets to record low

Newsroom24x7 Network Mumbai: The Punjab Nationl Bank share price plummeted to a 52 week low to 125.25 on the NSE … More

Recap helps weak credit profiles of Indian State Banks

Newsroom24x7 Network Mumbai: The Indian government’s USD32 billion recapitalisation programme should help in part to mitigate the risks that Indian … More

Banks provide vital information about post-demonetization transactions of 5800 suspicious companies

Newsroom24x7 Network New Delhi: Vital information has been received by the Government of India from 13 banks regarding the bank … More

Indian banks face USD65 billion capital shortage by FYE19

Newsroom24x7 Network Mumbai/Singapore: Indian banks are likely to require around USD65 billion of additional capital to meet new Basel III … More

State Support Driving Indian AT1 Market

Newsroom24x7 Network Mumbai/Singapore: This month’s capital injection into IDBI Bank suggests the Indian government remains unwilling to allow state banks … More

CBI arrests zonal head of Bank of Maharashtra

Newsroom24x7 Staff Pune: The Central Bureau of Investigation has arrested a former Zonal Head, Pune City Zone, Bank of Maharashtra, … More

State Bank of India comes under attack on minimum balance penalty

Newsroom24x7 Staff I understand that the bank is having financial difficulties but this is not how they are going to … More

Fitch: Indian Loan Waivers are a Risk to Fiscal Consolidation

Newsroom24x7 Network Mumbai/Hong Kong/Singapore: The farm loan-waiver schemes being discussed and rolled out across an increasing number of Indian states … More