The Indian central bank’s crackdown on virtual money may drive cryptocurrency exchanges out of the country to more friendly locations.
Indian cryptocurrency exchanges are not willing to go down without a fight.
Criminals in India now want bitcoin as ransom.
The troubles at India’s private lenders are escalating.
India’s second-largest private lender, ICICI Bank, is battling one of its biggest crises ever.
The cryptocurrency debate in India has turned on its head.
India’s most valuable company, led by the country’s richest man Mukesh Ambani, has entered another business: banking.
The Indian government’s clarion call for more job-creating private investments seems to be falling on deaf ears. Instead, India Inc is mothballing projects at a record pace.
The toxic-loan pile in Indian banking is set to get even bigger.
Indian banks, reeling under a mammoth pile of bad loans, are turning down students seeking loans.
The crisis of confidence in India’s banking sector has come to a head, particularly over the last two months.
A chill has set into the cryptocurrency market, especially in India.
One of India’s best-known banking executives, Chanda Kochhar, is caught in the midst of a raging controversy involving favouritism over loan disbursement.
Footloose Indians are splurging abroad.
Unlike other players in the microfinance industry, Bandhan Bank joined the league of big banks only in August 2015. In less than three years, it has emerged as a leader and is set for India’s biggest banking initial public offering (IPO), at a time when its older and bigger peers are in duress.
Indian banks are turning up the heat on customers to meet their rising costs.
The mood in India’s e-wallet Industry is sombre as firms face a potential loss of up to 80% of their business due to a new regulation.
India’s state-run lenders and its banking regulators, along with the government and taxpayers, must be glad that February has ended.
The full bloom of banking frauds in India—from Nirav Modi and Mehul Choksi to Simbhaoli Sugars—has left the government desperate. So it has set an almost impossible target of cleaning up the rot in the country’s state-owned banking system in just 15 days.
Punjab National Bank (PNB), India’s second-largest government-owned lender, has said that the quantum of fraud uncovered at one of its Mumbai branches earlier this month is expected to rise by over $204 million (over Rs1,300 crore) from the $1.77 billion estimated till now.
What did India’s finance minister and the central bank do after the country’s biggest banking fraud unraveled on Feb. 14? They went silent.
The $1.77 billion (over Rs11,000 crore) fraud at Punjab National Bank (PNB) has sent shock waves across Indian banking.
As the $1.77 billion (over Rs11,000 crore) fraud at Punjab National Bank (PNB) unravels, the unanswered questions are piling up.
The alleged $1.8 billion (over Rs11,000 crore) fraud unearthed at Punjab National Bank (PNB) has opened up a can of worms.
