Indian GST system among most complex globally: World Bank
New Delhi : The Indian Goods and Services Tax (GST) system is among the most complex in the world with...
Business
PSBs crucial for India, PNB fraud a painful crisis: Bimal Jalan
New Delhi : Public sector banks (PSBs) are important for the country, but there should be better governance and monitoring,...
Merger led to higher account closure this year: SBI
New Delhi : The country's largest public sector bank State Bank of India (SBI) on Thursday clarified that the number...
PSBs to link SWIFT with Core Banking Solution by April 30
New Delhi : All public sector banks (PSBs) will have to link their SWIFT systems with their respective Core Banking...
Ex-PNB official Shetty booked in Rs 9-cr LoU fraud with another company
New Delhi : Apparently, the Nirav Modi and Mehul Choksi groups were not the only ones indulging in frauds related...
Indian economy to rebound to trend growth of 7.5% by FY20: World Bank
New Delhi : The Indian economy is set to revert to its trend growth rate of 7.5 per cent by...
PNB discloses Rs 942 cr additional exposure to Gitanjali group
New Delhi : The Punjab National Bank (PNB) has filed a fresh complaint to the CBI alleging it has uncovered...
PNB fraud fallout: RBI scraps Letters of Undertaking system
Mumbai : The Reserve Bank of India (RBI) on Tuesday discontinued the system of issuing Letters of Undertaking (LoUs) by...
HDFC Bank bans clients from buying cryptocurrencies via its credit, debit cards
New Delhi : HDFC Bank has disallowed its customers from buying Bitcoins, cryptocurrencies and virtual currencies through the bank's credit,...
RBI had cautioned banks multiple times on SWIFT misuse: Government
New Delhi : The RBI had issued two circulars in 2016 to banks on strengthening the Society for Worldwide Interbank...
