Money & Banking

UCO Bank has declared industrialist and Page3 regular Yashovardhan (Yash) Birla as a wilful defaulter after Birla Surya Ltd failed to repay loans of Rs67.65 crore. Mr Birla is chairman of the Yash Birla Group. This is a rare incident where a lender has published a photo of a well-known...
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Earlier this month, the monetary policy breathed a fresh air and for once customers felt that some comfort existed for them too. Post-liberalisation, banks went on investing in technology and realising the costs of such investments through various types of charges imposed on the...
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Financial year 2018-19 marked a rather unsettling year for Yes Bank even more so for its board of directors.   Ever since Rana Kapoor was not permitted by the RBI to continue to be on the Board of Directors of Yes Bank, the bank has suffered an exodus of directors. Only two members of...
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A British court on Wednesday extended, till June 27, the judicial custody of Nirav Modi, while rejecting his bail plea as it suspected that he could "interfere" with witnesses.   The Westminster Magistrates' Court ordered the Metropolitan Police to put him under its custody till the...
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The beleaguered public sector Punjab National Bank (PNB) has admitted to 1,142 big and small defaulters all over India who have defaulted a stupendous Rs 25,090.3 crore.   Of these 1,142, the PNB has so far initiated recovery proceedings by filing suits against 1,108 defaulters to...
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