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ICICI Bank to finally boot out Chanda Kochar; Sandeep Bakshi to be named CEO

Major financial daily reports that ICICI Bank top management has decided to remove CEO Chanda Kochhar from the position following the investigation into alleged conflict of interest over Videocon loan. The report says Sandeep Bakhshi, the head of the bank's insurance division, will become the next CEO.

1 hour ago

Quick Response: Who is helping Nirav Modi? Who is behind India's generous grace period for PNB fraudster?

Under whose wings is Nirav Modi taking shelter after duping Punjab National Bank of more than Rs 14,00 crore? While his passport was supposed to be revoked, he travels using it as recently as on June 12.

3 hours ago

Did ICICI bank ask tainted CEO to go on leave? Shares rise 3% as Chanda Kochhar moves on

ICICI Bank has denied it has asked tainted CEO Chanda Kochhar to go on leave. Earlier, a pink daily reported that the board decided that Kochhar should stay away until a probe into alleged irregularities in the Videocon loan was over. The report had also discussed a succession plan at ICICI bank.

17 days ago

Videocon dirty loan: Why did ICICI Bank take so long to launch probe into CEO Chanda Kochhar?

ICICI Bank and CEO Chanda Kochhar have been battling allegations of conflict of interest over loans given to Videocon. The bank had so far defended Kochhar, saying internal investigations had found no proof for any wrongdoing by her.

18 days ago

Punjab National Bank

Fraud-hit PNB suffers biggest ever quarterly loss for an Indian bank

The bank's shares ended down 3.8 percent, their lowest close since June 13, 2016, having fallen as much as 6.4 percent after the results. The stock has lost almost half of its value this year making it the worst performer among Indian bank stocks.

May 16, 2018

bank of baroda, bob, bank of baroda share price, banks, atms, atm, cash, rbi, cash withdrawal, note ban, demonetisation

Cash crunch at banks: Sins on the rise, trust on the wane

In India, more than half of the gross savings are held in bank deposits. A decline of trust in banks impacts the gross savings rate.

Apr 17, 2018

Looking for early income tax refund? Just follow these 5 steps

How quickly you receive your tax refund depends on when you file your taxes, how you choose to file, and, now, what credits and deductions you might claim.

Apr 14, 2018

De-monetisation of currency

Overseas money transfer: RBI to monitor remittance under LRS

The Reserve Bank of India has tightened its regulation norms on Liberalised Remittance Scheme under which an individual can transfer up to $2,50,000 abroad in a year.

Apr 13, 2018

Personal Finance: Tax-saving ideas for new fiscal year

As we enter into a new financial year, lets take a look at some of the key tax saving instruments that meets our goals and needs.

Apr 7, 2018

bank, banks, atm, cash, note ban, demonetisation, modi govt, no cash, rbi, bank deposits

Is a bank run in the making?

Stampedes are not created by those who live by hope but by the poor, spooked souls rushing to the exits.

Apr 6, 2018

sms-ticketing-service-by-irctc-to-be-launched-on-1-july

Banks may be charging a flat fee for SMS alerts -- illegally

The uniform billing by some of the lenders for SMS alerts is against the Reserve Bank of India's advisory.

Apr 5, 2018

No respite for borrowers as RBI links base rate with MCLR

The move comes at a time when the interest rates are poised to rise after nearly four years easing cycle, according to market experts.

Apr 4, 2018

Retirement Savings: When is enough really enough?

You need 18 to 35 times your annual expense at age 60 to retire. Inorder to calculate that, create an expense multiplier rather than an income multiplier.

Mar 31, 2018

SEBI headquarters

Mutual fund investors beware! Your asset manager may be overcharging you

SEBI's recent study revealed that fund managers have overcharged mutual fund investors as much as Rs 1,500 crore in the last five years.

Mar 28, 2018

Nirav Modi scam: 'PNB staff bought assets overseas, stashed funds'

Punjab National Bank starts legal proceedings to recoup funds from the rogue employees.

Mar 21, 2018

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