Finance

Cryptocurrency finds a new home with Swiss stock exchange

The Swiss stock exchange has announced plans to roll out a new cryptocurrency exchange as it hails a 'new era for capital markets'.

Jul 6, 2018

Life Insurance Corporation to invest Rs 26,000 crore in Indian Railways' finance arm

The state-owned insurance group and investment company headquartered in Mumbai is planning to infuse Rs 26,000 crore through bond subscription.

Jul 5, 2018

CBI grills two former RBI deputy governors in loan fraud investigation

Two ex-deputy governors at RBI are facing investigation in the Kingfisher loan case. Separately, the CBI had quizzed former deputy governors Harun Rashid Khan and KC Chakrabarty as part of its probe into the PNB scam and a forgery case filed by the Indian Overseas Bank.

Jul 5, 2018

Former RBI deputy governor KC Chakrabarty stopped from travelling abroad

KC Chakrabarty, who served as the RBI deputy governor from 2009 to 2014, was stopped when he was travelling to London from Mumbai's Chhatrapati Shivaji International Airport in May.

Jul 4, 2018

Life Insurance Corporation LIC premium insurance bima diamond plan money back

LIC lost 18 out of 21 PSB investments in the past two years

The trend is completely different when it comes to its investment in private sector banks where the value of LIC's investment is up by 50 percent.

Jul 2, 2018

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GST was thrust upon an unprepared nation, says former Finance minister P Chidambaram

According to the Congress leader, the only section that appeared to be happy about the GST was the tax administration that had acquired extraordinary powers that frighten the average business person and the common citizen. "GST has become a bad word" for businesses and commoners alike, he said.

Jul 1, 2018

Who will be next ICICI Bank chairman? Frontrunner loses out; ex-bureaucrat emerges dark horse

ICICI Bank chairman RK Sharma's terms ends tomorrow. In the running are former bureaucrats Shaktikanta Das, D K Mittal, Tapan Ray C B Bhave. Former Bank of Baroda Chairman and Managing Director MD Mallya, a frontrunner in the beginning, has apparently lost out after he was interrogated in the Rotomac loan scam.

Jun 29, 2018

ICICI bank probes 31 loan accounts based on whistle-blower complaint

The bank says it has conducted a probe following allegations of irregularity in asset classification in 31 loan accounts. It says that there were no irregularities.

Jun 23, 2018

Chanda Kochhar salary: On leave and facing probe, ex-CEO to draw full pay

The ICICI board that sent CEO Chanda Kochhar on leave pending investigation into loan irregularities has,however, allowed her to draw full salary. Industry watchers say it's a sign of lax corporate governance at the bank.

Jun 20, 2018

Chanda Kochhar exit: This is how ICICI Bank board edged out 'aggressive, defiant' CEO

ICICI bank turns a leaf with the 'indefinite' leave of Chanda Kochhar and the appointment of Sandeep Bakhshi as interim head. However, reports say Kochhar was defiant and aggressive at the board meeting and forced changes in the phrasing of the statement announcing her departure, a fallout of the dirty loan to Videocon in 2012.

Jun 20, 2018

World's richest person, Jeff Bezos is now wealthier than ever

Amazon CEO Jeff Bezos is now worth $141.9 billion as per Forbes. Up by $5 billion since June 1.

Jun 19, 2018

Chanda Kochhar asked to go on leave until completion of internal inquiry

ICICI Bank's Board has, at its meeting on Monday, decided to appoint Sandeep Bakhshi as the lender's whole time director and chief operating officer (COO).

Jun 19, 2018

ICICI Bank to finally boot out Chanda Kochhar? Sandeep Bakhshi 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.

Jun 18, 2018

Probe against Nirav Modi compromised? Top CBI officer's email blocked, desktop seized

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.