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In its judgement, the state consumer commission had upheld a district foras order asking the bank to pay the money to the man while holding deficiency in service on part of the bank.

Services PMI returns to growth, records sharpest expansion in a year

A strong improvement in demand also encouraged firms to hire at a faster pace than in May.

4 July 2018 11:16 AM IST

The government has asked PNB and probe agencies to share details of the Rs 13,000 crore scam with chartered accountants apex body ICAI, which is looking into the systemic issues related to the fraud, an official said.

PNB to shutter most operations at fraud-hit Mumbai branch, say sources

India's second-largest state lender seeks to tighten controls and restore its reputation.

3 July 2018 5:47 PM IST

IDBI shares fell as much as 3.5 per cent to 73.6 rupees.

IDBI Bank employees oppose proposed take over by LIC

This is a clear move to privatise it, bypassing the assurance given to Parliament.

3 July 2018 5:26 PM IST

Exports seem to have good performance in June: Prabhu

The country's manufacturing sector activity in June grew at the strongest pace this year.

3 July 2018 9:21 AM IST

The Serious Fraud Investigation Office (SFIO) has summoned the top management of about 31 banks having exposure to Mehul Choksi-promoted Gitanjali Gems.

India bankers panel suggests steps to tackle bad loans

The bad loans problem, driven largely by infrastructure sectors including power.

3 July 2018 9:14 AM IST

State Bank of India, SBI, had earlier reduced minimum balance requirement. (Photo: PTI)

Arijit Basu takes charge as Managing Director of SBI

During his tenure, the company successfully listed on the Stock Exchanges in October, 2017.

2 July 2018 3:50 PM IST

If you are under the age of 60, heres a check list to help you plan your money decisions to create wealth, insure adequately, and save tax in 2018-19.

Higher tax mop up due to reforms

Only a holistic review of the entire gamut of steps will enable us to understand the impact on the overall tax...

2 July 2018 1:12 AM IST

The Mumbai zone of the Central GST Commissionerate has mopped up revenue of Rs 72,509 crore till February this year, tax officials said.

GST collection hits Rs 95,610 crore in June

GST revenue mop-up rose to Rs 95,610 crore in June from Rs 94,016 crore in the previous month.

2 July 2018 1:10 AM IST

A senior KSRTC officer said, When fuel prices were hiked, we assumed they would drop but now, our fuel expenditure has risen. (Representational Image)

Telangana reluctant to include fuel, liquor

VAT revenues from liquor, petrol and diesel sales contribute 46 per cent to Telangana state's total revenues.

1 July 2018 3:42 AM IST

The revenue loss to states on account of GST implementation was Rs 24,500 crore between July-October and the Centre has released compensation to make up for it.

GST marks federal nature of Indian Constitution

The powers of the Centre and the states were clearly demarcated.

1 July 2018 3:36 AM IST

Taxpayers who could not submit transitional credit form Tran-1 on the GSTN portal due to technical glitches now has time till April 30 to complete the process, the finance ministry said on Wednesday.

Consumption-led states get an advantage

The place of supply of services is generally governed by where the service recipient is located.

1 July 2018 3:33 AM IST

IDBI shares fell as much as 3.5 per cent to 73.6 rupees.

Sriram takes charge as MD and CEO of IDBI Bank

Sriram was appointed MD and CEO in place of Mahesh Kumar Jain who recently took charge as deputy governor of RBI.

30 Jun 2018 6:54 PM IST