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In its first board meeting after a controversy erupted involving Chanda Kochhar and the Videocon Group, leading private lender ICICI Bank examined insolvency cases pending before the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016.

ICICI Bank yet to answer Sebi on queries relating to Chanda Kochhar

The private bank is facing multiple probes into alleged lapses involving Kochhar and her family members.

22 Jun 2018 12:10 PM IST

US President Donald Trump.

India hikes import duty on US goods

Sources said the duty hike by India would have equivalent tariff implications for the United States.

22 Jun 2018 12:50 AM IST

Global ratings agency Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank, amid allegations of impropriety against its MD and Chief Executive Officer Chanda Kochhar.

ICICI Bank may appoint MD Mallya as its new chairman, says report

MD Mallya served as the chairman of Bank of Baroda before joining the ICICI Bank board as an independent director.

21 Jun 2018 12:47 PM IST

The police arrested chief executive and an executive director of state-run Bank of Maharashtra on Wednesday, accusing them of misusing their authority in making loans to a property developer.

Police arrests CEO, director of Bank of Maharashtra over loan frauds

State-run banks have reported 8,670 cases of fraudulent loans totalling 612.6 billion rupees over five financial years.

21 Jun 2018 11:15 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.

Lapses at many levels of bank led to huge PNB fraud, says report

The bank's CEO Sunil Mehta told in April he had suspended 21 officials and â€œwill not spareâ€ others found involved in...

20 Jun 2018 11:03 AM IST

ICICI Bank MD and CEO Chanda Kochhar has pulled out of the annual session of FICCI Ladies Organisation (FLO).

ICICI Bank names Bakhshi interim head as CEO Chanda Kochhar goes on...

Bakhshi will report to the bank's board during the period of Kochhar's leave.

19 Jun 2018 11:09 AM IST

In its first board meeting after a controversy erupted involving Chanda Kochhar and the Videocon Group, leading private lender ICICI Bank examined insolvency cases pending before the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016.

ICICI Bank Board to decide its CEO Chanda Kochhar's fate today

ICICI Bank shares gained 3.95 per cent on Monday.

18 Jun 2018 3:35 PM IST

The income tax department and the ministry of corporate affairs (MCA) have signed a pact to regularly share data, including PAN and audit reports of firms. (Representational Image)

States collect Rs 10,000 cr taxes online post e-governance initiatives

More than 19-crore vehicles and 10-crore driving licence records have come under the national register.

18 Jun 2018 11:43 AM IST

The rating agency noted that losses were reported at 19 of the 21 state banks in FY18, including State Bank of India (SBI), while earnings at the large private banks also came under significant pressure, with Axis Bank reporting its first-ever quarterly loss.

NPA write-offs by public sector banks surge 140 pc over their losses

The recent tight prudential norms released by RBI on February 12 have added to the NPA woes.

15 Jun 2018 5:14 PM IST

The Reserve Bank of India (RBI) late on Monday dropped Axis Bank from a list of banks it has cleared to import gold and silver in the current financial year that began April 1.

ICICI, Axis have gaps in their risk control mechanism, says Fitch

It can be noted that both the private sector lenders have had a tumultuous time in the past few months.

15 Jun 2018 4:49 PM IST

Maharashtra Chief Minister Devendra Fadnavis. (Photo: PTI)

Want to make Mumbai fintech hub: Maharashtra CM Fadnavis

According to estimates, more than 20 mn infra projects on the anvil in the country, 51 pc are in Maharashtra.

14 Jun 2018 1:14 PM IST

The hardening of the WPI index follows an uptick in retail inflation, announced on Tuesday, which hit a 22-month high of 5.77 per cent in June.

WPI inflation rises to 14 month high of 4.43 pc in May on costlier...

WPI inflation for March was revised upwards to 2.74 per cent from the provisional estimate of 2.47 per cent.

14 Jun 2018 12:34 PM IST