A bank spokesperson told ThePrint 'certain discrepancies' have been identified that may affect both bank & Panchkula municipal corporation. 'They are currently under examination'.
Fraudsters allegedly opened shadow accounts using Panchkula municipal corporation documents, routed funds out while sending fake renewal papers to assure officials.
Hindenburg issued a response to a show-cause notice from India’s market regulator. Both documents contain new findings on several aspects of the short-seller’s Jan 2023 report on Adani Group.
RBI Wednesday banned Kotak Mahindra Bank from taking on new customers through digital channels & from issuing new credit cards. Violations had to do with strength of bank’s IT infra.
The private lender's shares tumbled to be top Nifty 50 loser after India's central bank barred it from taking on new customers through online and mobile banking channels.
Grover is locked in battle with fintech firm’s board as he faces allegations of financial fraud & misbehaviour that industry insiders attribute to ‘God Syndrome’ from his own success.
A cricket ball that hit Uday Kotak in the head & led to an emergency surgery pushed him to abandon dream of becoming a professional player and get into finance.
The combination would boost its assets to Rs 7 lakh crore and cement Kotak’s position as India’s fourth-largest private bank, closing the gap with Axis Bank Ltd.
The current Iran war has laid bare a fundamental reality: 20 per cent of global energy trade cannot afford to rely on a single artery, no matter how resilient and cost-effective.
Regulator seeks feedback on allowing firms to repurchase shares via exchanges after tax changes, as markets reel from war-led selloff and foreign outflows.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
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