Karnataka govt feels it was 'forced' to close accounts with SBI & PNB after both public sector banks took 'dry stand' over request to return money entangled in fraud, it is learnt.
In ‘Corporate Frauds’, Robin Banerjee writes about the Bank of Credit and Commerce International, which had accounts of Jimmy Carter, James Callaghan, Saddam Hussein, and arms traders.
Chandigarh-based cybersecurity firm CyberX9 said a vulnerable PNB internal server could have allowed in a hacker, and the bank fixed problem months after patch was available.
The bank in July had filed multiple applications seeking the release of properties mortgaged with PNB against credit facilities extended to two of Nirav Modi's firms.
CBI also booked the company's directors for misappropriating the loan amount given to them by the bank 'with an ulterior motive to embezzle the public money'.
Gurugram has a problem of structural abandonment, whether you’re a domestic worker speaking an alien language, or the much-celebrated CEO of the new hot startup.
In the latest budget, the FDI limit was increased to 100 percent, but most foreign companies are not buying such large stakes in the Indian insurance sector.
Modi government had also made numerous efforts to establish peace with Pakistan but has now adopted a different path, militarily, to establish peace, adds defence minister.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
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