Banks general
Vijaya Bank, Dena Bank to function as Bank of Baroda from Monday
01 Apr 2019
Customers of Dena Bank and Vijaya Bank may get new passbooks, cheque books, debit and credit cards, and even new account numbers and customer IDs
Jet Airways defaults on $140-mn ECB loan
29 Mar 2019
Nirav Modi arrested in London on PNB fraud case
20 Mar 2019
Modi allegedly cheated Punjab National Bank through fraudulent issuance of Letters of Undertakings and Foreign Letters of Credit, thereby siphoning off funds worth Rs6,498.20 from PNB's Brady House branch in Mumbai while his uncle and aide Mehul Choksi has been accused of swindling Rs7,080.86 crore, also from PNB
Jet Airways set to finalise Rs4,000-cr financing deal: report
12 Mar 2019
Under the financing agreement, promoter group stake in Jet Airways will come down to 17 per cent from 51 per cent, while Etihad will retain 24.9 per cent stake and lenders will gain 29.5 per cent through conversion of debt and fresh equity infusion, with the remaining going to a new investor
Creditor banks hope to pilot Jet Airways with 50.1% stake
15 Feb 2019
The airline aims to increase authorised share capital to Rs2,200 crore, which would include Rs680 crore of equity capital and Rs1,520 crore of preference share capital, leaving Naresh Goyal with just 20 per cent or lesser stake
IDBI Bank to become LIC IDBI Bank or LIC Bank
05 Feb 2019
UK govt approves Vijay Mallya’s extradition, but he can appeal
05 Feb 2019
Mallya has to apply for leave to appeal in the high court within 14 days. If there is no appeal, he must be extradited within 28 days of the home secretary’s order
Millions of SBI account details leaked: report
31 Jan 2019
Chanda Kochhar disappointed, hurt, shocked by ICICI Bank decision
31 Jan 2019
The former head of ICICI Bank expressed her disappointment over its decision to treat her resignation as “termination for cause”. But an enquiry report had criticised her and even the CBI filed an FIR against her and her husband
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