Banks general
Stanchart reports first annual loss in 26 years as India NPAs swell
24 Feb 2016
The impairment losses on loans in India are more than double the $611-million hit it took due to credit losses in the UK
HSBC under probe in India over tax evasion, money laundering
23 Feb 2016
The income tax department has issued notices to global banking major HSBC and has warned of prosecution against its Swiss and Dubai offices for allegedly abetting tax evasion by four Indians and their families
Global economic shifts shake down HSBC's net
22 Feb 2016
HSBC’s financial results for 2105 come after a turbulent year which saw a market rout in China and commodity prices plunge as well as tightening credit due to a US rates hike
SBI raises Rs3,000 crore through 10-year bonds
19 Feb 2016
SC asks RBI for list of banks’ NPAs over Rs500 cr
16 Feb 2016
The Supreme Court today asked the RBI to provide a list of borrowers who have defaulted on loans over Rs500 and those whose loans have been restructured under corporate debt restructuring schemes
HSBC Holdings Plc to stay in London
15 Feb 2016
Jaitley offers to empower banks to recover bad loans as NPAs mount
12 Feb 2016
The finance minister’s assurance comes after the nation’s top lender State Bank of India wrote off Rs3,697 crore and sold Rs395 crore of bad loans to asset reconstruction companies in Q3 of 20151-6
Identity theft accounts for 73% of frauds in India
11 Feb 2016
In India, identity theft accounted for 77 per cent of the fraud cases in the first quarter of 2015
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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