Banks general
Banks open over 18 million new savings accounts under Jan-Dhan Yojna
30 Aug 2014
In the three days of its launch, banks have opened 1,84,68,000 new saving accounts in over 70,000 camps held across the country under the Pradhan Mantri Jan-Dhan Yojana
Modi launches `Jan Dhan Yojana’ with 15 million new bank accounts
28 Aug 2014
For those opening bank accounts before 26 January 2015, the PMJDY offers other benefits, including a RuPay debit card, Rs1 lakh accident insurance cover and an additional Rs30,000 life insurance cover, besides a Rs5,000 overdraft facility
Dena Bank, OBC branches in Mumbai under probe over FD fraud
20 Aug 2014
Close on the heels of the Syndicate Bank scam, the finance ministry has now ordered a forensic audit at two Mumbai branches of state-run Dena Bank and Oriental Bank of Commerce over misappropriation of FDs of a total Rs436 crore
NPAs by top defaulters like Kingfisher under deep scanner
16 Aug 2014
The top 50 cases of non-performing assets in the banking sector are being closely monitored by both the finance ministry and the banks that have suffered the defaults from the corporate houses
RBI’s annual surplus transfer to govt up 60% at Rs52,679 crore
11 Aug 2014
RBI had transferred Rs33,010 crore to the government for the year ended 30 June 2013
RBI recasts select farm loans in Telengana, AP
09 Aug 2014
Syndicate Bank case puts Bhushan Steel’s Rs40,000 cr debt to 51 lenders at risk
09 Aug 2014
Bhushan Steel's creditor banks plan to hire a management agency to look after the day-to-day operations of the company
BofA close to $16-bn settlement with US regulators
08 Aug 2014
If finalised, the defrayal, will be the single largest settlement with the US government in the history of corporate America
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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