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PNB scam: ED finds diamond czar Nirav Modi might have imported 10,000 watches for 'business purposes'
India

PNB scam: ED finds diamond czar Nirav Modi might have imported 10,000 watches for 'business purposes'

The imported watches were seized from the 60 plastic containers from several locations connected to diamond czar Nirav Modi

PNB Rs 11,000-cr fraud: From SBI to Allahabad Bank, the exposure top lenders have in Nirav Modi scam
Business

PNB Rs 11,000-cr fraud: From SBI to Allahabad Bank, the exposure top lenders have in Nirav Modi scam

The IndusInd Bank says it has a small exposure to Gitanjali Gems, a gems and jewellery company started by Mehul Choksi

SWIFT fiasco in PNB scam raises questions about lax banking software; are RBI and IBA to blame?
India

SWIFT fiasco in PNB scam raises questions about lax banking software; are RBI and IBA to blame?

Not just PNB but a whole slew of Indian banks seem to have either missed a few key steps in policing an important part of the system involving tens of thousands of crores in unsecured loans

PNB scam: CBI scans balance sheets of 18 Gitanjali group subsidiaries promoted by Mehul Choksi
India

PNB scam: CBI scans balance sheets of 18 Gitanjali group subsidiaries promoted by Mehul Choksi

The CBI is examining balance sheets of 18 India-based subsidiaries of the Gitanjali group of companies promoted by Mehul Choksi to understand the money trail of funds taken from various banks on the basis of Rs 11,384 crore of guarantees furnished by the Punjab National Banks, officials said on Sunday.

Union Budget 2013-14: A Story Of Odds And Ends
Biztech

Union Budget 2013-14: A Story Of Odds And Ends

With a mixed bag of hits and misses and little definitive guidance, IT buyers and provides are still left shooting in the dark. Does this ring worry bells for the sector?

Over 25% Of APAC Banks To Modernise Core Platforms By 2015: IDC
Biztech

Over 25% Of APAC Banks To Modernise Core Platforms By 2015: IDC

After lacklustre deal-making in the last few years, core banking vendor deal sheets have started to fill out with new and impending projects.

Banking Sector Transformation Driven By IT Solutions: Frost & Sullivan
Biztech

Banking Sector Transformation Driven By IT Solutions: Frost & Sullivan

The rising competition in this sector has led to further adoption of IT systems to streamline and automate banking processes, says Frost & Sullivan.

Microsoft, Temenos Join Forces To Innovate Core Banking Solns
Biztech

Microsoft, Temenos Join Forces To Innovate Core Banking Solns

The new agreement will see both parties collaborate more closely and commit technical, marketing and sales resources to bringing a joint core banking solution to market.