Scams

Govt says not considering giving more powers to RBI to deal with state-owned banks

The powers of the RBI are wide-ranging and comprehensive to deal with various situations that may emerge in all banks, including public sector banks (PSBs), said Minister of State for Finance Shiv Pratap Shukla in the Rajya Sabha

Bad loans mess: Forensic audits at PSBs are a good start, but structural reforms are the need of the hour

Forensic audits of PSB loan accounts will be useful only if learnings are used to frame better policies and implement substantial structural reforms.

ICICI-Videocon loan controversy: Only a thorough probe can reveal details of the case, says Naresh Malhotra

Bank scams have shaken the public's faith in the banking system to an extent, and investigations into these scams should not take the shape of a witch-hunt.

The great Indian banking circus: A guide on how to use the Aam Aadmi and Mr Fraud counters

The common man’s role in this saga is to pay taxes on time to help refuel banks, so that lenders don’t run out of funds to feed Mr Fraud.

3 years of Narendra Modi govt: Not a single scam has surfaced till now, says Prakash Javadekar

Union minister Prakash on Friday lauded the achievements of the Modi government, saying no scam or corruption case has surfaced in past three years

Ponzi scheme: Sebi to auction MPS' properties to recover investors’ money

Sebi will auction 14 properties of MPS Greenery Developers next month at a total reserve price of over Rs54 crore

Telecom regulator and Central Bank join forces in Thailand to boost cyber security

Thailand's telecoms regulator and central bank said on Friday they had agreed steps to improve cyber security for electronic transactions via mobile phones as the country pursues a goal to become a cashless society.

AgustaWestland scam: ED seeks financial details of 10 officials

ED has sought information from the Defence Ministry, IT department and FIU to share details about officials suspected in the AgustaWestland scam.

AgustaWestland case: Don't hold your breath, middlemen are here to stay

The fact that India cancelled the deal for the 12 VVIP AgustaWestland choppers (even though three were sent over for testing) robs the whole scandal of its sting

BJP president Amit Shah hits out at Cong, accuses UPA of plundering Rs 10 lakh cr in scams

Hitting out at Congress, BJP President Amit Shah on Tuesday accused the preceding UPA government of plundering the country through scams while asserting that the Narendra Modi government had mobilised huge revenues during its one-year rule.