Gold and Political Goals

Controversy erupts over Tirupati Gold handling by Punjab National Bank Expressing shock at the lack of security for the transit BJP leader G. Bhanuprakash Reddy said it gave gives impetus to cheating and duping. The seizure became an awkward situation…

Dena Bank, Vijaya Bank merges with Bank of Baroda happen

Merger of Dena Bank, Vijaya Bank with Bank of Baroda comes into effect Bank of Baroda on Monday became India’s second largest public sector bank behind State Bank of India (SBI) following a three-way merger with Dena Bank and Vijaya…

RBI penalized PNB for lack of regulatory compliance

RBI fines PNB for deficiencies in regulatory compliance The Reserve Bank of India (RBI) has imposed a penalty of Rs 2 crore on public sector Punjab National Bank (PNB) for non-compliance of regulatory directions with regard to SWIFT operations. SWIFT…

Is Modi using Modi?

The timing arguably works in BJP’s favour to raise the sentiment of the masses ahead of the polls. Nirav Modi’s arrest is a welcome relief for a country struggling to keep tabs on economic offenders. But learning from Mallya’s arrest,  extradition…

IT Dept. to auction Nirav Modi’s 173 paintings and 11 luxury cars.

Paintings, cars of Nirav Modi to be auctioned A special court under the Prevention of Money Laundering Act (PMLA) has granted permission to the Income Tax Department (I-T) to auction the paintings and cars of Nirav Modi, the fugitive businessman…