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Top News / The Times of India

PNB to allow only officers, not clerks, to start SWIFT message

The new measures mean only PNB officers will be able to initiate messages on SWIFT, taking away the authority of clerks to do so. Several new limits have been placed on the amount that officers can generate depending on their seniority in the bank hierarchy.

22 Feb 2018 12:53 pm
Gupta empire crumbles as Zuma exits South African presidency

The Guptas arrived in South Africa from India in the early 1990s and built up a business empire with interests ranging from mining to pay television. Their business partners included Zuma's son, Duduzane, and they employed one of his four wives.

22 Feb 2018 12:20 pm
'Why is Army chief making political comments?'

After Army chief Bipin Rawat yesterday made lengthy negative comments about the rise of a political party in Assam, another political party's leader, Asaduddin Owaisi, said it isn't the job of the Army chief to comment on political parties. Owaisi said democracies allow parties to be formed and expanded.

22 Feb 2018 9:24 am
86% bank frauds tied to loans, 99% in case of PNB

From misuse of letters of credit, guarantee or undertakings to diversion and siphoning of funds, a variety of frauds linked to advances haunt the Indian banking system, indicating a lack of hygiene and risk frameworks.

22 Feb 2018 2:23 am
Woman dies after surgery, son billed Rs 17 lakh 

The son of a 67-year-old woman has filed a police complaint against a city-based private hospital, alleging negligence in a surgery performed on her for which a final bill of Rs 17 lakh was raised. The woman died 18 days after the surgery, this January.

22 Feb 2018 2:13 am
'B'desh influx part of Pak proxy war with China aid'

A “planned” influx of people from Bangladesh into India’s north-eastern region is underway as part of a proxy war being waged by Pakistan, with support from China, to keep the area disturbed, said General Bipin Rawat.

22 Feb 2018 2:02 am
Delhi CS has injuries on his face: Medical report

Delhi chief secretary Anshu Prakash’s medical examination, conducted on Tuesday night after an FIR was registered in the case of the alleged assault on him by MLAs at the chief minister’s residence, mentions injuries on his face and elsewhere.

22 Feb 2018 1:44 am
2nd T20I: South Africa draw level in Centurion

A blistering 30-ball 69 from Heinrich Klaasen and a measured 40-ball 64* from captain JP Duminy helped South Africa hunt down 189 as they beat India by six wickets in Centurion to draw level at 1-1 in the three-match series on Wednesday night.

22 Feb 2018 1:11 am
Assured return offers to be treated as Ponzi

The proposed law to crack down on Ponzi schemes will bar real estate developers that offer fixed returns till possession as well as schemes from jewellers as the government believes that they are “unregulated deposits”.

22 Feb 2018 12:43 am
'Achhe din' on cards for Congress: Sharad Pawar

Sharad Pawar was replying to a barrage of questions posed by Maharashtra Navnirman Sena chief Raj Thackeray during a two-hour marathon public interview held in Pune. He ruled out dealings with the BJP when he said he will prefer an alliance with the Congress.

22 Feb 2018 12:25 am
PNB fraud: I-T dept attaches Nirav Modi's assets worth Rs 145 crore

The Enforcement Directorate (ED) on Wednesday continued raids for the seventh day as it visited 17 locations across the country, including four shell companies in Mumbai, even as the I-T department attached assets worth Rs 145 crore in the alleged Rs 11,400-crore Punjab National Bank (PNB) fraud.

21 Feb 2018 10:25 pm
2nd T20I live: Early jolts to India as Kohli exits

Follow all the live cricket updates from the 2nd Twenty20 International between India and South Africa in Centurion

21 Feb 2018 10:04 pm
PF deposits to fetch lower interest rate in 2017-18

The retirement fund body had sold a portion of its investments in the exchange traded funds (ETF) worth Rs 2,886 crore earlier this month.

21 Feb 2018 7:40 pm
Kamal Haasan launches his new party 'Makkal Needhi Mayyam'

Actor Kamal Haasan’s political party will be known as Makkal Needhi Mayyam (People’s Justice Centre). At a grand function at Othakadai in Madurai on Wednesday evening, which was attended by Delhi chief minister Arvind Kejriwal and others, the actor announced his party’s name.

21 Feb 2018 7:34 pm
Ishrat Jahan case: Ex-Gujarat top cop discharged

A special CBI court on Wednesday discharged former Gujarat in charge DGP PP Pandey in the 2004 alleged fake encounter of Ishrat Jahan and three others, in which he was an accused.

21 Feb 2018 4:00 pm
How Rs 11,300 crore PNB fraud went undetected for seven years

PNB alleges its former employee Gokulnath Shetty provided billionaire jeweller Nirav Modi and his associates with guarantees to obtain loans from abroad. Between 2011 and early 2017, guarantees worth Rs 6,500 crore were issued without any collateral.

21 Feb 2018 2:53 pm
Live: I am your worker, not leader, Haasan says

Actor-turned-politician Kamal Haasan began his political journey on Wednesday as he launched his party Makkal Needhi Maiam. Check all the latest updates on his political entry on The Times of India.

21 Feb 2018 8:03 am
BoB silent for 2 years, ran to CBI after PNB scam

​​The public sector bank remained silent for two years despite facing a Rs 6,172 crore forex scam in 2015 in which money was sent from India to Hong Kong for import of cashewnuts, pulses and rice, but nothing was imported and the money was deposited in 59 accounts of several firms.

21 Feb 2018 5:11 am
People living in chawls, dingy room are directors in Nakshatra, Gili India

​​The directors are actually ordinary employees and small-time retail investors who were persuaded by Gili India Ltd, Nakshatra Brand Ltd and Gitanjali Gems to serve as top company members on paper.

21 Feb 2018 4:36 am
This Indian PM took Rs 5,000 loan from PNB

A car loan of Rs 5,000 taken by former Prime Minister Lal Bahadur Shastri from the same bank (PNB) was repaid after his sudden death by widow Lalita from her pension, says son Anil Shastri.

21 Feb 2018 2:56 am
Mumbai family buys 4 flats at Rs 1.2 lakh per sq ft

The deal, made last month, works out to around Rs 1.2 lakh per sq ft (super built-up area; each flat has a carpet area of 4,500 sq ft). The tower is located close to Kilachand House, touted as Mumbai’s last standing grand palace.

21 Feb 2018 2:16 am
Class VII student threatens to rape teacher

A Class VII student of a well-known Gurgaon school threatened to rape his teacher and her daughter in an online post. The daughter studies with him in the same class. In another incident, a Class VIII student of the same school sent a mail to a teacher, asking her out for a candlelight date and sex.

21 Feb 2018 2:10 am