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.
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.
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.
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.
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.
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.
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.
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.
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”.
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.
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.
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.
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.
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.
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.
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.