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 |  6-minute read
FBI, Donald Trump, James Comey, Banking Fraud

Why James Comey's memoir is as much about US mafia as it is about Indian banking system

The banking sector is India's single-biggest source of corruption running the black money market.


 |  4-minute read
Banking Fraud, Atms, Narendra Modi, Demonetisation

ATMs are drying and the cash has gone, but why the crunch?

This lack of clarity is fuelling anxieties of the people.


 |  4-minute read
Loan write-off, Loan default, Banking Fraud, Public sector banks

What poor recovery rate of NPAs says about public sector banks

An 80-90 per cent deficit in the recovery of bad loans for four years straight highlights connivance between banks and some 'preferred customers'.


 |  3-minute read
NPAs, Vijay Mallya, Mehul Choksi, Nirav Modi

What India can do to fix its crumbling banking sector

Businessmen can get away by declaring bankruptcy which leads to job losses for many people and an indirect financial burden on common masses.


 |  2-minute read
Banking Fraud, Loan defaulters, Mehul Choksi, Nirav Modi

PNB fraud: Why seeking passport details for loans above Rs 50 crore won't help

The finance ministry should ensure that smaller frauds too are detected to make the banking system secure.


 |  5-minute read
Banking Fraud, Mehul Choksi, PNB scam, Nirav Modi fraud

Modi government must accept blame for Nirav-Choksi bank scam

It's no longer enough to blame corrupt UPA-era holdovers or the Lutyens' ecosystem for today's frauds.


 |  4-minute read
Banking Fraud, Narendra Modi, PNB scam, Nirav Modi fraud

I feel betrayed by Modi for letting Vijay Mallya and Nirav Modi get away

PM's tears for the farmers now increasingly seem disingenuous.


 |  4-minute read
Loan default, Banking Fraud, SWIFT, PNB fraud

How to avoid another loot like Punjab National Bank fraud

SWIFT must be linked to the core banking system so that scam don't go undetected for long.


 |  Good News Diary  |  2.22 minutes watch-minute read
CBI, CBI, Banking Fraud, NPAs

Who are the PNB officials who colluded with Nirav Modi in the Rs 11,000 crore fraud?

The CBI FIR names two junior bank officials who fraudulently issued Letters of Undertaking.


 |  3-minute read
CBI, Banking Fraud, Punjab National Bank, Nirav Modi

How Nirav Modi used 'inter-bank' mode to defraud Punjab National Bank of Rs 11,300 crore

When it comes to stealing from the banks, nothing seems to have changed since the era of Ketan Parekh and Harshad Mehta.