Despite sensational evidence against the rail minister, Congress continues to back him. Congress leader Digvijay Singh comes to the defence of rail minister PK Bansal. He says if any relative of the minister takes advantage of his position, the minister can no...
The channel exposes details of Bansal's family fortunes. It tracks the sordid trail of self interest and nepotism. The report reveals how the rail minister PK Bansal's nephew was made part of a PSU-private bank joint venture board and how Bansal's CA was made ...
The channel exposes details of rail minister PK Bansal's family fortunes. It tracks the sordid trail of self interest and nepotism. Bansal's son's company had the minister's auditor as director. The minister's CA Sunil Gupta is the auditor of three Bansal comp...
After tabling the ambitious Food Security Bill in Parliament yesterday, the government is getting ready to get it passed in the Lok Sabha today. The Opposition has hit back at the Centre, saying that they will not allow the Bill to be passed without a proper d...
Even as the US markets open to flat trade, the New York Attorney General's office has said that it plans to sue Wells Fargo and Bank of America over their mortgage practices. Eric Schneiderman's office said the lawsuit would be taken up for repeated violations...
As the lenders tighten the noose around the beleaguered Kingfisher Airlines, the consortium of banks, led by the SBI says Rs 1,000 crore have been recovered by selling the assets of the Vijay Mallya-owned airlines.
Online portal Cobrapost has come out with another sting, this time targeting the public sector banks and leading insurance firms, which includes the State Bank of India as well as Life Insurance Corporation of India. Twenty three of India's leading financial i...
The European Central Bank has cut interest rates to a record low of 0.5 per cent. This in a bid to boost the Eurozone's flailing economies. In fact, ECB president has pledged even further reductions.
The European Central Bank slashed its benchmark interest rate by 25 basis points to an all-time low of 0.5 per cent. The rate cut was expected but boosted the Euro currency against the US dollar.
Net profit of State Bank of Travancore rose 8.46 per cent to Rs 165.98 crore in the quarter ended March 2013 as against Rs 153.04 crore during the previous quarter ended March 2012. Total Operating Income rose 21.12 per cent to Rs 2308.89 crore in the quarter ...
The government has decided that from October 1 the Aadhaar card will be linked to a person's gas connection. They government has also said that the people who do not have an Aadhar card will not receive the subsidy on their gas cylinders.
Following the fire in a high-rise building in Sulur, near Coimbatore, that killed four and injured several others, the police begin their investigations. Two have been arrested in connection with the fire and are being questioned. It is alleged that there was ...
A fire in a high-rise building in Sulur, near Coimbatore, kills four and injures several others. The building also houses the Axis Bank office and initial reports suggest that a short circuit could have been the reason behind the fire. Fire tenders have been p...
Fire in a high rise at Sulur in Coimbatore kills four and injures 13. Axis Bank branch was on the third floor of the buliding and there were no emergency exits.
A fire in a high-rise building in Sulur, near Coimbatore, kills four and injures several others. The building also houses the Axis Bank office and initial reports suggest that a short circuit could have been the reason behind the fire. Fire tenders have been p...
India has become the largest recipient of global remittances, as the flow of money to developing countries has more than quadrupled since 2000, according to the World Bank report. The World Bank's latest Migration and Development Brief revealed that India rece...
The Reserve Bank of India (RBI) has decided to impose a penalty of Rs 1 crore on banks if they breach a single norm. If more than one norm is breached, then the fine will be multiples of Rs 1 crore. Earlier, the fine was Rs 5 lakh for a single violation.
SNC-Lavalin and companies associated with it have been blacklisted by World Bank for the next ten years. This is the first time that the World Bank is debarring a company for such a long period of time.
An ex-Dena Bank employee and his wife were found found brutally murdered in Lucknow on April 14. The bodies of the 61-year-old Rakesh Narayan Mehra an his wife, the 59-year-old Lata, were found in pools of blood when police broke into the house. Mehra had reti...
An elderly couple was found brutally murdered in Gomtinagar in the state capital late Sunday. The bodies of the 61-year-old Rakesh Narayan Mehra an his wife, the 59-year-old Lata, were found in pools of blood when police broke into the house. The police were a...
European Union bloc's finance ministers met today to push out the contentious Cyprus bailout deal, after it was revealed that the island country will now have to furbish 6 billion euros more than the originally decided amount a few weeks ago. The bailout cost ...
An employee at a cooperative bank in Ramanathapuram dupes her customers of several sovereigns of gold before disappearing. Kavitha was a contractual employee who promised the villagers of a low interest gold loan and urged them to deposit their gold with her. ...
Bank of America is bringing live video conferencing to its ATMs, which will allow customers to speak with tellers beyond normal business hours and conduct advanced transactions normally not possible from the cash machines.
Street protests and hunger strikes in Israeli jails intensify, following the death of a Palestinian inmate in Israel jail. Palestinian security prisoners announced a three-day hunger strike, while clashes broke out in West Bank city, where the prisoner, Abu Ha...
The National Thermal Power Corporation (NTPC) has signed three loan agreements aggregating to Rs 1870 crore with Punjab and Sindh Bank (Rs 570 crore), Andhra Bank (Rs 300 crore) and Canara Bank (Rs 1000 crore). The loans have been extended at the respective ba...
A man forcefully tried to enter the Reserve Bank of India building in Mumbai today. When he was stopped by guards, he fired in the air. He was carrying an air gun. He has been detained for questioning.
Achil Vandhavai | While Congress leader Beni Prasad Verma calls SP a terrorist party, the latter calls the former a drug addict. Is this mud-slinging going out of hand? Also discussed, the Kudankulam power project row, votebank politics and more.
Cypriots queued up outside banks in Cyprus, which reopened today after 12 days of lockdown. Even as President Anastasiades cut own wages by 25 per cent, Cypriots now have a daily cash withdrawal limit of 300 euros. However, the government says the banking rest...
A police sub-inspector was shot in the abdomen when he and a constable on duty last night accosted men who were trying to break and enter into a bank. The incident is from Kohir mandal in Medak district. The SI has been admitted to hospital.
Several tenth class students, taking their board exams, were in for a fix when they were asked to attend a five mark compulsory question that was incomplete. A compulsory question asked the students to fill a bank challan, but the paper failed to give the stud...
BRICS nations, Brazil, Russia, China, India and South Africa have decided on setting up a Development Bank to counter the economic crisis at the recently concluded BRICS Summit. The Development Bank, which will soon become a reality, will be parallel to the Wo...
The BRICS Summit reportedly has failed to arrive at a consensus on the setting up of BRICS Development Bank. BRICS member nations, Brazil, Russia, China, India and South Africa were divided on different issues related to the setting up of the bank and conseque...
Canara Bank chairman and managing director RK Dubey announced that bank will provide Rs 50 lakh for endosulfan victims in Kasargod to meet their medical and other expenses. At the press meet RK Dubey said bank has come up with this proposal based on Chief Mini...
At the fifth BRICS summit, emerging economic powers China and Brazil agree upon a deal, under which they will trade up to $30 billion in each other's currencies in commercial dealings. Also agreed upon, in principle is the setting up of a new BRICS developmen...
Cyprus capital Nicosia witnesses another day of protests, as Cyprus national bank strikes a deal with the EU and IMF. Cypriots says that the bankruptcy filed by the country, which will make the citizens lose up to 80 per cent of their savings, is a form of leg...
A Syndicate Bank branch in Nellore's Sitaramapuram had several defaulters, where the loan money totalled crores of rupees. An inquiry revealed that farmers in whose names loans had been taken claim they lent their names and presented fake land documents as sur...
Finance Ministers of Brazil, Russia, India, China and South Africa will decide up on the setting up of BRICS developmental bank at the BRICS Summit which will conclude today.
The BRICS nations; Brazil, Russia, India, China and South Africa have agreed upon setting up of the developmental bank. Finance Ministers of the five member nations had held a meet regarding the issue yesterday. The BRICS nations have decided to collect Rs.5,0...
A man, who kept an eye on customers arriving at ATM centres and duped several people by misusing the information they shared with him, has been arrested. The man used to come forward to help unsuspecting customers withdraw money and then con them out of the mo...
While a financial catastrophe has been averted in Cyprus, the residents are still feeling the pinch and are still finding it hard to draw money as all banks are shuttered till Thursday.
One of the major agendas which will be discussed in the BRICS meet in Durban is the setting up of a BRICS bank to counter the economic crisis faced by BRICS member nations India , China, Russia, Brazil and South Africa.
An elderly customer walks out from a bank carrying nearly Rs 19 lakhs in cash in a bag. He is followed by two men. Just as the elderly customer reaches to open the door of his car, one of them snatches his bag and runs away. All this action is fortunately capt...
The State Corporation Bank is planning to legally attach the CPI(M)-controlled Rubco building in Kannur. The move comes after Rubco failed to pay back the loan amount of Rs 35 crore. The officials have served the notice to Rubco earlier in January 2013.
The Reserve Bank of India (RBI) reduces its repo rate by 0.25 percent. With the reduction of the rates, the private banks might reduce the rates for home as well as car loans.
The Reserve Bank of India (RBI) reduces its repo rate by 0.25 percent. The repo rate is the rate at which the RBI gives private banks loans. With the reduction of the rates, the private banks might reduce the rates for home as well as car loans.
All banks have their eyes on the Reserve Bank of India (RBI), as it will announce its new credit policy today. The interest rates are likely to be reduced by 0.25 percent. This reduction in interest rates will put a smile on the faces of people opting for home...
Reserve Bank of India's (RBI) policy meet is expected to take place in Mumbai on March 19, 2013. The RBI is widely expected to cut the repo rate by 25 basis points, for the second time in 2013, as pressure mounts on it to support the struggling economy. RBI re...
Centrestage | Cobrapost reveals that the blue chip banks like Axis bank, HDFC bank and ICICI bank of India are brazenly involved in making black money to white. RBI sources reveal that a showcause notice has been sent to these banks. Cobrapost journalist Aniru...
Staff at India's top three banks were more than eager to convert black money to white using various loopholes in banking laws. A sting operation by an online magazine has exposed India's top three banks, whose staff on hidden camera are seen offering services ...
In the wake of a sting operation that reveals money laundering taking place in three renowned private banks across the country, the Reserve Bank of India has issued a show-cause notice to HDFC, ICICI and Axis banks. According to the exposé, blatant violations...
In the shocking sting operation by Cobrapost, ICICI has been named as one of the three private banks which are involved in large scale money laundering and black money conversion scams. Called Operation Red Spider, the sting has nailed the nation's largest pri...
A sting operation conducted by Cobrapost journalist, Aniruddha Bahal exposes the connection of private banks and money laundering. He alleges that three top private banks are involved in converting black money into white by opening fake accounts and sending mo...
Any blood that is stored for more than six weeks at blood banks is not worth transmitting to a patient who needs it. This information has come from researchers at an American university. What is the difference between fresh blood and blood that is stored even ...
Australia's central bank confirmed that it had been targeted by cyber attacks and that no data had been lost or systems compromised The Bank said that the attack had been with some reportedly infected by Chinese-developed malware searching for sensitive inform...
The Kerala police have formed a massive team to gather details on rape convict Bitti Mohanty. He will be taken to Rajasthan today by train. Mohanty had been living in Kerala as Raghav Rajan and had secured a job in a bank.
A high-level meeting of the Kerala police is on to discuss the legal formalities in dealing with the Bitti Mohanti case. A team of Rajasthan police is also expected to arrive in Kannur today to identify Bitti Mohanty.
Bitti Mohanty, son of a former Odisha DGP and a convicted rapist, has been nabbed in Kerala where he was working in Pazhayangadi branch of State Bank of Travancore in Kannur, impersonating a resident of Andhra Pradesh, Raghav Rajan. Although he has admitted th...
Law has finally caught up with Bitti Mohanty, son of a former Odisha DGP and a convicted rapist. Mohanty, who was working in Pazhayangadi branch of State Bank of Travancore in Kannur, impersonating a resident of Andhra Pradesh, Raghav Rajan, was arrested follo...
Bitti Mohanty, son of a former Odisha DGP and a convicted rapist, has been sent to 14 days judicial custody. Mohanty, who was working in Pazhayangadi branch of State Bank of Travancore in Kannur, impersonating a resident of Andhra Pradesh, Raghav Rajan, was ar...
While Rajasthan Police is on its way to Kerala after confirming that the man arrested from Kannur, Kerala is Bitti Mohanty, son of a former Odisha DGP and a convicted rapist, Kerala Police refuses to confirm his identity. According to the Kerala Police, the ma...
Bitti Mohanty, who was convicted for the rape of 26-year-old German national but let out on parole and went missing after that, was finally arrested from Kannur, Kerala. He was working as a person named Raghav Rajan at the State Bank of Travancore branch in Ka...
Indian stock market looks upbeat as Nifty and Sensex closed on the previous day on a bulls rally. The big question for today, however, would be whether the Sensex and Nifty sustain this pace of gains. Also featuring in this segment of Trading Calls is European...
UAE has emerged as the fifth safest place in the Arab world for starting investment projects given its smooth procedures, according to the World Bank. The report showed Egypt was ranked second in the Arab world by ease of starting business, followed by Morocco...
A State Bank of India branch in Pune caught fire in the early hours of the morning. Four fire brigade engines were rushed to the spot, but by the time the fire was brought under control, much of the bank was burnt down. Bank officials have said that the locker...
The biggest branch of State Bank of India in Pune caught fire at 4.30 AM and eight fire engines were rushed to the spot to bring the fire under control. According to the bank officials the locker room was safe and only computers were damaged in the fire. Short...
Switzerland's top policy making body proposes new rules for ensuring that black money does not get stashed in its banks. Switzerland’s Federal Council proposed these rules in the event of India and several other countries demanding details of bank accounts a...
In the DCCB elections in Guntur, local YSR Congress leaders voted for the Congress. These leaders said they were not aware that their party is boycotting the DCCB elections and hence they decided to cast votes to the Congress leaders they preferred. But presid...
Tv9 exposes how many blood banks in Hyderabad are selling blood bottles and blood bags across the counter, which is clearly illegal, since blood cannot be sold. But more importantly, the issue is the sale of improper blood components or of improper handling of...
The staff of India Infoline Finance Limited or IIFL at Anantapur are absconding with the gold and jewellery that many gold loan borrowers had deposited with them. The finance company had managed to attract many customers by advertising easy terms for securing ...
Blood that you buy illegally from blood banks could actually cause more harm to the patient. Tv9 exposes how a few blood banks in Hyderabad are selling blood bottles and blood bags across the counter, that is clearly illegal, since blood cannot be sold. But mo...
In this part of Finance Minister P Chidambaram's Budget 2013 speech, he speaks on funds allocation for rural and urban housing sector, for the national housing bank, reforms in the insurance sector and regulations for insurance companies wanting to open branch...
In this part of Finance Minister P Chidambaram's Budget 2013 speech, he speaks on funds allocation for finance sector reforms, tax reforms, SIDBI, funds for NABARD, infrastructure for northeastern states and the warehousing sector.
State Bank of India (SBI) has increased the interest rate on fixed deposits by 0.25 per cent on select maturities. Of the total 9 maturity periods for fixed deposits, rates have been revised upwards in 4 categories with maturities of over one year. The new rat...
As part of its plan to wind down its retail and commercial operations in India, the Royal Bank of Scotland (RBS) is planning to lay off staff in the country. The bank did not disclose how many jobs would be lost. The winding down comes two months after it fail...
Congress partymen Veera Reddy and Ravinder Rao are elected as the chairman and vice-chairman of the Andhra Pradesh State Cooperative Bank Limited. The two will rotate their posts after two years. Veera Reddy is the Mahabubnagar DCC bank chairman, while K Ravin...
Mahabubnagar DCCB chairman Veera Reddy will share with K Ravinder Rao of Karimnagar DCCB the total term of the Andhra Pradesh State Cooperative Bank Limited (APCOB) chairmanship. After two years at the helm, Veera Reddy will hand over the baton to Ravinder Rao...
Israel arrests a popular Palestinian cartoonist, Mohammad Sabaaneh, for his cartoon supporting prisoners in Israeli jails. Sabaaneh, a cartoonist for Al Hayat al Jadeed newspaper, was arrested at the Allenby Bridge, crossing from Jordan into the Israeli-occupi...
Palestinians are demanding a probe into the death of a Palestinian prisoner in an Israeli jail. It is said that he died of a heart attack, but it is also alleged that he was being interrogated at the time. The incident follows a week of unrest as West Bank res...
The Reserve Bank of India (RBI) after several years of debating, finally issues the final guidelines for licensing of new private sector banks. Under these guidelines, private and public sector entities will be eligible to set up a bank through a non-operative...
A chappal was thrown on the car of Kamalapur MLA Vira Siva Reddy who had come to oversee the DCCB elections in Kadapa. The angry MLA then got out of his car, pushed aside media cameras, and gestured angrily at what he thought were YSR Congress party men. The Y...
Germany, Europe’s biggest economy, will avoid the recession that has engulfed many of its partners in the region and return to growth in the first quarter of 2013, the German central bank, Bundesbank, said in a report. For the rest of this year, the economy ...
Clues relating to the cash trail link to the Tyagis on the chopper scam have been revealed. The trail made to Lugano bank has led to the Tyagis, which is supposed to be Julie Tyagi's Swiss link. Haschke has revealed that he did not have direct links to any ban...
The Congress has managed to capture a majority of the district central cooperative banks. Elections to the four DCCBs were postponed. The YSRCP and the TPD have gained one victory each in Kadapa and Khammam respectively. In Warangal, the rebel candidate won ag...
Farmers who send their sugarcane crops to the NCS sugar factory in Vizianagaram are facing a situation where they have been slapped with notices by banks who had given loans to the factory. The farmers say the management has diverted the money taken from the b...
Farmers in Bobbili mandal of Vizianagaram are facing a double whammy. On the one hand the NCA sugar factory nearby is refusing to accept fresh sugarcane crop for crushing and hence the crop is drying in the farms, on the other hand the banks have issued notice...
They did not take loans but were slapped with notices claiming they have to repay loans to the tune of 70 crores. The farmers who were supplying sugarcane to the NCS sugar factory in Vizianagaram are stunned and have asked the management to come clear. The wor...
Telugu Desam and Congress party workers clashed in Kakinada East Godavari district during the polling for the chairman of the district central cooperative bank elections. Two Congress ministers set up camp very near to the polling booth, leading to the charges...
In the wake of intensifying economic woes around the world, economic ministers and financial heads of the central banks from Group of 20 countries will meet today in Moscow. While Russia sees it as a launchpad to the G20 summit to be held in September 2013, th...
Minister for Tourism AP Anil Kumar distributes the Grand Kerala Shopping Festival prices for the winners at an event held at Mascot Hotel in Thiruvananthapuram. GKSF director UV Joseph, Tourism Suman Billa and South Indian Bank DGM NJ Reddy were also present a...
A morning wrap of all the political, crime, sports news stories that made headlines across the nation. The latest on AgustaWestland Helicopter scam, AK Antony on the scam, SEBI freezes two of Subrata Roy bank accounts, fallout of Afzal Guru's hanging are today...
Rising for the fourth consecutive month, retail inflation remained in double digits at 10.79 per cent in January, driven by higher prices of vegetables, edible oil, cereals and protein-based items. The retail inflation had stood at 10.56 per cent in December, ...
In a clean sweep victory, the UDF won all 21 seats in the Kozhikode district co-operative banks elections. The UDF takes over the administration of the board from LDF after a gap of four decades. The UDF leaders claim they won as they succeeded in overcoming t...
The Kannur and Kasargod district cooperative banks elections have brought a sweeping victory for the UDF. The UDF has won all 21 seats in Kannur, overcoming LDF attempts to sabotage the election. The UDF has also won 12 seats in Kasargod district. However, the...