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Tax Havens and Banks

Public Sector Banks, With Growing NPAs, Are Also Among Leading Govt Bodies In Rejecting RTI Pleas

Apr 19, 2018 Outlook Web Bureau

The CIC data shows that the State Bank of Hyderabad (now part of SBI) rejected a record 71 per cent of the RTI pleas it received in 2016-17 and the Oriental Bank of Commerce declined every second plea recording a 50 per cent rejection rate.


Why Are ATMs Running Dry Again, A Year And Half After Demonetization?

The shortage of currency has spread to states like Maharashtra, Bihar and Gujarat, despite the currency in circulation crossing the pre-demonetisation level.

New Banks Board Bureau Member’s Last Job Was With Rajiv Kochhar’s Advisory, Which Is Under CBI Scanner

Apr 13, 2018 Outlook Web Bureau

P Pradeep Kumar confirmed that he worked with Kochhar's Avista Adivisory till earlier this week.


Maximum Corruption Complaints Received Against Railways, Banks: CVC Report

In its annual report for 2017 tabled in Parliament recently, the watchdog said it received a total of 23,609 complaints last year -- the lowest since 2011 -- as against 49,847 in 2016

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31 March, 2018

Videocon-ICICI Loan: CBI Initiates Preliminary Inquiry Against Bank CEO's Husband Deepak Kochhar

Outlook Web Bureau

The RBI imposed monetary penalty worth Rs. 58.9 crore on ICICI, for failing to abide by rules on the sale of bonds.


30 March, 2018

Navjot Singh Sidhu's Bank Accounts Seized Over Non-Payment Of Taxes

Outlook Web Bureau

The IT department noted that Sidhu had failed to provide documentary evidence, such as bills or invoices in support of his claim


22 March, 2018

CBI Registers FIR In Rs 824 Cr 'Loan Fraud' By Kanishk Gold, Carries Out Searches

Outlook Web Bureau

The agency has booked the company Kanishk Gold Pvt Ltd, its promoter Director Bhoopesh Kumar Jain, Director Neeta Jain, Tejraj Achha, Ajay Kumar Jain and Sumit Kedia besides unidentified public servants.


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14 March, 2018

SBI Shuts As Many As 41.16 Lakh Saving Accounts For not Maintaining Minimum Monthly Balance

Outlook Web Bureau

Notably, the bank had yesterday announced a steep 75 per cent reduction in penalty for non-maintenance of monthly average balance


13 March, 2018

SBI Reduces Charges On Non-Maintenance Of Monthly Balance By Up to 75 Per Cent

Outlook Web Bureau

The revision will benefit 25 crore bank customers.


11 March, 2018

State-Owned Lenders SBI, UCO Bank Look For Buyers To Sell NPAs Worth Rs 1200 Crore

Outlook Web Bureau

The gross non-performing assets (NPAs) of all the banks in the country amounted to Rs 8.41 lakh crore at end-December, bulk of which is in the books of public sector banks (PSBs).


10 March, 2018

Govt's Preventive Step Post PNB Scam, Makes Passport Details Must For Loans Above Rs 50 Crore

Outlook Web Bureau

Passport details will help banks to take timely action and inform the relevant authorities to prevent fraudsters from fleeing the country.



26 February, 2018

CBI Books 13, Including Punjab CM's Son-In-Law, In Loan Default Case

Outlook Web Bureau

Search was being conducted on Sunday at eight premises


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23 February, 2018

An Idea To Halt Scams: Turn PSU Banks Into Deposit-Only Franchise And Let Private Banks Lend Money

Kumar Shankar Roy

Privatising or selling off India's PSU bank jewels may be a lucrative idea for a government that wants quick-fixes, but it is not really so.


Photo Gallery

A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.

PTI Photo

Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.

PTI Photo

A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.

PTI Photo

Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan

The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan
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Short Story

‘Laab’ In The Mountains

He would take his colour, brushes and canvas outside to paint and talk with his love. He would stand close to the window and paint, keeping an eye on his muse.

Graphic Novel

Play Us A Memory, Violin Man

They say the violin mimics the human sound. In his case, it was that of love, of longing. He didn’t know any other way of loving.

Chinki Sinha
Play Us A Memory, Violin Man

Fact-Check

It’s Just Numbers, Love

Younger people do not have much progressive beliefs; a 2017 survey found that one-third of young people opposed inter-caste marriage.

Rukmini S.
It’s Just Numbers, Love

Opinion

The Future of Universities: Can India Overcome The Digital Divide?

The pandemic has made it clear that virtual learning is here to stay. In the West, the big question is whether it will dilute the quality of the college experience and education. In India, which grapples with digital divide, the question remains whether this will reach most people at all.

Jan 15, 2022 Saikat Majumdar

Super Immunity, Natural Vaccines, Covid Gods: A Desi Guide To Denying The Pandemic

Even after two years of the Covid-19 pandemic, many 'informed' individuals in India continue to deny the virus with unscientific claims and unfounded data. The latest? Omicron will end the pandemic.

Jan 08, 2022 Rakhi Bose

What Is The Future Of The Liberal Arts In Asia?

Across Asia there are deeply entrenched obstacles to a mode of higher education that is liberal in multiple senses – disciplinary and epistemological but also social and political.

Jan 01, 2022 Saikat Majumdar

Nagaland To Lakhimpur Kheri: Rights, Regimes And Restitutions in Times Of Turbulence

The two incidents in the recent past, one in Mon district of Nagaland and the other at Lakhimpur Kheri in Uttar Pradesh, undermined the core principles democracy and federalism.

Dec 28, 2021 Tanvir Aeijaz