The CBI has registered three separate cases of banking fraud against three Mumbai-based companies for an alleged banking fraud that caused a cumulative loss of over Rs 1.37 billion to State Bank of India, officials said here today. One of the cases is against Topworth Pipes and Tubes Pvt. Ltd, its Directors Abhay Narendra Lodha, […]
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Money parked by Indians in Swiss banks rose over 50 percent to CHF 1.01 billion (Rs 7,000 crore) in 2017, reversing a three-year downward trend amid India’s clampdown on suspected black money stashed there.
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With GST rollout looking unavoidable from July 1 after the Lok Sabha’s endorsement, the Center and states will tomorrow sit together to settle tenets and controls of the new roundabout assessment administration.
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RBI (Reserve Bank of India) in its 6th bi-monthly policy statement for the year on 8th February, 2017, may have to hold back the repo rate cut until something emerges out of the remonetisation exercise. All credit goes to demonetisation because of which banks have sufficient funds and rate cut may not lead to good […]
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