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India’s lengthy legal processes remain a major impediment to the implementation of an effective framework for bankruptcy and resolution, says the credit rating agency

Indian banks’ operating environment stronger, but structural issues continue to affect: Fitch Ratings

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The operating environment for Indian banks has improved, says Fitch Ratings According to a recent report by Fitch Ratings, the operating environment for Indian banks...
The agency had filed a charge sheet in 1996, which resulted in Gupta being sentenced to three-year simple imprisonment in 2010 along with two other co-accused

CBI brings back absconding bank fraud convict from US, arrested on arrival in Kochi

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CBI with the help of Interpol brought back convicted accused from US A bank fraud convict having an Interpol Red Notice against him was brought...
The directors of the firm Champat Rikhabchand Sanghavi, Deepak Champat Sanghvai, and Ashwin R Shah, and unknown others have been booked by the CBI

CBI books Ahmedabad-based firm, 3 directors in Rs.46.79 cr loan fraud case

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Ahmedabad-based private firm Greendiamz Biotech Pvt Ltd, three of its directors booked for loan fraud The Central Bureau of Investigation (CBI) has registered a case...
The incident came to light when parents of Hindu girl complained to the police that their daughter had been behaving strangely for several months by sometimes offering namaz

3 arrested including Madrasa student for converting 7 Hindu men & women in Ghaziabad

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Religious conversion case: The accused converted the religion of young men and women in a systematic manner On Saturday, the Ghaziabad Police arrested three persons...
The New Islamabad International Airport has been deemed a clean transaction, prompting the government to explore outsourcing options as soon as possible

Pakistan: New Islamabad airport to be leased out to foreign investors

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Bankrupt Pakistan offers Islamabad International Airport for lease to foreign investors The Pakistan government has decided to lease out the new Islamabad International Airport to...
Reddy was taken into custody under the Prevention of Money Laundering (PMLA) by the federal agency's Hyderabad office, ED said

ED arrests T Venkattram Reddy, former promoter of Deccan Chronicle group for bank loan...

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ED arrests Deccan Chronicle’s T Venkattram Reddy, 2 others in loan default case The Enforcement Directorate (ED) on Wednesday arrested T Venkattram Reddy, former chairman,...
Sound policies of RBI, adherence to international regulatory norms provide Indian banking system the resilience to face the bolt of the turbulent Western winds

Amid looming global banking crisis, Indian banking system shown impressive resilience

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India is well-positioned to tackle the impact of the current US banking crisis and interest rate hikes: CRISIL report Amid the collapse of US-based tech...
Ajay Banga will be a transformative leader, bringing expertise, experience, and innovation to the position of World Bank President: Joe Biden

Indian-origin Ajay Banga becomes 14th President of World Bank

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FM Sitharaman congratulates Ajay Banga on becoming World Bank president On Wednesday, an Indian-origin American, Ajay Banga, was selected as the President of the World...
Is DMK facing internal sabotage? With M K Stalin professing to health issues, will the DMK split?

Embroiled in controversies, is M K Stalin politically bankrupt?

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Stalin is unable to handle dissensions due to corruption Dravida Munnetra Kazhagam (DMK), the oldest political party in Tamil Nadu, is facing an internal sabotage....
The banking sector displayed a 45 percent YoY growth fueled by the expansion of digital banking services in the rapidly evolving global economy

Job vacancies in India’s banking, financial services and insurance sector see significant growth in...

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BFSI saw significant growth in job vacancies Job vacancies in India's banking, financial services, and insurance (BFSI) sector have seen a significant year-on-year (YOY) growth...

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