Money & Banking

Even while the National Company Law Tribunal (NCLT)’s Mumbai bench blasted a consortium of banks for their attempt to withdraw the bankruptcy petitions of the Sterling Biotech group—bankers themselves seem to be in a defiant mood and are set to contest the NCLT order.  This was decided at a...
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  • As one goes deeper and deeper into the concentric circle of rot left behind by the Kochhars, the revelations are confounding. La Familia was never of this magnitude and its bedrock couldn't have been open and naked cronyism to this degree. Paper trails always have a missing link. The missing...
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  • All limits on savings bank cash withdrawals post-demonetisation ended on Monday, as had been announced by the Reserve Bank of India (RBI) last month.   In a two-stage process, the weekly withdrawal limit per account had been raised to Rs 50,000, from Rs 24,000, with effect from...
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    The CBI has booked two Union Bank of India employees here for allegedly violating the RBI guidelines by depositing in the bank's chest over Rs 84 crore in old currency notes of three private firms, an official said on Tuesday.   Deputy General Manager Ashok Kumar Dhabhai and Assistant...
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  • The Reserve bank of India (RBI) has initiated the payment process to credit value of the banned notes deposited by non-residents Indians (holding Indian passport) under the demonetisation drive, says an official from the central bank.    In an email response, the official from RBI...
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