private financial services

China to end state monopoly in banks


April 5th, 2012 - 4:30 pm ICT by IANS
Beijing, April 5 (IANS) China's top leadership has agreed to reduce, if not break, the state's banking monopoly, Premier Wen Jiabao has said.This is the first time Beijing acknowledged the ... Read more...

Posted in Business |

CBI files charge-sheets in housing loan scam


October 4th, 2011 - 10:14 pm ICT by IANS
Mumbai, Oct 4 (IANS) The Central Bureau of Investigation has filed charge-sheets before a special court in bribery cases, totalling to nearly Rs.10 million, against top former bank and insurance ... Read more...

Posted in Business |

Reliance Life gets central bank nod for stake sale to Nippon


September 30th, 2011 - 2:04 pm ICT by IANS
Mumbai, Sep 30 (IANS) Reliance Capital Friday said it hoped to conclude shortly a stake sale in its life insurance arm to Japan's Nippon Life for $680 million following a ... Read more...

Posted in Business |

Reliance Capital pact with Nippon in areas beyond insurance


September 1st, 2011 - 2:26 pm ICT by IANS
New Delhi, Sep 1 (IANS) Reliance Capital, part of the Anil Ambani-led Reliance Group, Thursday said it had signed an agreement with Japan's Nippon Life Insurance to pursue further partnerships ... Read more...

Posted in Business |

Loan scam: CBI expands probe, serves notices on 21 companies


November 25th, 2010 - 8:53 pm ICT by ANI
New Delhi, Nov.25 (ANI): The Central Bureau of Investigation (CBI) on Thursday served notices on 21 companies that had allegedly received loans from Indian public sector banks and financial institutions, a day ... Read more...

Posted in National |

Loan scam: CBI serves notice on 17 companies


November 25th, 2010 - 7:52 pm ICT by ANI
New Delhi, Nov.25 (ANI): The Central Bureau of Investigation (CBI) on Thursday served notices on 17 companies that had allegedly received loans from Indian public sector banks and financial institutions, a day ... Read more...

Posted in Feature |

Top bank officers nabbed for housing finance scam (Lead)


November 24th, 2010 - 7:58 pm ICT by IANS
Mumbai/New Delhi, Nov 24 (IANS) Top officers of some state-run banks and financial institutions were arrested by India's federal probe agency Wednesday for allegedly accepting bribes to extend loans to corporate ... Read more...

Posted in Business |

CBI arrests top bank officers for loan scam


November 24th, 2010 - 7:42 pm ICT by ANI
New Delhi, Nov 24 (ANI): The Central Bureau of Investigation (CBI) on Wednesday took into its custody eight people including senior executives of different banks, whose executives gave loans to private builders ... Read more...

Posted in National |

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