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

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

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.

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

The revision will benefit 25 crore bank customers.

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).

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

Search was being conducted on Sunday at eight premises

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.

The Viability Rating measures credit worthiness of a financial institution and reflects the likelihood of the entity to fail, as per Fitch.

The bank had filed an applicationclaiming that the defaulters, "with an intention to defeat its rights" are trying to alienate the movable and immovable property

The PNB has sought government help for the same.

In a regulatory filing to stock exchanges, PNB said it has detected some fraudulent transactions with financial implication of USD 1.17 billion