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Saturday, July 13, 2019

After PNB, Allahabad Bank Alleges Rs 1,700 Crore Fraud By Indebted Firm

Allahabad Bank on Saturday became the second state-owned bank to report a major alleged fraud by bankrupt steelmaker Bhushan Power & Steel Ltd this month, adding to concerns about a banking industry...

from NDTV News - Special https://ift.tt/2LOUpfz

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Net worth may take a hit of around Rs 1,530 crore: IndusInd Bank

IndusInd Bank has identified valuation losses in its forex derivative contracts that could impact its net worth by up to 2.4%, or around Rs ...