Cash pilgrims and bricks of money: HSBC Swiss bank operated like cash machine for rich clients

The bank said he wanted “to have someone who would bring cash to him in the UK. He is not interested in the service that we could possibly provide him at HSBC Premier in Knightsbridge, as he would have to identify himself by passport! He said, ‘I do know banks in your part of the […]

CBI takes up investigation into ₹45-cr. fraud at Indian Bank

The allegation was that the suspects entered into a criminal conspiracy and committed the offence of forgery, impersonation, fabrication of documents, criminal misappropriation and cheating on term deposits and current account transactions in the name of the Chennai Port Trust – General Insurance Fund and cheated the bank of ₹45 crore.

Banks sanction around 44% of targeted Rs 3 lakh crore in liquidity support to MSMEs: CARE Ratings

Public sector banks (PSB) lead in terms of their share in the loans sanctioned and disbursed, as per the report. Of the total loan amount sanctioned and disbursed as on July 23, PSBs’ share stood at 55 percent and 58 percent respectively. Meanwhile, private banks had sanctioned and disbursed around 45 percent and 42 percent of the […]

Let banks pay power companies directly to avoid delays: Cabinet Secy-led panel

New Delhi: An empowered committee headed by cabinet secretary PK Sinha has suggested strong policy measures to revive stressed power plants with improved coal availability and by ensuring timely payments from state utilities with the help of banks and, if necessary, the Reserve Bank.The panel suggested that banks can make direct payments to companies by […]

Sushant Singh Rajput asked to close bank account; cancelled request days later: Report

As the investigations into Sushant Singh Rajput’s death intensifies with the Enforcement Directorate (ED) probing Rhea Chakraborty and a few others, new reports state that a while before his untimely demise, the actor asked for his bank account to be closed. In a report on Times Now, Sushant reportedly reached out to the Kotak Mahindra […]

Coronavirus: Millions for small business ‘sitting in council accounts’

For the small businesses grant they must be based in England, occupy property for business use and have been eligible for relief on various rates by 11 March 2020.To access the retail, hospitality and leisure grant the business must be mainly used as a venue for hospitality, retail or leisure. Some charities can also apply.Brent […]

Western Digital announces offers on storage devices across Amazon and Flipkart

Western Digital has announced offers on its storage devices for the Flipkart Big Freedom sale and Amazon Prime Day sale. The company has announced discounts across its devices such as the WD My Passport HDD, SanDisk Extreme Pro SSD, SanDisk Ultra Dual Drive Luxe Type C and SanDisk Micro SD card. Customers can avail offers […]

Taking Stock: Mild recovery on Street! Sensex closes a shade below 32K; what should investors do?

“Concerns are emerging on the make-up of Lockdown 4.0. It is this uncertainty that is weighing on investor’s minds. The 3rd press conference of the FM today and the new norms of Lockdown 4.0, along with global developments will determine market moves for next week,” he said.

Sushant Singh Rajput case: ED grills Rhea, brother in money laundering probe

Actor’s father and manager also questioned for more than eight hours over Rajput’s father’s allegations related to financial irregularities and control of his life for their own advantage. The Enforcement Directorate (ED) on Friday grilled Sushant Singh Rajput’s girlfriend, Rhea Chakraborty, her brother Showik and two others for more than eight hours in connection with […]