Bad loans menace: Over three dozen CAs under RBI lens

Bad loans menace: Over three dozen CAs under RBI lens

New Delhi, Apr 8: With the RBI cracking the whip on bad loans menace, more than three dozen chartered accountants are under the scanner for allegedly conniving with promoters in defaulting as well as restructuring the stressed assets, sources said. At a time when more number of companies with stressed assets are coming under the […]

Blackmoney SIT reviews cryptocurrencies; directs clampdown

New Delhi, Apr 8: The Special Investigation Team (SIT) on black money has asked probe agencies to check and curb the use of cryptocurrencies as it reviewed their operation and circulation in the country and links to shady offshore transactions. Officials said the SIT recently held a meeting in the national capital during which it […]

Indian firms should leverage on technologies, AI to leapfrog economy: NITI Aayog CEO

Indian firms should leverage on technologies, AI to leapfrog economy: NITI Aayog CEO

Singapore, Apr 6: Indian firms can leverage on state-of-the-art technologies and emerging fields such as artificial intelligence to reimagine production and leapfrog the economy, CEO of National Institution for Transforming India (NITI Aayog) Amitabh Kant said on Friday. He also said that India needs to focus on design and innovation to become a major manufacturing […]

ICICI Bank first to get Swift’s new cross-border payment service

ICICI Bank first to get Swift’s new cross-border payment service

Mumbai, Apr 6: Global financial messaging cooperative Swift on Friday said ICICI Bank has become its first Indian client to go live with an improved cross-border payments service. The announcement of the service, which Swift claimed as being more transparent, comes weeks after the discovery of one of the largest banking frauds to be detected […]