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ISSUE DATE: December 28, 2020 UPDATED: December 18, 2020 23:40 IST Illustration by Nilanjan Das India’s banking sector is frequently under the spotlight, and usually for unflattering reasons, from an insupportable pileup of loans gone bad (non-performing assets or NPAs in banking parlance) to outright fraud to cronyism or worse. The rot is endemic, has hit banks small and big, including some well-regarded names, and is by no means limited to the public sector. If government-owned banks like Punjab National Bank (PNB) and State Bank of India (SBI) have embarrassed themselves, names like YES Bank and ICICI Bank in the private sector have also made headlines for the wrong reasons. The list of banks of dubious honour is long, including, most recently, Lakshmi Vilas Bank (LV Bank), which the RBI (Reserve Bank of India) had to step in to bail out. The Covid-19 pandemic has aggravated the crisis by another order of magnitude, with the government-mandated moratorium on inter ....
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A bribery and anti corruption probe saw him detained in february it must receive it has denied all charges latvia has been beset by banking scandals its finance sector has acted as a regional hub for cash from the former soviet union. a makeshift shrine marks the spot in riga where a lawyer working on the winding down of a bank was shot dead he was killed while driving his car. inspecting the crime scene today r younis veda and antonio correcto who work for an anti corruption agency. the murderers cast an ominous shadow over lotfi as financial sector the killer and their paymasters have yet to be identified the state is in ohio and interior minister said that they will be on assistance other counties to search for the murderers and law and order should be placed again their next stop is the main offices of the a b l v bank which manages ....