Special Investigations website Cobrapost has revealed that 23 banks and insurance companies have been engaged in money laundering. Among the 23 banks involved are mostly PSU banks including some big names like the State Bank of India, Bank of Baroda, Punjab National Bank, Canara Bank, IDBI, Oriental Bank and Dena Bank. Aniruddha Bahal, editor-in-chief, Cobrapost.com, joined IBNLive readers for an interaction on the matter.
Q. Hats off to you and your team. I fear that tomorrow there will be a larger scam and this will be forgotten, how do you plan to take this further? Have you discussed with Arvind Kejriwal on how to bring this to its logical conclusion? I am ashamed to be calling myself an Indian, it sends shivers down my spine when I realize how both public sector and private sector are in the same rot. Asked by: Dhaval B Shah
A. We cannot be cynical and not do investigations because we fear that they might not have the impact we hope to or desire. As a media platform we can only do stories and then when they are in the public space there are others whose role it could be to take it forward....
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06:39 PM, May 06, 2013
New Delhi: Days after a CNN-IBN and FirstPost.com investigation found that ganglord Dawood Ibrahim's cash was washing up in the offshore banking haven of Nassau in The Bahamas in a Bank of Baroda branch, the Central Board of Direct Taxes (CBDT) has approached the channel seeking details into the report and has sought a copy of the CD. On Saturday, Finance Minister P Chidambaram had assured that officials will look...
06:15 PM, Apr 07, 2013
New Delhi: A day after a CNN-IBN and FirstPost investigation found that ganglord Dawood Ibrahim's cash was washing up in the offshore banking haven of Nassau in The Bahamas in a Bank of Baroda branch, the government on Saturday assured stern action if any tax laws have been violated. Finance Minister P Chidambaram said officials will look at the CD of the story and take action as required. Earlier on...
05:34 PM, Apr 06, 2013
New Delhi: The Nassau branch of Bank of Baroda in Bahamas has denied any involvement in the alleged transfer of Dawood Ibrahim's funds. The bank's statement came a day after a CNN-IBN and FirstPost investigation found that Dawood's cash was washing up in the offshore banking haven of Nassau in The Bahamas - a beach paradise also known for its zero-taxes and high-secrecy banking - in a Bank of Baroda...
09:50 AM, Apr 06, 2013
Catch the day's top stories with Bhupendra Chaubey on India @ 9. ...
11:47 PM, Apr 05, 2013
A CNN-IBN and FirstPost investigation has found that ganglord Dawood Ibrahim's cash is washing up in the offshore banking haven of Nassau in The Bahamas - a beach paradise also known for its zero-taxes and high-secrecy banking - in an Indian bank. ...
10:44 PM, Apr 05, 2013
New Delhi: Twenty years ago, his smuggling operations paid for the bombs which killed 257 people in Mumbai. Now, a CNN-IBN and FirstPost investigation has found that ganglord Dawood Ibrahim's cash is washing up in the offshore banking haven of Nassau in The Bahamas - a beach paradise also known for its zero-taxes and high-secrecy banking - in an Indian bank. It is the tip of what one expert has...
09:44 PM, Apr 05, 2013
Deutsche Bank believes the recent investor pessimism in India is overdone and sticks to its BSE Sensex target of 22,500 by the end of December. Deutsche says the government may shift to executive decisions to pass its agenda, focusing on actions that do not require parliamentary approval, thus reducing concerns about its reform agenda after a key ally withdrew from the ruling coalition. ...
03:15 PM, Mar 25, 2013
New York: Fitch Ratings has revised the Outlook on the 'BBB-' Long-Term (LT) Foreign Currency (FC) Issuer Default Rating (IDR) of India-based financial institutions to Negative from Stable, while affirming the rating. These include six government banks (including an international banking subsidiary of a government bank), two private banks, two wholly owned government institutions and one infrastructure finance company. A list of affected entities is as follows:- State Bank of...
12:43 PM, Jun 20, 2012
New Delhi: Country's largest lender SBI on Tuesday raised fixed deposit rates on select maturities by up to 1 per cent, amid tight liquidity situation. Fixed deposits with maturity period of 7-90 days will earn eight per cent interest against existing seven per cent, State Bank of India (SBI) said in a statement. The new rates would be effective from Wednesday. Interest rates on 91-179 day and 181-240 day period...
07:30 PM, Mar 27, 2012
Mumbai: Finance Minister Pranab Mukherjee on Saturday said the government will provide adequate capital to the state-owned banks during the current fiscal, a move that will help them to meet the international solvency norms. "I would like to reassure, that I will provide adequate capital to the banks as and when necessary...there should be no apprehensions about bank recapitalisation," he said while speaking at the Canara Bank function in Mumbai....
08:05 PM, Nov 19, 2011
New Delhi: The Reserve Bank of India (RBI) on Tuesday deregulated savings deposit interest rate, the last administered bank rate in the economy, in a move which will push up cost of funds, sending bank shares sharply lower. "It is felt that the time is appropriate to move forward and complete the process of deregulation of rupee interest rates," Reserve Bank of India said in its second-quarter monetary policy review....
04:44 PM, Oct 25, 2011
New Delhi: The Reserve Bank of India (RBI) on Tuesday hiked short-term lending and borrowing rates for the eleventh time in the last 17 months. The repo rate has been hiked by 0.50 per cent to 8 per cent and the reverse repo rate has been hiked by 0.50 per cent to 7 per cent. The CRR remained unchanged at 6 per cent. The RBI rate hike will make the ...
08:01 PM, Jul 26, 2011
New Delhi: The Reserve Bank of India (RBI) on Tuesday hiked short-term lending and borrowing rates for the eleventh time in the last 17 months. The repo rate has been hiked by 0.50 per cent to 8 per cent and the reverse repo rate has been hiked by 0.50 per cent to 7 per cent. The CRR remained unchanged at 6 per cent. The RBI rate hike will make the...
08:01 PM, Jul 26, 2011
Finance Secretary Arun Ramanathan on Wednesday met private bankers. ...
10:06 PM, Nov 05, 2008
Now banks can borrow from RBI at eight per cent as against nine per cent. ...
09:59 PM, Oct 20, 2008
CNN IBN's cricket experts are impressed by the intent shown by Rajasthan Royals in their win against Pune Warriors India. ...
06:32 PM, May 22, 2008
For Amin, surviving the 7/11 blasts was just the beginning of the struggle. ...
03:19 PM, Jul 04, 2007
