NEW DELHI (Reuters) - In late 2014, the knives were out for India's central bank governor Raghuram Rajan. Finance ministry officials were frustrated by his reluctance to cut interest rates to ...

The Punjab National Bank, looted by fugitives Mehul Choksi and Nirav Modi, ranks third on India’s largest defaulters list, with INR 2.59 lakh crore waiting to be recovered from large defaulters ...

REUTERS - Yes Bank Ltd has raised $500 million in a share sale to institutional investors, two bankers involved in the deal said, the first of a raft of equity deals expected after a landslide ...

* Finmin dropped plan to trim central bank powers last week NEW DELHI, May 7 (Reuters) - Indian Prime Minister Narendra Modi sank his finance minister's plans to strip powers from the central bank ...

Nirav Modi's brothers, Neeshal and Nehal, are facing legal action as they've been served notices in the Punjab National Bank (PNB) scam, potentially leading to their declaration as fugitive economic ...

(Bloomberg) -- India is making good progress in dealing with bad loans that are weighing down on the country’s banks, suggesting long-term valuations for the financial industry are set to improve, ...