Gold Silver Reports – Axis Bank asks CIO Amit Sethi to Resign — Axis BankBSE -0.08 % has asked its president and chief information officer Amit Sethi to resign. Sethi’s exit from the country’s third-largest lender followed a complaint from a whistleblower regarding the functioning of the bank’s technology department, which he headed, said two sources familiar with the development.
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All You Need To Know Going Into Trade On Feb. 23, 2018
Goldman Neal Bhai Reports – All You Need To Know Going Into Trade On Feb. 23, 2018 — Asian stocks look set to close out a lackluster week on a positive note on Friday as investors continue to debate the outlook for central bank policy normalisation and the impact of higher bond yields.
BSE, NSE, MSEI Assure Global Stock Exchanges Of Orderly Transition
Goldman Neal Bhai Reports – Indian stock exchanges assured international bourses and index providers of orderly transition. Steps would be taken to ensure that ending licensing pacts do not disrupt the markets, BSE Ltd., National Stock Exchange of India Ltd. and Metropolitan Stock Exchange of India Ltd. said in a joint statement.
Maruti Suzuki Buy Above 8772 Buy and Relaxxxxxxx Target 8900—9100 By Goldman Neal Bhai Reports India
Maruti Suzuki Stock Buy Above 8772 Buy and Relaxxxxxxx Target 8900—9100 By Goldman Neal Bhai Reports India Neal Bhai Reports 9899900589 and 9582247600
Indian State Banks Continue Dropping as Fraud Impact Widens
Gold Silver Reports – 🇮🇳 🇮🇳 🇮🇳 🇮🇳 🇮🇳 Indian State Banks Continue Dropping as Fraud Impact Widens — Shares of India’s government-controlled banks fell on Monday as more lenders disclosed exposure to one of the nation’s biggest frauds.
PNB-Nirav Modi Fraud: Understanding The Deceptively Low Risk World Of Buyer’s Credit
Gold Silver Reports – PNB-Nirav Modi Fraud : In the hierarchy of high profile banking functions, the trade finance department which deals with buyer’s credit falls closer to the bottom rather than the top. It has been seen as a low-risk, short-term, sometimes mechanical business, built atop an existing client relationship. As such, it flies under the radar.
Who’s Responsible for the PNB Fraud? By Goldman Neal Bhai Reports
Gold Silver Reports – Who’s Responsible for the PNB Fraud? — There’s an old saying that goes: “Fool me once, shame on you; fool me twice, shame on me.” That adage, when applied to Indian banking, would probably be: “Fool banks once—oh these things happen; fool them twice—catch a few low-level minions and jail them after a trial lasting twenty five years; fool them for the umpteenth time—allow the fraudster to escape abroad, recapitalise the banks and continue with business as usual.” Contrary to what Abraham Lincoln was supposed to have said, it seems entirely possible to fool all the people all the time.