New scam at PNB will delay return to profits
A ₹3,800 crore fraud will demand more provisioning in the current year, and PNB may require further capital from the government if it needs to grow its business.
nirav modi
July 2019
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November 2018
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PNB’s road to recovery
A year after it was hit by the biggest banking scandal in the country’s history, PNB chief Sunil Mehta is steering the bank towards financial stability.
Inside the issue: May 2019
Catch a sneak peek into the May 2019 issue here.
Man of steel
Editor’s letter from the May 2019 issue
Fortune India: Best of 2018
As 2018 draws to a close, here’s a look at some of our best stories.
Eighth anniversary special: Newsmakers
Those who grabbed the headlines in the past eight years.
India Inc’s credit crunch
A spate of banking frauds, arrests of the top management at some banks and mounting bad loans have led to drying up of debt from financial system. So who will fund India’s growth story?
Wilful defaults: the financial underbelly of the banking system
Only four economies globally have higher NPAs than India. These are Portugal, Italy, Ireland, and Greece.
Failure of risk governance in the Indian banking system
After the global financial crisis of 2007-08, risk became a major issue for regulators worldwide.
Where does the buck stop in Nirav Modigate ?
Our banking sector has had too many such accidents in the recent past, and the double shocks of mounting NPAs and major frauds, has dealt it a severe blow.
