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Government announces plans to consolidate 10 existing lenders into four
Second such scandal in as many years raises questions over health of state banks
It is worth examining whether further reforms will spur more gains for India’s equity market
Nirav Modi — at centre of alleged $2bn fraud — kept in detention after claims of intimidation
New Delhi seeks extradition for businessman accused of being at centre of alleged $2bn fraud
Government involvement in hiring top executives hurts institutions, says Ravi Venkatesan
Nirav Modi is at centre of alleged $2bn bank fraud and wanted by Indian police
Former chief executive charged in case that has shaken country’s banking system
Administration passes ordinance to hold to account accused who have left country
The swift rise and even faster fall of the Indian tycoon provoke difficult questions
Urjit Patel says RBI has inadequate regulatory authority over public sector lenders
Value can be found in shares of state lenders such as SBI unlike their private rivals
Sentiment towards India’s state-backed sector drops after alleged fraud at lender
Lenders barred from providing importers with letters of undertaking used to obtain loans
Two diamond dealers are the latest to join a list of absent tycoons
Critics say scam highlights rot in state lenders and need for change
India has been gripped by the scandal involving billionaire jewellers and state-run institutions
Investigators raid Gitanjali offices, factories and residences
Police search Nirav Modi showroom and house as part of Punjab National investigation
Scam resulted in money being advanced to a handful of accounts overseas
International Edition