Bullion scam -- banks violate norms with impunity
Nationalised banks led by State Bank of India seem to have openly flouted internal norms and prudential lending practices while dealing with cooperative banks. The Rs 70-crore bullion scam surfaced after SBI and other banks involved went overboard in helping their clients.



IMF unhappy with FM’s fiscal steps
The International Monetary Fund is likely to express concern at the fiscal situation in India during its annual article IV consultations scheduled to begin on Monday. It is learnt that IMF is not convinced by the claim of the Union finance ministry.



IT raids scare Kolkata brokers
Even as capital market was yet to recover from the shock caused by the payment shortfall at Calcutta Stock Exchange (CSE), brokers were keeping their fingers crossed following IT raids on six top brokers of the Bombay Stock Exchange last Friday.



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