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"No Connection" With Arrested Nephew's Business, Says Kamal Nath

Tuesday, August 20, 2019, 3:49 PM

Madhya Pradesh Chief Minister Kamal Nath today said he had no connection with the business of his nephew Ratul Puri, who was arrested this morning over allegations of swindling a state-run bank. "To start with I have no connection with the business they are doing. I am neither a shareholder, nor a director," Kamal Nath told reporters in Bhopal.
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No Protection From Arrest For P Chidambaram In INX Media Case: Court

Tuesday, August 20, 2019, 3:36 PM

A court today rejected an appeal for anticipatory bail from Congress's P Chidambaram, opening up the possibility of arrest of the former Union Minister in the INX Media case, involving allegedly illegal clearance given to the firm to receive massive foreign funds. Mr Chidambaram and his son Karti Chidambaram have been questioned multiple times in the case.
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Resolve stressed assets on time in your interest: RBI to banks

Tuesday, August 20, 2019, 3:21 PM

Reserve Bank deputy governor NS Vishwanathan Tuesday exhorted bankers to ensure timely resolution of stressed assets under the new framework to extract the best value and underlined the need for dealing only in "genuine" cases. The central bank will be coming out with the final guidelines for private and foreign bankers' compensation soon, he said, speaking at the annual industry event Fibac.

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