News & Events | CAV Advisory

Oct 9, 2019
Why bankers are hesitant to report frauds

For bankers, bad loans due to an economic downturn is par for the course. Bigger worry is corporate fraud. With ‘extend and pretend’ coming to an end, banks are hesitant to report frauds. For a better system, banking industry needs to be prompt in reporting and action. At a recent bankers’ summit organised by a […]

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Oct 9, 2019
IL&FS law firms get SFIO notices

MUMBAI: The Serious Fraud Investigation Office (SFIO) has asked India’s top law firms and consultants to disclose all information they have on IL&FS, the country’s largest shadow bank which collapsed a year ago. The central agency under the Ministry of Corporate Affairs (MCA) has sought information for the past 10 years when the firms had […]

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Oct 8, 2019
The effects of slowdown is gradually waning: SBI chief

The effects of slowdown in various pockets of the consumption economy which impacted credit growth in domestic banks is gradually waning as consumers are back to spending with the onset of festival season, said State Bank of IndiaNSE -1.16 % chairman Rajnish Kumar. “We have seen that traditionally in the festive period between September and […]

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Oct 8, 2019
Maruti cuts production for 8th straight month in September

NEW DELHI: Reeling under a prolonged slowdown, Maruti Suzuki India (MSI) reduced its production by 17.48 per cent in September, making it the eighth straight month when the country’s largest car maker lowered its output. The company produced a total of 1,32,199 units in September as against 1,60,219 units in the year-ago month, Maruti Suzuki […]

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Oct 8, 2019
RBI may again consider cutting rates at next MPC meet: Guv Das

MUMBAI: RBI Governor Shaktikanta Das has said till the growth is revived, the RBI will continue to remain in an accommodative mode and therefore a conclusion on what is the minimum repo rate where the central bank will take a pause cannot be concluded at this stage and will again depend on the next deliberations […]

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Oct 8, 2019
Amazon, Flipkart generate Rs 19,000 cr in festive sales, Flipkart takes lead

A report reveals the festive sales earned e-tailers a whooping $3 billion with a large chunk of customers from Tier-2 cities or Bharat As festive sales hosted by the e-commerce sector ended last week, the e-tailers in India achieved a record $3 billion (about Rs 19,000 crore) of Gross Merchandise Value (GMV) during the period […]

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