PMC Bank scam: HDIL Chairman and MD Sarang Wadhawan had talked to PMC bank's management regarding the resolution plan to monetise these assets thereby clearing the loans so that the depositors' money is safe, the company claimed in the statement

The PMC bank's internal investigating team has found cheques amounting to over Rs 10 crore that were issued by HDIL and its related entities over the past two years but never deposited with PMC

HDIL promoters and prime accused Rakesh Wadhawan and Sarang Wadhawan, have requested investigating agencies to sell their attached assets at fair market value, monetise them and repay loans availed by HDIL from PMC Bank. Watch the video here.

HDIL promoters urge to sell their assets to repay loans; Centre's efforts to remedy slowdown blues are 'too little, too late', says Kamal Nath; Nirmala Sitharaman calls India 'the best place for investors' at IMF session and more news on News Blast.

Referring to crisis-hit Punjab and Maharashtra Co-operative (PMC) Bank, Dr Singh said what happened was unfortunate and urged state and central government to pull their head together and sort out the issue

PMC Bank scam: HDIL promoters write to ED, RBI, FinMin; urge them to sell attached assets to repay loansIn the latest development in the Punjab and Maharashtra Co-operative Bank scam, HDIL promoters and prime accused Rakesh Wadhawan and Sarang Wadhawan, have requested investigating agencies to sell their attached assets at fair market value, monetise them and repay loans availed of by HDIL from PMC Bank. The letter dated October 16 has also been marked to the Ministry of Finance a...

While the RBI has not specified any reason, the market is attributing it to hoarding of high value notes or the optimal size of Rs 2000 notes in the system

The police had filed an FIR against Thomas for misrepresenting the bank's loan books and not revealing the bad loans of HDIL

Denying allegations of money laundering, Wadhawans say they want to \"work towards the resolution of the matter in the interest of depositors\"

ED has already seized movable and immovable assets worth Rs 3,830 crore owned by HDIL, its directors, PMC Bank officials and other-related entities in the PMC Bank fraud case

Lending growth by banks had nearly halved to 8.8% at the end-September from the start of the year.

The news of Bijlani's death comes after deaths of two PMC Bank customers were reported in the last two days.