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Total 184 results found. Search for [ PMC Bank crisis ]

Results 40 to 60 of 184
Divyesh Singh
December 30, 2019
Charge sheet filed by the Enforcement Directorate earlier this month has revealed that HDIL group companies need to repay Rs 6,117.93 crore to PMC Bank as on August 31, 2019


BusinessToday.In
New Delhi, December 30, 2019
Manjit Kaur Ishwar Singh, who was Joint General Manager (Credit) in PMC Bank, told ED during the probe that HDIL had around total 44 loan accounts which included personal accounts of HDIL's promoters Rakesh Wadhawan and Sarang Wadhawan


PTI
December 29, 2019
The break-up of the claim with DICGC shows Rs 3,414 crore in the case of state cooperative banks and district central cooperative banks, and Rs 10,684 crore in the case of urban cooperative banks, including PMC Bank


BusinessToday.In
New Delhi, December 27, 2019
The chargesheet has named PMC Bank's erstwhile chairman Waryam Singh, former managing director Joy Thomas, former director of the bank Surjit Singh Arora, along with HDIL promoters Rakesh Wadhawan and Sarang Wadhawan


PTI
New Delhi, December 16, 2019
The Wadhawans have been booked under various provisions of the PMLA. The two were initially arrested by Mumbai Police's Economic Offences Wing (EOW), which was probing the scam, and later taken into custody by the ED in October this year


PTI
December 15, 2019
Anarock tracks seven major cities -- Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru, Pune, Hyderabad, Chennai and Kolkata


BusinessToday.In
New Delhi, December 15, 2019
Union Finance Minister Nirmala Sitharaman had recently said that around 78 per cent of PMC Bank's depositors were now allowed to withdraw their money, even though the ceiling of Rs 50,000 on withdrawal continued


Naveen Kumar
December 6, 2019
Investors who prefer fixed deposits are mostly conservative investors. Majority of them are in the higher age bracket and deploy their life savings in fixed deposits


Prasanna Mohanty
New Delhi, December 5, 2019
The second and concluding part looks at how the quarterly GDP estimates use the organised sector indicators to measure the unorganised sector, which contributes nearly 50% to the GDP, thereby giving a misleading picture of the state of economic health


Prasanna Mohanty
New Delhi, December 4, 2019
All the key economic indicators have been on a downward swing for quite some time. If this slide is not checked India may slip into recession sooner than later. In this first part of a two-part series, the article looks at what the major economic indicators are telling about the state of Indian economy


BusinessToday.In
New Delhi, December 4, 2019
These suspects were held following an investigation intocredit facilities provided by PMC Bank to now-bankrupt HDIL and its group companies


BusinessToday.In
December 2, 2019
The finance minister added that in case of marriages, medical emergencies, and other crisis situations, a depositor of the bank can withdraw up to Rs 1 lakh by invoking the 'hardship provisions' of the RBI


Prasanna Mohanty
December 1, 2019
Insolvency and Bankruptcy Rules of 2019 would help but more needs to be done: tighter RBI control and supervision, infusion of long-term funds (including capital) and reduction in mismatch in assets and liabilities


Prasanna Mohanty
November 21, 2019
Co-operative sector banks, particularly the urban co-operative banks (UCBs), are falling apart slowly but surely with mounting stressed assets, the full extent of which may not be known


PTI
New Delhi, November 20, 2019
The Reserve Bank is closely monitoring the situation at the bank and a forensic audit is underway, governor Shaktikanta Das had said earlier amid persisting uncertainty over depositors' funds


BusinessToday.In
November 19, 2019
This development comes a day after RBI Governor Shaktikanta Das chaired a high-level meeting with Enforcement Directorate, Mumbai Police, Economic Offences Wing and the administrator of PMC Bank


PTI
November 19, 2019
Over the weekend, FM Nirmala Sitharaman had said government would bring in a legislation during the ongoing Winter session to increase the deposit insurance cover from Rs 1, but did not specify a number


PTI
MUMBAI, November 19, 2019
In an affidavit filed in the HC in response to petitions challenging the fund withdrawal restrictions, the RBI has mentioned the withdrawal ceiling at Rs 50,000 for scenarios like marriage, education, livelihood and \"other hardships\"


BusinessToday.In
November 19, 2019
The primary agenda of the meeting was to discuss the disposal of attached assets and associated legal procedure to raise funds for repaying the depositors and reconstructing the crisis-hit PMC Bank


BusinessToday.In
November 16, 2019
With regard to deposit guarantee insurance limit hike, Sitharaman said it may not be part of cooperative bank legislation but part of some other laws


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