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

The auditors identified as Jayesh Sanghani and Ketan Lakdawala belong to an audit firm, which was hired by Punjab and Maharashtra Cooperative (PMC) Bank to conduct routine audits

PM Narendra Modi on Saturday inaugurated the Kartarpur corridor and flagged off the first batch of over 500 Indian pilgrims, including former prime minister Manmohan Singh and Union minister Harsimrat Kaur Badal.

Persisting liquidity issues in the NBFC space as well as the financial woes of some groups in this sector have raised concerns about the health of the overall financial system

PMC Bank, among the top 10 urban cooperative banks in the country, was placed under an RBI administrator on September 23 for six months due to massive under-reporting of dud loans

Pawar said the NDA government should take a lesson from former Prime Minister and Congress veteran Manmohan Singh on how to put the economy back on track

PMC Bank scam: The depositors, who gathered were from Tilak Nagar in West Delhi where the bank has a branch, said most of their families have collective deposits in excess of Rs 51 lakh in the bank.

RBI flouts its own directive and defies Supreme Court to protect big corporate defaulters, putting the entire banking system at great risk, while crying foul over farmers' loan waivers - paid for by state governments and relatively inconsequential

These three hotels are run by HDIL promoter Rakesh Kumar Wadhawan's daughter; he is a promoter and a shareholder in the company that owns these hotels

The RBI, after reviewing the bank's liquidity position and its ability to pay its depositors, has decided to further enhance the limit for withdrawal to Rs 50,000, inclusive of Rs 40,000 allowed earlier

The locations raided were across Andhra Pradesh, Chandigarh, Delhi, Gujarat, Haryana, Karnataka, Kerala, MP, Maharashtra, Punjab, Tamil Nadu, Telengana, UP, Uttarakhand, and Dadra & Nager Haveli.

The unions said ensuring \"proper governance in the system\" and \"removing political interference\" will address the problem of NPAs that has been weakening the financial health of the PSBs

PMC Bank crisis: The Wadhawans have also given their consent to selling 18 of their attached assets that includes two private jets, a range of high-end cars and a speed boat.

Sixteen CEOs and economists lay out a roadmap to revive the economy

PMC Bank was amongst 46 banks -public, private, rural and multi state cooperative - to take part in the broad basing of NPCI's equity shareholding from the initial 10 large scheduled commercial banks.

PMC Bank crisis: The Director said that she had no knowledge of the HDIL scam and had recently deposited Rs 10 lakh in the bank, which corroborates her claims.

The Mumbai Police's Economic Offences Wing has served summons to Daljit Singh Bal for questioning at his address but till date he remains on the run