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Total 181 results found. Search for [ PMC Bank crisis ]

Results 1 to 21 of 181
BusinessToday.In
November 18, 2020
LVB is a small bank and its failure won't significantly impact the banking sector, but it's the loss of confidence and trust in banking system that has escalated with this crisis


BusinessToday.In
November 3, 2020
The exercise is meant to find equity investors willing to take over the management of PMC Bank in order to revive the beleaguered lender and resume its day-to-day operations


BusinessToday.In
September 22, 2020
PMC Bank's present administrator Jai Bhagwan Bhoria has stepped down on September 22 due to health reasons


BusinessToday.In
September 22, 2020
Finance Minister Nirmala Sitharaman said the amendments have been brought to completely protect the interest of depositors and will also help a quick recovery in cases of stressed co-operative banks without any moratorium


PTI
August 26, 2020
The standard advantage of a bad bank is that the entity taking a decision on the sale price is different from the entity accepting that price


Reuters
August 26, 2020
The Reserve Bank of India (RBI) took control of PMC last September after it was accused of fraud and concealing non-performing loans


Prasanna Mohanty
August 5, 2020
India faces a fresh threat of NPAs with RBI warning dramatic rise in loan default rate from 8.5% in FY20 to 14.7% in FY21. A global study shows the Indian corporate sector was most debt-stressed with 43% of long-term loans vulnerable to default even before the COVID-19 pandemic hit


BusinessToday.In
July 30, 2020
Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report


Naveen Kumar
July 30, 2020
Senior citizens who primarily depend on FDs to manage their retirement expenses, have seen their income falling drastically within few years. When all major big banks are offering interest rates around 6 per cent the rates offered by many small finance banks look quite attractive


Prasanna Mohanty
July 29, 2020
Apart from rise in financial frauds in private companies in India, recent years have also witnessed a rise in the role of shell companies and tax havens in their operations, raising further concerns about illicit operations


PTI
July 21, 2020
The court on May 28 had asked the Centre, the RBI and PMC Bank to appreciate the difficulties faced by the depositors on withdrawals during COVID-19 pandemic.


BusinessToday.In
July 14, 2020
Wadhawan, an accused in the Rs 4,335 crore scam, had earlier asked for bail claiming he had not violated any banking regulations


BusinessToday.In
July 11, 2020
Shaktikanta Das said that from February 2019 onward RBI had cut 135 basis points repo rate till the onset of coronavirus to tackle the slowdown in growth


Prasanna Mohanty
July 1, 2020
Contrary to popular notion, stock markets have repeatedly demonstrated since the 1929 Great Depression that their performance is not really linked to macroeconomic and business fundamentals


BusinessToday.In
June 26, 2020
This would be the first such meet since the coronavirus outbreak. The RBI board is also expected to discuss the state of economy, and banking sector in particular


BusinessToday.In
New Delhi, June 19, 2020
With the relaxation in withdrawal limit, more than 84 per cent of the PMC Bank's depositors will be able to withdraw their entire account balance


PTI
June 10, 2020
The fraud at the Punjab and Maharashtra Cooperative (PMC) Bank came to light in September 2019 after the Reserve Bank of India found that the PMC Bank had allegedly created fictitious accounts to hide over Rs 4,355 crore of loans extended to the almost-bankrupt HDIL


BusinessToday.In
May 10, 2020
Coronavirus Highlights: West Bengal recorded 153 fresh COVID-19 cases and 14 deaths in last 24 hours, its highest single-day deaths and spike in the number of new cases


BusinessToday.In
May 3, 2020
Under the DIGC scheme, full recovery for those accountholders is allowed who hold funds of less than Rs 5 lakh


PTI
March 21, 2020
The restriction on Punjab and Maharashtra Cooperative (PMC) Bank included barring the bank from lending and accepting fresh deposits


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