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[ PMC Bank update ]
Results 1 to 21 of 28
Share Market Highlights: Sensex ends 1,030 points higher, Nifty at 14,982; banking stocks lead gains
BusinessToday.In
February 24, 2021
Stock Market Updates Today: Sectorally, except for IT and pharma index, all the other indices ended with decent gains. Private, PSU Bank and financial indices closed 3% higher today.
Rebooting Economy XIII: Why Indian corporates are debt-ridden
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
PMC Bank case: RBI extends restrictions for 6 months; raises withdrawal limit to Rs 1 lakh
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
Coronavirus Highlights: WB reports highest daily cases; UP govt to tighten lockdown in 3 cities
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
Budget 2020: Will FM Sitharaman give small depositors a reason to rejoice?
Anand Adhikari
Mumbai, January 29, 2020
Budget 2020 wishlist: The first big measure regarding banking sector that many are expecting Finance Minister Nirmala Sitharaman to announce in her second Budget speech is a hike in deposit insurance cover
PMC Bank scam: ED probe reveals HDIL settled company accounts from bank loans
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
PMC Bank scam: ED files chargesheet against HDIL promoters
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
RBI to set up 'college of supervisors', says Shaktikanta Das
PTI
MUMBAI, November 19, 2019
The RBI has already created a unified department of supervision and a unified department of regulation from November 1 this year
Next wave of reforms soon, says FM; Delhi air quality improves slightly
BusinessToday.In
New Delhi, November 6, 2019
Relief for Delhi-NCR as air quality improves to 'very poor' category, WhatsApp downloads plunge 80% as hacking row intensifies in India and other news on News Blast.
WhatsApp downloads plunge 80% as hacking row intensifies
BusinessToday.In
New Delhi, November 6, 2019
Next wave of reforms soon; pain points in manufacturing to be resolved: FM SitharamanFinance Minister Nirmala Sitharaman on Tuesday said the government will soon use its strong electoral mandate to usher in the next wave of reforms, and not to miss the bus this time. Without naming the reform measures unsuccessfully attempted by the Modi government in its first term, and in an apparent hint at land acquisition reform attempts by NDA1, she said the government's efforts last time we...
PMC Bank scam: Former director Daljit Singh Bal on run, Mumbai EOW says he cleared loans to HDIL
BusinessToday.In
New Delhi, October 24, 2019
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
PMC Bank scam: Former MD Joy Thomas sent to 14-day judicial custody
BusinessToday.In
New Delhi, October 17, 2019
The police had filed an FIR against Thomas for misrepresenting the bank's loan books and not revealing the bad loans of HDIL
PM should show courage, remove withdrawal limit for PMC depositors: Congress
PTI
October 16, 2019
PMC scam: After bank officials, now auditors to face probe
BusinessToday.In
October 9, 2019
While the priority for the Economic Offences Wing of the Mumbai Police is to interrogate the arrested parties involved in the Rs 4,355 crore loan fraud at the Punjab and Maharashtra Co-operative (PMC) Bank, the buzz is that the findings of the auditors submitted in past financial reports may also be scrutinised as part of the investigations
PMC Bank crisis: Mumbai police arrest chairman Waryam Singh
BusinessToday.In
Mumbai, October 5, 2019
With this, all the accused named in the PMC Bank scam have been arrested. On Friday, suspended PMC Bank managing director Joy Thomas was arrested, whereas the Wadhawan duo were detained on Thursday
PMC Bank fraud: Mumbai Police arrest suspended MD Joy Thomas
BusinessToday.In
New Delhi, October 4, 2019
The Economic Offences Wing (EOW) of Mumbai Police on Friday arrested the suspended managing director of Punjab and Maharashtra Cooperative (PMC) Bank Joy Thomas
PMC Bank crisis: One incident can't reflect health of entire system, says RBI Governor Shaktikanta Das
BusinessToday.In
New Delhi, October 4, 2019
Defending the RBI's action in the PMC case, Shaktikanta Das said the central bank acted very swiftly and promptly after it was brought to its notice
PMC Bank row: HDIL promoters Rakesh Wadhawan, Sarang Wadhawan arrested; assets worth Rs 3,500 crore attached
BusinessToday.In
October 3, 2019
Rakesh is the executive chairman of HDIL, whereas Sarang is the managing director of the company. The government had issued a look-out circular to stop them from leaving the country
RBI supersedes board of PMC Bank, appoints Jai Bhagwan Bhoria as new administrator
BusinessToday.In
New Delhi, September 30, 2019
The RBI has appointed Jai Bhagwan Bhoria as the administrator of the PMC Bank with all the powers of the board
PMC Bank's actual exposure to HDIL at 73% of total loan book: Ex-MD Thomas in letter to RBI
BusinessToday.In
New Delhi, September 29, 2019
Thomas, in the letter to the RBI, admitted that the exposure to HDIL Group was over Rs 6,500 crore, which is nearly 73 per cent of its total loan book of Rs 8,880 crore as of September 19, 2019
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