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Total 21 results found. Search for [ PMC Bank update ]

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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


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.


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...


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


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


PTI
October 16, 2019



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


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


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


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


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


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


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


BusinessToday.In
New Delhi, September 27, 2019
PMC Bank crisis: The Congress spokesperson said that PMC Bank's collapse and RBI's restriction on withdrawal has brought back the horrors of demonetisation for PMC Bank customers.


BusinessToday.In
New Delhi, September 26, 2019
PMC Bank crisis: The Reserve Bank of India (RBI) increased the withdrawal limit for Punjab and Maharashtra Co-operative Bank (PMC) depositors to Rs 10,000 from the initial Rs 1,000


BusinessToday.In
New Delhi, September 26, 2019
PMC Bank crisis: Customers have also written to the RBI to revoke the restrictions made on the lender. The letter states that such a restriction will inflict great hardship on the depositors.


Reuters
September 25, 2019
Wenig, 52, will be replaced with Chief Financial Officer Scott Schenkel on an interim basis


BusinessToday.In
New Delhi, September 24, 2019
The Reserve Bank of India (RBI) imposed regulatory restrictions on Mumbai-based Punjab and Maharashtra Cooperative Bank (PMC). Following the RBI order that account holders will be able to withdraw only Rs 1,000 from their accounts, angry customers have thronged the bank's branches demanding some explanation. Watch the video for more.


Anand Adhikari
Mumbai, September 24, 2019
The Reserve Bank of India has put operational restrictions on PMC Bank as it investigates the alleged charges of irregularities in the bank


BusinessToday.In
New Delhi, September 24, 2019
PMC Bank: Customers have also urged the RBI to allow them to withdraw their money before implementing the restrictions.


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