Business Today: Latest Business News, India economy News, Stock Markets, Sensex, Mutual Funds and Indian Tax
Search

Total 20 results found. Search for [ PMC account holders ]

Results 1 to 20 of 20
PTI
October 16, 2019



BusinessToday.In
New Delhi, October 12, 2019
FM Nirmala Sitharaman stated that she has talked to RBI Governor Shaktikanta Das who assured that the concerns of PMC Bank account holders will be kept on top priority


PTI
October 11, 2019



BusinessToday.In
New Delhi, October 10, 2019
PMC Bank case: Finance Minister Nirmala Sitharaman says the group will have two secretaries of the finance ministry and deputy governor-level officials from the RBI


BusinessToday.In
October 9, 2019
PMC bank scam: The Mumbai police had arrested HDIL directors Rakesh Wadhawan and Sarang Wadhawan on Thursday last week in relation to the PMC Bank fraud. Singh was arrested on Saturday last week.


BusinessToday.In
New Delhi, October 7, 2019
Demonetisation caused 3 percentage point decline in jobs, economic activity, says new studyA new study has found that demonetisation led to a significant decline in cash, which lowered India's economic growth and led to a reduction in jobs by at least 2-3 percentage points in the quarter of the note ban. The paper, 'Cash and the Economy: Evidence from India's Demonetisation', written by Gabriel Chodorow-Reich, an associate professor of economics at Harvard; Gita Gopinath, the Econ...


BusinessToday.In
New Delhi, October 6, 2019
PMC Bank crisis: The fictitious accounts - over 21,000 - mentioned in the Advances Master Indent submitted to the RBI in March 2018 mostly belonged to dead account holders, while some belonged to people who had closed their accounts with the bank.


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


Reuters
October 2, 2019
PMC Bank crisis: The complaint names the bank's Chairman Waryam Singh and its Managing Director Joy Thomas, along with other bank officials, and accuses them of criminal breach of trust, forgery and falsification of records.


BusinessToday.In
New Delhi, October 1, 2019
In an earlier statement, the RBI had said that the government was trying to strengthen the public sector banks and there was no question of closing down any one of them


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 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


Anand Adhikari
September 26, 2019
Surprisingly, last time the maximum deposit insurance limit for depositors was changed two and a half decades ago.


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.


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.


BusinessToday.In
September 24, 2019
The RBI under the Banking Regulation Act, 1949 act can also impose restrictions on banks to ensure better governance and control. Meanwhile, Section 56 of the act is applicable to cooperative societies.


Chitranjan Kumar
New Delhi, September 24, 2019
PMC Bank's asset quality declined as gross non-performing assets (NPAs) ratio - bad loans as a percentage of gross advances - rose to 3.76 per cent, versus 1.99 per cent in the previous year


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.


PAGES 1 OF 1