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Total 422 results found. Search for [ PMC bank ]

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BusinessToday.In
New Delhi, January 13, 2020
Prime Minister Narendra Modi said that Rs 43,000 crore have been directly transferred into accounts of farmers so far. Addressing the 150th celebrations of the Kolkata Port Trust, PM Modi said that Chief Minister Mamata Banerjee has not implemented several schemes in the state; In the upcoming Union Budget, the auto industry has sought measures, such as reduction in GST rates on vehicles and abolition of duty on import of lithium-ion battery cells, to encourage electric mobility; German luxury carmaker Mercedes Benz India emerged as the largest selling luxury car brand in India in 2019 even as its sales skidded by 11.3 per cent, the steepest ever in a year in well over a decade. This and more news on News Blast.Also read: RBI report points to rapid ratings downgrade of corporate borrowersAlso read: Sharad Pawar meets Anurag Thakur over revival of fraud-hit PMC Bank


PTI
Mumbai, January 13, 2020
The fraud at PMC Bank came to light in September last year after RBI discovered that the bank had allegedly created fictitious accounts to hide over Rs 6,700 crore in loans extended to HDIL


Anand Adhikari
January 8, 2020
Among those under RBI's radar, three are from Maharashtra -- Shreeji Bhatia Cooperative Bank, Mansingh Cooperative Bank and Shri Anand Cooperative Bank


BusinessToday.In
New Delhi, January 4, 2020
Banks have been informed by Indian Banks' Association that bank unions including AIBEA, AIBOA, BEFI, INBEF, INBOC, BKSM, will go on a pan-India general strike on January 8


Anand Adhikari
New Delhi, January 3, 2020
The difference between the gross salary of the RBI Governor and a Deputy Governor is also not much. The Governor earns just Rs 31,500 more than a Deputy Governor per month


PTI
January 3, 2020
RBI said it may also accept or reject any or all the bid/offers either wholly or partially without assigning any reasons


Anand Adhikari
Mumbai, January 3, 2020
Despite higher limits, the outstanding deposits of the bank have reduced from around Rs 11,800 crore in September, when the RBI took charge of the bank, to Rs 10,800 crore by November-end


Divyesh Singh
New Delhi, January 2, 2020
PMC Bank-HDIL scam: During the investigation it was also found that loans were sanctioned and disbursed before forms were filled for the loan requirement


BusinessToday.In
New Delhi, December 31, 2019
PM Narendra Modi's office has proposed waiving a tax on coal to help finance pollution-curbing equipment, according to documents, but the move would also make coal more competitive in price. The government has allowed Huawei, along with all other equipment manufacturers, to conduct super-fast speed 5G network trials in India. Internet shutdowns in various parts of the country may have hit e-commerce like Amazon and Flipkart hard. This and other news on News Blast.


BusinessToday.In
New Delhi, December 31, 2019
Huawei gets govt nod to participate in 5G trialsIn a big relief for the Chinese telecom equipment maker Huawei, the government has allowed the company, along with all other equipment manufacturers, to conduct super-fast speed 5G network trials in India. The decision will boost the Chinese telecom giant's plans to expand its footprints in India at a time when several security-related concerns have been raised against it across the worldModi govt proposes waiving carbon tax on coalP...


Reuters
Seoul, December 31, 2019
Looking ahead, US crude inventories are expected to fall by about 3.2 million barrels in the week to December 27, heading for a third consecutive weekly fall


Divyesh Singh
December 30, 2019
Anu Wadhawan revealed that she was not a director in any HDIL group company, but worked as a retainer in an HDIL group firm named Privilege Industries since 2016


BusinessToday.In
New Delhi, December 30, 2019
Till date 50 issuers have done 182 issuances of commercial papers (CPs) and have successfully listed CPs worth Rs 70,210 crore on the Bombay Stock Exchange


Divyesh Singh
December 30, 2019
Charge sheet filed by the Enforcement Directorate earlier this month has revealed that HDIL group companies need to repay Rs 6,117.93 crore to PMC Bank as on August 31, 2019


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


PTI
December 29, 2019
The break-up of the claim with DICGC shows Rs 3,414 crore in the case of state cooperative banks and district central cooperative banks, and Rs 10,684 crore in the case of urban cooperative banks, including PMC Bank


PTI
New Delhi, December 29, 2019
Replying to an RTI query, the RBI says preliminary findings of the RBI indicated large-scale irregularities in the bank, warranting supersession of its board of directors and imposition of all inclusive directions of the Banking Regulation Act, 1949


Reuters
New Delhi, December 28, 2019
State-owned public sector banks need to build stronger buffers to absorb any disproportionate operational losses, while private lenders need to focus on corporate governance, the RBI says


BusinessToday.In
New Delhi, December 27, 2019
Catch the top stories from the world of business and economy with BusinessToday.In's end of day report


BusinessToday.In
New Delhi, December 27, 2019
UCBs should take utmost care about data accuracy and integrity while submitting the information /data on large credit to RBI, failing which penal action as per the provisions of the Banking Regulation Act, 1949 may be taken


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