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Total 157 results found. Search for [ PMC bank depositors ]

Results 1 to 21 of 157
BusinessToday.In
September 17, 2020
Moving bill in Lok Sabha, Finance Minister Nirmala Sitharaman says government was compelled to come out with an ordinance as condition of cooperative banks is \"grave\"; as many as 277 urban cooperative banks have reported losses in 2018-19 fiscal, she adds


Reuters
September 17, 2020
PMC has \"tried to engage with the major banks of the country to request for a merger\", the bank's administrator said in a Sept. 10 filing at the Delhi High Court, without identifying the banks or giving other details


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


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


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


PTI
June 27, 2020
The Ordinance amends the Banking Regulation Act, 1949 as applicable to cooperative banks, an official statement said on Saturday


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


Aprajita Sharma
New Delhi, June 4, 2020
PM Vaya Vandana Yojana pension scheme is offered by Life Insurance Corporation and comes with a lock-in period of 10 years. It gives you an assured annual return of 7.66 per cent per annum


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


Chitranjan Kumar
New Delhi, May 2, 2020
On liquidation, depositors are entitled to repayment of their deposits up to Rs 5 lakh only from the Deposit Insurance and Credit Guarantee Corporation (DICGC) as per usual terms and conditions, RBI said


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


Anand Adhikari
March 19, 2020
Covid-19 pandemic was like a bold from the blue. Over the last seven years, the banks had braved the first of its kind balance sheet clean up with RBI's asset quality review for stressed loans


PTI
March 12, 2020
With the arrest of Jasvinder Singh Banwait, Vishwanatha Shridhar Prabhu and Shripad Govind Jere on Thursday, the number of those arrested in the case reached 15


BusinessToday.In
March 9, 2020
The apex bank had said certain sections of the media had raised concerns about the safety of deposits of certain banks but it is a flawed concern


Rajeev Dubey
New Delhi, March 8, 2020
Yes Bank needs between Rs 20,000 - 22,000 crore to revive. SBI's risks will be ring-fenced with maximum exposure of Rs 10,000 crore. Yes Bank will not be merged with SBI but will remain an associate bank


Aprajita Sharma
New Delhi, March 7, 2020
While you will have to make alternative arrangements for the short-term, you must know your money in the YES Bank account is safe


BusinessToday.In
March 6, 2020
On Thursday, the Reserve Bank of India put Yes Bank under moratorium and capped a withdrawal limit of Rs 50,000


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