During the process of selling of AT-1 bonds, individual investors were not informed about all the risks involved in subscription of these bonds, SEBI said.

RBI said it is engaging with prospective investors in order to secure best possible terms for the depositors and other stakeholders of PMC Bank while ensuring long term viability of the reconstructed entity

In November 2019, the Reserve Bank had referred DHFL, the third-largest pure-play mortgage lender, to the National Company Law Tribunal (NCLT) for insolvency proceedings

PMC Bank bid: The potential consortium of investors includes Germany-based Alfa Pharma GmbH, Investment Fund (Mauritius), NexPact (Mauritius), Global Com Fin Investment LLC (Dubai) and Delhi-based Avtar Instalments

FDI surge from Cayman Islands makes it the new Mauritius; chorus grows China might be routing investments into India through it

Crisis-ridden DHFL said during this quarter, additional transaction amounting to Rs 1,039.84 crore has been identified and reported by the company to stock exchanges and National Housing Bank (NHB)

Last month, PMC Bank administrator A K Dixit in a letter to customers and stakeholders had informed that three prospective investors were given time till February 1, 2021 for submission of their final offer

Billionaire Ajay Piramal's Piramal Group has emerged as the preferred bidder for debt-laden mortgage lender DHFL

DHFL was the first finance company to be referred to NCLT for insolvency proceedings. Before that, the company's board was superseded and R Subramaniakumar was appointed as the administrator

Piramal Enterprises' bid received 94 per cent votes as compared to 45 per cent for the US-based Oaktree Capital

The RBI-appointed administrator for PMC Bank issued a public notice seeking a bid for Dassault Falcon 200 (VT-HDL) and Challenger 300 (VT-PIL), and one yacht (Ferreti 881 HT) this week

PMC Bank, which has been under RBI direction since September 23, 2019, has received four investment proposals from eligible investors for its reconstruction scheme

The stock that crashed to a low of Rs 8.40 in April this year has now gained a whopping 285 per cent in just nine months to touch Rs 32 per share

In the past, Piramal's big strategic moves like Shriram Group stake and merger proposal with IL& FS and IDFC Bank didn't reach logical conclusion

Ghosh was associated with the Reserve Bank of India from 1980 to 1985 and has also offered his consultancy services to The World Bank on three occasions.

Punjab and Maharashtra Cooperative Bank has been put under restrictions, including limiting withdrawals, by the RBI, following the unearthing of a Rs 4,355-crore scam

Customers, including depositors of the Lakshmi Vilas Bank will be able to operate their accounts as customers of DBS Bank India with effect from November 27, RBI informed

Lakshmi Vilas Bank had been under Reserve Bank of India (RBI's) moratorium for a period of 30 days till December 16, 2020, during which withdrawals for depositors were capped at Rs 25,000

Govt has asked RBI to take action against people in management who drives banks to brink of collapse, says Union minister Prakash Javadekar; deal also marks  first instance when a foreign entity was roped in to bail out a struggling bank in India

Lakshmi Vilas Bank stock has lost 48.24% in four sessions