The rating agency, however, expects the government to support the banks directly rather than the finance companies.

PM Bank crisis: BJP Maharashtra Vice-President Kirit Somaiya tweeted on Wednesday morning that needy depositors can apply for the same at their respective branches.

Commenting on gold prices ahead of Dhanteras, Jateen Trivedi, Senior Research Analyst (Commodity & Currency) at LKP Securities quoted,\"With Diwali less than a week away it looks likely investors shall get ample time to buy the Gold in this range of 38000 levels as the metal looks steady\"

Punjab and Maharashtra Cooperative (PMC) Bank's former director Surjit Singh Arora was arrested last week by Mumbai Police's Economic Offences Wing (EOW) in connection with the alleged Rs 4,355 crore scam

The aim is to bring down cases of data theft and reduce operational risks. But the lenders are afraid that this might lead to deceleration of consumer loans and credit cards.

Bank of Maharashtra, Syndicate Bank, Bank of Baroda have said their operations could be hit; the unions are protesting against recent bank mergers, falling deposit rates and job security

The strike has been called by All India Bank Employees' Association (AIBEA) and the Bank Employees Federation of India (BEFI) to protest against recent bank mergers, falling deposit rates and issues of job security

On Monday, banks are shut due to the elections and on Tuesday a couple of bank unions have called for a strike to protest against the 10 PSU bank mergers

Domestic markets will resume trading on Tuesday, October 22, when they could likely be reactive to unresolved geopolitical tensions.

Nearly a month after the RBI clamped down on the operations of scam-hit PMC Bank, the depositors say their woes have only worsened, with some unable to pay school fees of their wards, while others finding it difficult to meet medical expenses

Assuaging concerns of depositors facing hardships due to restrictions on withdrawal of funds from the scam-hit bank, CM Devendra Fadnavis said that money of account-holders would remain safe

PMC Bank crisis: The depositors gathered outside the RBI around 11.45 am and held protests by showing placards and chanting slogans against PMC Bank and the RBI, a police official said.

\"The government will go all the way to achieve one billion tonne coal production at the earliest and (put an) end (to the) dependence on imported coal,\" said Coal Minister Prahlad Joshi

The deceased's son says his father was unwell for a long time and that doctors had asked him for bypass surgery; he could not withdraw money after the RBI put restrictions on cash withdrawal from the bank

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