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Total 13 results found. Search for [ pmc bank banned by rbi ]

Results 1 to 13 of 13
Prasanna Mohanty
December 2, 2020
RBI panel's proposal to allow big corporates/industrial houses to own and run banks and NBFCs is contrary to RBI's own earlier stand, economic logic and historical evidence of multiple economic crises caused by reckless private financial sector players


Prasanna Mohanty
July 29, 2020
Apart from rise in financial frauds in private companies in India, recent years have also witnessed a rise in the role of shell companies and tax havens in their operations, raising further concerns about illicit operations


BusinessToday.In
November 19, 2019
The primary agenda of the meeting was to discuss the disposal of attached assets and associated legal procedure to raise funds for repaying the depositors and reconstructing the crisis-hit PMC Bank


BusinessToday.In
New Delhi, October 18, 2019
The PMC bank's internal investigating team has found cheques amounting to over Rs 10 crore that were issued by HDIL and its related entities over the past two years but never deposited with PMC


PTI
October 4, 2019
The Bangladeshi prime minister said that India's sudden decision to stop onion exports has lead to a bit of difficulty for her countrymen


BusinessToday.In
New Delhi, October 4, 2019
Mumbai Police on Thursday arrested HDIL promoters Rakesh Kumar Wadhawan and Sarang Wadhawan in the PMC Bank loan case; both have been sent to police custody till October 9


BusinessToday.In
New Delhi, October 4, 2019
PMC bank officials allegedly created 44 hidden accounts with fake credentials to help HDIL; loans given to HDIL later turned into NPAs, leading to its bankruptcy and PMC's exposure of thousands of crores


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


PTI
September 30, 2019
PMC Bank crisis: Of the Rs 8,880-crore loan book (as of September 19, 2019) that PMC had, more than Rs 6,500 crore or over 73 per cent of the assets are with the bankrupt HDIL group only.


BusinessToday.In
New Delhi, September 28, 2019
Joy Thomas says the bank didn't report the matter to the RBI even though repayment from HDIL was irregular for the past three-four years because it held security, which was worth twice the loan amount


Anand Adhikari
September 26, 2019
These violations include financial irregularities, failure of internal control and systems and under-reporting of its (lending) exposure


Anand Adhikari
September 25, 2019
If the RBI is satisfied with progress that the bank can get back to shape in a short period, it will free the bank from its clutches


PTI
September 24, 2019
\"The DCC will be meeting next month sometime and we have already held one meeting this month,\" Telecom Secretary Anshu Prakash told reporters but declined to comment on whether a decision on spectrum prices can be expected in the upcoming meeting.


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