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Total 174 results found. Search for [ pmc bank crisis ]

Results 1 to 21 of 174
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


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


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


BusinessToday.In
July 11, 2020
Shaktikanta Das said that from February 2019 onward RBI had cut 135 basis points repo rate till the onset of coronavirus to tackle the slowdown in growth


Prasanna Mohanty
July 1, 2020
Contrary to popular notion, stock markets have repeatedly demonstrated since the 1929 Great Depression that their performance is not really linked to macroeconomic and business fundamentals


BusinessToday.In
June 26, 2020
This would be the first such meet since the coronavirus outbreak. The RBI board is also expected to discuss the state of economy, and banking sector in particular


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


PTI
June 10, 2020
The fraud at the Punjab and Maharashtra Cooperative (PMC) Bank came to light in September 2019 after the Reserve Bank of India found that the PMC Bank had allegedly created fictitious accounts to hide over Rs 4,355 crore of loans extended to the almost-bankrupt HDIL


BusinessToday.In
May 10, 2020
Coronavirus Highlights: West Bengal recorded 153 fresh COVID-19 cases and 14 deaths in last 24 hours, its highest single-day deaths and spike in the number of new cases


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


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


Anand Adhikari
March 6, 2020
The RBI has taken the first step of assessing Yes bank's correct financial, liquidity and solvency position by appointing an administrator


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