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Total 47 results found. Search for [ pmc bank latest news ]

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BusinessToday.In
New Delhi, October 7, 2019
Demonetisation caused 3 percentage point decline in jobs, economic activity, says new studyA new study has found that demonetisation led to a significant decline in cash, which lowered India's economic growth and led to a reduction in jobs by at least 2-3 percentage points in the quarter of the note ban. The paper, 'Cash and the Economy: Evidence from India's Demonetisation', written by Gabriel Chodorow-Reich, an associate professor of economics at Harvard; Gita Gopinath, the Econ...


BusinessToday.In
Mumbai, October 5, 2019
With this, all the accused named in the PMC Bank scam have been arrested. On Friday, suspended PMC Bank managing director Joy Thomas was arrested, whereas the Wadhawan duo were detained on Thursday


BusinessToday.In
Mumbai, October 5, 2019
The police demanded Thomas' custody to interrogate him about the irregularities at PMC Bank as he was part of the conspiracy


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 3, 2019
Catch top stories today from the world of business and economy with BusinessToday.In end of day (EOD) report


BusinessToday.In
New Delhi, October 3, 2019
The RBI promised to keep an eye on the position of the Punjab and Maharashtra Co-operative Bank and take necessary steps in the interest of its depositors


Naveen Kumar
October 3, 2019
As per DICGC website, all commercial banks including branches of foreign banks functioning in India, local area banks and regional rural banks are insured by the DICGC


BusinessToday.In
September 30, 2019
Catch the biggest headline from the world of business and economy with BusinessToday.In's end of day (EOD) report


BusinessToday.In
New Delhi, September 30, 2019
The RBI has appointed Jai Bhagwan Bhoria as the administrator of the PMC Bank with all the powers of the board


BusinessToday.In
New Delhi, September 29, 2019
Thomas, in the letter to the RBI, admitted that the exposure to HDIL Group was over Rs 6,500 crore, which is nearly 73 per cent of its total loan book of Rs 8,880 crore as of September 19, 2019


BusinessToday.In
New Delhi, September 27, 2019
PMC Bank crisis: The Congress spokesperson said that PMC Bank's collapse and RBI's restriction on withdrawal has brought back the horrors of demonetisation for PMC Bank customers.


BusinessToday.In
New Delhi, September 26, 2019
Catch the biggest headline from the world of business and economy with BusinessToday.In's end of day (EOD) report


BusinessToday.In
New Delhi, September 26, 2019
PMC Bank crisis: The Reserve Bank of India (RBI) increased the withdrawal limit for Punjab and Maharashtra Co-operative Bank (PMC) depositors to Rs 10,000 from the initial Rs 1,000


BusinessToday.In
New Delhi, September 26, 2019
PMC Bank crisis: Customers have also written to the RBI to revoke the restrictions made on the lender. The letter states that such a restriction will inflict great hardship on the depositors.


BusinessToday.In
New Delhi, September 26, 2019
Catch the top stories from world of business and economy with BusinessToday.In's end of day (EOD) report


Reuters
September 25, 2019
Wenig, 52, will be replaced with Chief Financial Officer Scott Schenkel on an interim basis


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


Niti Kiran
September 25, 2019
PMC Bank is a multi-state scheduled urban co-operative bank (UCB) with operations in Maharashtra, Delhi, Karnataka, Goa, Gujarat, Andhra Pradesh and Madhya Pradesh


BusinessToday.In
New Delhi, September 25, 2019
PMC Bank crisis: According to a report, the biggest reason behind RBI's restrictions was PMC Bank's loan of Rs 2,500 crore to now-bankrupt real estate firm HDIL.


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