PMC BANK CRISIS
Man who lost job at Jet Airways and money at PMC Bank, dies of heart attack
Sanjay Gulati and his 80-year-old father CL Gulati participated in the depositors' protest in south Mumbai on Monday morning.
PMC Bank scam:Police custody of 3 accused extended till Oct 16
The three accused - Housing Development Infrastructure Ltd's (HDIL) chairman a...
RBI wanted PMC chairman Waryam Singh to be sacked in 2018 for irregularities
RBI had found out his involvement in sanctioning loans to realty...
Regulator, auditor should be held responsible for frauds in banks: Anurag Thakur
The comment came on the line of the recent fraud in PMC Bank. He said it is the job of the regulator first to look into those issues and subsequently the RBI has allowed withdrawal of Rs 40,000, which covers around 77% of the affected people.
It wasn't even a fraud, RBI decision harsh: Suspended PMC MD Joy Thomas
Thomas said no fraud took place at PMC bank and termed the whole issue as "technical in nature".
Misuse of common man's hard earned savings is a cardinal sin: Deepak Parekh
The scam at PMC Bank has affected thousands of its depositors as their money is stuck with the urban cooperative bank's after RBI had put a withdrawal limits at Rs 25,000 per accounts last month.
Rs 1,00,000 crore gone in 5 days! How much more pain in store for bank stocks?
A few brokerages say the situation on the ground is not as weak as it looks.
I’m being made the fall guy; HDIL chiefs threatened to sink the bank, says Joy Thomas
Suspended PMC Bank MD Joy Thomas has alleged that there was threat to his life from the Wadhawans.
NHB exposure in DHFL at Rs 2,435 crore
NHB's asset quality was significantly robust despite the concentration of HFCs and commercial banks in its loan portfolio, Ind-Ra said.
How one family rode the housing boom to dizzying heights and now stands accused of a range of financial crimes
DHFL’s troubles started after a Cobrapost sting operation alleged in January that it had siphoned off money.
PMC's HDIL loan at Rs 6,500 crore, or 73 percent of total loan book: Ex-MD Thomas in letter to RBI
The admission came in after a board member leaked the actual balance sheet details to the Reserve Bank, a source in know of the details said.
How trust deficit at multiple levels is hampering animal spirits and growth in India
India’s economy and businesses are facing many measurable, well-understood challenges. But an invisible crisis that is just as corrosive and harder to fix is underway: the erosion of trust. This is playing out at multiple levels.
Only up to Rs 1 lakh, not all money, insured in banks: RBI-owned subsidiary
Finance Minister Nirmala Sitharaman last month said the government plans to bring in legislation on raising the insurance cover on bank deposits from the current Rs 1 lakh during the winter session of Parliament.
View: It’s downright dangerous to equate banks and NBFCs
This distinction is not just a matter of semantics, but a key pillar on which entire modern banking rests.
YES Bank received total bids worth $3 billion, says CMD
We are keeping a close watch on our real estate and telecom portfolios, says Ravneet Gill.
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