The biggest lessons for India from the PMC Bank fiasco
HDIL’s hijacking of PMC is just the latest in the subversion of co-op banks by the influential & crooked.
FM Nirmala Sitharaman to meet CEOs of PSU banks on Monday
The meeting is expected to review fund flow to stressed NBFC and MSME (micro, small and medium enterprises) sectors, sources said.
Realty bites: Indian property slump leaves beleaguered banks exposed
The NBFC fallout could now spread to mainstream banks that have lent money to the shadow lenders.
World Bank cuts India's growth projection to 6 per cent
In 2018-19, the growth rate of the country stood at 6.9 per cent.
Eight of top 10 firms add Rs 80,943 crore in m-cap; RIL leads
The m-cap of Reliance Industries (RIL) zoomed Rs 28,494.36 crore to Rs 8,57,303.03 crore.
PNB, UBI, OBC merger: Outside expert may be roped in to decide logo of new entity
"The new name and logo of the merged entity will be decided after inviting suggestions from all and sundry," a top UBI official told.
Buzzing stocks: YES Bank, TCS, IndusInd Bank, Infosys
TCS (Rs 298.04 crore) was leading the pack of most active stocks in value terms.
The market’s favorite megabank is surrounded by a lending crisis
Investors pile into HDFC Bank’s stock, convinced it will emerge winner from India’s financial woes.
Brokerages give a thumbs down to IndusInd Bank’s numbers
Provisions and contingencies jumped 24.97 per cent on a yearly basis to Rs 737.71 crore.
Bangladesh, Nepal ahead of India as growth in South Asia slows down: World Bank report
Growth in South Asia is projected to fall to 5.9% in 2019, down 1.1 percentage points from April 2019 estimates, casting uncertainty about a rebound in the short term, the World Bank said in its report.
Bandhan Bank ends 15% up ahead of MSCI entry
Shares of Bandhan Bank ended 15 per cent higher at Rs 583.40.
Spoken to RBI Guv, concerns of PMC bank's customers will be addressed: FM
The bank was put under 'directions' by RBI last month due to weak financial health, wherein the central bank has capped the deposit withdrawals at Rs 25,000.
Mehul Choksi cheated Punjab & Sind Bank of Rs 44 crore
This is the first time the 111-year-old bank has come clean on the default perpetrated by Choksi, who has now settled as a citizen of Antigua & Barbados, the West Indies.
Altico and Mashreq approach RBI against HDFC Bank
Altico Capital had early last month said it defaulted on an interest payment to Mashreq Bank.
Will discuss PMC Bank issue with PM: Devendra Fadnavis tells depositors
Aggrieved depositors put forth their woes to the CM, who gave them a patient hearing, but said he could not give them any assurance as the model code of conduct was in force.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service