Panel to assess value of assets mortgaged by PMC borrowers
The bank is currently undergoing a forensic audit the report for which will be finalised by the end of this month. But simultaneously, other assets and mortgages are also being identified by investigation agencies and the banking regulator to get back the bank’s dues.
ET Explains: Inside RBI's plan to avert PMC Bank-like embarrassments
New policy measures were announced on Thursday to strengthen the regulat...
Maharashtra govt working on merging PMC and MSC Banks: Jayant Patil
Speaking on the issue of PMC bank depositors, Nationalist Congress Party ...
Maharashtra government wants PMC Bank to merge with MSC Bank
"The government stands behind the PMC Bank depositors. I have spoken with the MSC Bank director and asked him to consider a merger of the two banks to provide relief to the depositors," Patil told mediapersons here this afternoon. He assured that the state's apex cooperative banking entity.
Women should snatch power from men: Priyanka Gandhi on rising crimes
Speaking on the rising crimes against women in the country, Congress general secretary for Uttar Pradesh East, Priyanka Gandhi said that wom...
Bombay High Court junks PMC Bank depositors' plea for lifting of restrictions
In their pleas, the petitioners alleged that the RBI's decision (to put restrictions on cash withdrawal) was irrational, arbitrary and violative of the fundamental rights of common public.
RBI expects forensic audit report on PMC Bank by month-end
The multi-state co-operative bank has been under the RBI restriction since September 23, after it had found financial irregularities, including huge under-reporting of loans and non-performing assets to real estate developer HDIL to the tune of Rs 6,500 crore using hundreds of dummy accounts.
Maha govt suggests merger of troubled PMC Bank with MSC Bank
The PMC Bank has been put under restrictions by the RBI, after an alleged Rs 4,355 crore scam came to light following which the deposit withdrawal was initially capped at Rs 1,000, causing panic and distress among depositors. At least eight depositors, who had high quantum of money stuck with the bank, died in the last couple of months, including one who committed suicide.
Forensic audit on PMC scam expected by month-end: Shaktikanta Das
"There is a forensic audit underway. We will get the report by the end of this month. Assessment of the realisable value of the assets of the bank is also on," Das told reporters after the announcement of the monetary policy.
You cannot take law in your hands: Maneka Gandhi on Hyderabad rape encounter case
Member of Parliament Maneka Gandhi on the recent encounter of Telangana rape accused said that whatever happened is not good for the nation....
Uttar Pradesh govt promises to put Unnao case on fast track
Unnao Police told journalists that it had taken steps to protect the relative. The police also said that it had provided protection to the victim’s family members who are with her in Delhi. It has also made security arrangements for the family when they return to their village.
UP, Delhi police must learn from Telangana police: Mayawati on Hyderabad encounter
Bahujan Samaj Party (BSP) chief and former Uttar Pradesh chief minister Mayawati on Friday commended Telangana Police for its encounter kill...
Two directors of PMC Bank sent to police custody till December 11
The Economic Offences Wing (EOW) of the Mumbai Police had arrested three PMC Bank directors- Jagdish Mookhey, Mukti Bavisi and TruBane- on Tuesday. Of them, Mookhey and Bane were produced before chief metropolitan magistrate court, which remanded them in police custody till December 11.
Hyderabad encounter: For the four rape accused life ended where it all started
The four accused, all lorry workers in their early 20s , were arrested on November 29 for allegedly raping the woman, killing her by smothering her and finally burning her body. The gruesome assault had drawn national outrage, with members of civil society, woman rights activists and even Parliamentarians calling for the harshest possible punishment for the accused persons.
Mayawati praises Hyderabad police post-encounter, asks UP Police to take inspiration
BSP president Mayawati on Friday praised the Hyderabad Police for its strong action against the accused in the gang rape and murder of a 25-year-old veterinarian and asked the Uttar Pradesh Police to take inspiration from them.
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