Fourth arrest in PMC Bank case: Ex-chairman Waryam Singh held
EOW has already arrested former managing director of the bank Joy Thomas, and promoters of HDIL group Rakesh and Sarang Wadhawan in the case.
PMC Bank depositor dies, family says no link with crisis
68-year-old Keshumalbhai Hinduja, who had an account with the scam-hit PMC Bank died...
Did not know about loans to HDIL, says PMC Bank director
The Economic Offences Wing (EOW) of Mumbai Police has arrested five persons in the R...
PIL in HC seeks lifting of restriction on cash withdrawal from PMC bank
A bench of Chief Justice D N Patel and Justice C Hari Shankar issued notice to the Finance Ministry, Delhi government, RBI and the PMC bank directing them to indicate their stand on the plea which has sought 100 per cent insurance cover for customers' money deposited in the bank. The RBI had earlier unearthed a Rs 4355-crore scam by PMC Bank .
Indian-origin CEO sentenced to over 4 yrs in prison for securities fraud
Anilesh Ahuja, 51 was the founder, chief executive officer, and chief investment officer of Premium Point Investments (PPI). He was sentenced to 50 months in prison in connection with his conviction following a jury trial for engaging in a securities mismarking scheme from 2014 to 2016, Attorney for the US Audrey Strauss said.
PMC depositors hold protest outside RBI office; nine detained
The protesters gathered at the spot at 11 am and started raising slogans demanding they be allowed to withdraw money from their accounts above the limit prescribed by the apex bank. At least nine protesters were taken into custody, the police official said.
Govt should work with regulators to fix problems in Karvy, DHFL fraud cases: Congress
The Congress in Rajya Sabha on Tuesday said steps being taken by multiple regulatory authorities in cases related to alleged fraud at Karvy Stock Broking (KSBL) and DHFL could be "legally questionable" and the government should work with regulators to fix the problem.
Bank auditors have to be more vigilant
Under the new framework, statutory auditors, in verifying whether an NPA has been correctly identified by the bank, should not confine to the objective tests laid down but “display a greater degree of scepticism and independence” in scrutinising banks’ exposure to big borrowers.
Ecommerce consumer law may include social media shopping
85% of respondents to an online poll said social networks should be subject to e-commerce rules and policies.
PMC Bank crisis 'eye opener', RBI looking into lapses: Anurag Thakur
of the Rs 8,880-crore loan that PMC had, more than Rs 6,500 cr of the assets are with the bankrupt real estate HDIL group only which turned NPA two years back.
Assets worth Rs 3,830 crore seized in PMC Bank case: Enforcement Directorate
The agency claimed that the total value of assets identified till now is more than Rs. 3830 Crores and investigations are in progress to identify and locate more of such ‘laundered assets’.
RBI will not let any co-operative bank to collapse: Shaktikanta Das clarifies on rumours
RBI Governor Shaktikanta Das on Friday said one should not use one incident to generalise the situation in the entire co-operative banking s...
GST authorities unearth racket involving Rs 140 cr tax fraud
New Delhi, Nov 26 () GST authorities have unearthed a tax racket and arrested one person for allegedly defrauding the government to the tune of about Rs 140 crore through fraudulent means.
Religare fraud: Court refuses bail to Shivinder Mohan Singh
Opposing his bail, EOW had alleged that documents collected during investigation reflect a pivotal role of Shivinder in conspiracy with co accused Malvinder Mohan Singh and other co- accused to “misappropriate funds of such large magnitude”.
'Working on amending co-operative bank act': RBI Guv Das on PMC Bank crisis
Reserve Bank Governor Shaktikanta Das on Thursday said it is closely monitoring the situation at scam-hit PMC Bank and a forensic audit is u...
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