Banks

Omission Of Irregularities In PMC Bank Working Will Be Probed: Mumbai Police

Mumbai News | Press Trust of India | Thursday October 17, 2019

The Mumbai Police will investigate how the Reserve Bank of India audit missed various irregularities in the PMC bank transactions, the metropolis police chief said on Wednesday.

Sell Our Assets To Pay Off PMC Bank's Dues, Wadhawans To RBI, Agencies

India News | Press Trust of India | Thursday October 17, 2019

Promoters of real estate group HDIL, Rakesh and Sarang Wadhawan, who are the prime accused in the PMC Bank scam, have requested the RBI and investigation agencies to sell off their assets, including a yacht, a Rolls Royce and an aircraft, to pay off the bank's dues.

PM Should Remove Withdrawal Limit For PMC Bank Depositors: Congress

India News | Press Trust of India | Thursday October 17, 2019

The Congress party on Wednesday challenged Prime Minister Narendra Modi to show "courage" and announce the removal of cap on withdrawal of money by depositors of scam-hit Punjab and Maharashtra Co-operative (PMC) Bank.

PMC Bank Crisis: PMC Bank Customers Stage Protest Outside RBI

India News | Press Trust of India | Thursday October 17, 2019

Around 50 depositories of the scam-hit Punjab and Maharashtra Cooperative Bank staged a protest outside the RBI demanding revoking restrictions on cash withdrawal, currently capped at Rs 40,000 over a six-month period.

Money Withdrawn From Customers' Account In Assam, Bank Manager Arrested

India News | Press Trust of India | Wednesday October 16, 2019

The branch manager and a fourth-grade employee of a bank in Hailakandi district were arrested on Wednesday after many customers complained that money was withdrawn from their accounts in an unauthorised manner, police said.

Former PMC Bank Director Arrested After Questioning Over Scam

India News | Edited by Anuj Pant | Wednesday October 16, 2019

PMC Scam: A former director of the Punjab and Maharashtra Bank or PMC Bank, mired in controversy after a multi-crore scam, was arrested today by Mumbai police's Economic Offences Wing or EOW.

Banking Operations May Be Hit On October 22 Due To Strike: Bank Of Baroda

Business | Edited by Anshul | Wednesday October 16, 2019

Bank strike: The strike has been called by the All India Bank Employees Association (AlBEA) and the Bank Employees Federation of India (BEFI).

Supreme Court To Hear Plea For Protective Measures Over PMC Bank Scam

India News | Press Trust of India | Wednesday October 16, 2019

PMC Bank Scam: The petition has sought a direction for issuance of an "exhaustive and comprehensive guideline" to safeguard the banking and co-operative deposits in the eventuality of emergency financial crisis where citizens are financially stranded by the acts of few "unscrupulous persons".

Congress Can't Take Stand On Nationalism, Says Amit Shah

India News | Press Trust of India | Wednesday October 16, 2019

Union Home Minister Amit Shah today attacked the Congress over Article 370 and accused it of not taking a stand on nationalism because of vote bank politics.

Slowing Bank Lending Overshadows Economic Rebound Hopes: Report

Business | Reuters | Wednesday October 16, 2019

While some major non-banking financial companies (NBFCs) have been going slow on lending, others stopped completely.

Bank Of Maharashtra Complains Of Fake News About Financials

Business | ANI | Wednesday October 16, 2019

The government-owned bank said it has requested authorities to detect the origin of fake news maligning its image.

PMC Bank Case To Be Heard In Supreme Court Tomorrow, Accused In Custody Till October 23

India News | Reported By Himanshu Shekhar Mishra, Edited By Richa Taneja | Wednesday October 16, 2019

PMC Bank crisis: Former chairman of Punjab and Maharashtra Cooperative Bank Waryam Singh and other accused HDIL directors Rakesh Wadhawan, Sarang Wadhawan have been sent to judicial custody till October 23.

Xiaomi Redmi Note 8 Pro First Impressions

Jamshed Avari | Wednesday October 16, 2019

Redmi Note 8 Pro offers a powerful new processor and 64-megapixel camera in order to stay ahead of the competition.

Raghuram Rajan "Chose" To Head RBI At A Time...: Nirmala Sitharaman's Jibe

India News | Edited By Debanish Achom | Wednesday October 16, 2019

Finance Minister Nirmala Sitharaman said a "very democratised leadership led to a whole lot of corruption", days after former Reserve Bank of India Governor Raghuram Rajan criticised the government led by Prime Minister Narendra Modi for being "extremely centralised".

He Lost His Wallet. Then His Bank Account Began To Receive Money

Offbeat | Wednesday October 16, 2019

How a Good Samaritan found an ingenious way to return a lost wallet.