Page 661 - Finance News

Mumbai police file FIR in PMC Bank fraud case; ED may initiate probe soon

Police to set up SIT team, hire forensic auditor

Huge cash withdrawals seen at crisis-hit PMC Bank ahead of RBI clampdown

RBI put a slew of restrictions in the bank, such as limiting withdrawals to initially at Rs 1,000, which was later increased to Rs 10,000

RBI relief for PMC Bank depositors, withdrawal limit hiked to Rs 40,000

RBI said it reviewed the bank's liquidity position and, with a view to reducing the hardship of the depositors, it decided to further enhance the limit

Wadhawans, Waryam Singh instructed me to hide bad debt, says Joy Thomas

However, when the accused came face to face, they shifted the onus of their acts onto each other, revealed the remand extension application given by the EOW in a Mumbai court on Monday

Mumbai resident who had Rs 90 lakh with PMC Bank dies of heart attack

Sanjay Gulati, the deceased, had lost his job at Jet Airways when the airline was grounded in April, his famly said. He also had a specially-abled child to support

PMC Bank depositor commits suicide, another dies of heart attack

Dr Nivedita Bijlani (39), who allegedly ended life on Monday evening, and Sanjay Gulati (51) who died of a heart attack on the same day, had deposits of over Rs 90 lakh each

PMC Bank case: Praful Patel used Wadhawans' aircraft eight times, says ED

So far, the ED has attached and identified assets worth Rs 3,830 crore in the PMC money laundering case

Give RBI sole and full authority over co-op banks, says central bank staff

The association says RBI should get complete regulatory powers over cooperative banks and start doing on-site supervision.

RBI governor Shaktikanta Das discusses rate transmission with PSBs

The RBI governor also reviewed the credit off-take situation prevailing in the economy amid a slowdown, said sources

Formula on cards to distribute insolvency funds: Corporate Affairs Secy

Srinivas said the "only problem" between financial and operational creditors during the litigation process in bankruptcy cases remains the amount of recovery that the creditors get

HDFC slashes lending rate by 10 basis points, effective from Oct 15

New rates will now range between 8.25 per cent and 8.65 per cent and the change will benefit all existing customers

Shaktikanta Das to meet heads of public sector banks on Tuesday

Bankers' parleys with top policymakers come at a time when growth has slowed to a six-year low due to consumption slowdown and lack of private sector investments

YES Bank completely exits Fortis Healthcare, sells 6.6% stake in bulk deal

YES Bank had become Fortis's biggest shareholder with an approximate 17% stake

Over Rs 81,700 cr disbursed by banks during 9-day loan mela: Sitharaman

She said the banks have sufficient liquidity, and efforts are being made to ensure that due payments are released to the MSME sector

Rate cuts may help sovereign bonds post modest gains despite fiscal woes

Bond Bulls in India Bet on Rate Cuts to Counter Fiscal Worries

Even soaring onion prices may not stop RBI from delivering more rate cuts

Onions have a weight of 0.6 per cent in the overall inflation basket and contribute about 10 per cent to the vegetable basket

GNPA for PSBs in agriculture sector crosses Rs 1-trillion mark: RBI data

Instances and scale of farm loan waivers have seen an unprecedented increase since 2014-15... this surge is driven by state govt, finds RBI study

Citibank to pay $30 million fine to settle real-estate violations

Federal law limits the time a national bank may hold foreclosed and "other real estate owned" (OREO) assets.

RBI's external benchmark move: All but a few link retail loan to repo rate

According to the Reserve Bank of India rules, banks can choose between repo, treasury rates, or any benchmark set by Financial Benchmark India Private Ltd for the rate setting purpose

First time in FY20, credit growth enters single-digit lane as slump spreads

In the first fortnight of the fiscal ending April 12, the credit demand grew 14.19 percent after closing the previous fiscal at 13.24 percent