In this case, the loans were not shown in the name of HDIL but were shown in the accounts of different names.
17 Oct 2019 8:59 AM
Fattomal Punjabi is reportedly the second customer of PMC Bank to die in less than 24 hours.
16 Oct 2019 9:00 AM
According to reports in a section of media, Gulati lost his job after the grounding of Jet Airways and is survived by a specially-abled son.
15 Oct 2019 12:17 PM
If the consensus is right, inflation will come in below the RBI’s medium-term target for 14 months in a row.
10 Oct 2019 3:31 PM
Chibber took over the bank's reins for three months in June following the removal of Parvez Ahmed from the post by the state govt.
09 Oct 2019 12:09 PM
Shares of the private sector lender rose 4.15 per cent to Rs 43.85 on the BSE.
07 Oct 2019 12:28 PM
The agency conducted searches at six places in Mumbai and neighbouring areas linked to the former chairman of the bank, promoters of HDIL.
04 Oct 2019 8:10 PM
RBI will continue accommodative stance as long as it is necessary and growth revives, said RBI Gov Shaktikanta Das.
04 Oct 2019 4:11 PM
As per media reports, the government might seek an interim dividend of about Rs 30,000 crore from the RBI towards the end of financial year.
04 Oct 2019 3:19 PM
The repo rate has been brought down to 5.15 per cent to help reduce borrowing costs for home and auto loans.
04 Oct 2019 12:08 PM
The IHS Markit India Services Business Activity Index fell to 48.7 in September from 52.4 in August.
04 Oct 2019 11:54 AM
RBI Governor Shaktikanta Das has already hinted further monetary policy easing while space for fiscal space is limited.
03 Oct 2019 5:50 PM
ICAI on Wednesday said it has triggered its disciplinary mechanism and has written to the bank as well as regulatory agencies.
02 Oct 2019 3:56 PM
With current inflation remaining benign, we expect RBI to opt for a 40 bps rate cut, said Yes Bank's Yuvika Oberoi.
02 Oct 2019 2:41 PM
‘As loans outstanding were huge and if these were classified as NPA it would have affected the profitability,’ the letter said.
01 Oct 2019 5:49 PM
The six-member MPC is scheduled to announce the fourth bi-monthly monetary policy for 2019-20 on Friday, October 4.
01 Oct 2019 5:19 PM
RBI has put on PMC strict restrictions including limiting withdrawals at Rs 10,000 and banning it from lending for next six months.
01 Oct 2019 9:42 AM
Excluding the valuation effect, the increase in external debt would have been USD 12.4 billion instead of USD 14.1 billion.
01 Oct 2019 9:15 AM
PMC Bank came under stress due to alleged financial irregularities forcing the RBI to impose restriction on it.
30 Sep 2019 3:38 PM
Since December 2016, Kshatrapati Shivaji is working with the Asian Development Bank as an executive director.
30 Sep 2019 3:18 PM