Friday, Dec 04, 2020 | Last Update : 08:31 AM IST

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Another PMC Bank depositer dies of heart attack, family says he was under stress

Fattomal Punjabi is reportedly the second customer of PMC Bank to die in less than 24 hours.

16 Oct 2019 9:00 AM

Ex-Jet Airways employee with Rs 90L in PMC Bank dies of heart attack after protest

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

Inflation increased in September but won't 'bring tears' to RBI: Report

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

RBI extends Chhibber's term as J&K Bank's interim CMD for 6 months

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

Yes Bank shares jump over 4 per cent on fresh investment buzz

Shares of the private sector lender rose 4.15 per cent to Rs 43.85 on the BSE.

07 Oct 2019 12:28 PM

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Former MD of PMC Bank arrested in Rs 6500 crore fraud

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

Loans to become cheaper after RBI cuts interest rate to a decade low

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

'Seen it only in media': RBI Governor on Rs 30,000 crore reported payout

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

RBI cuts repo rate by 0.25 per cent to support growth

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

India's services sector activity contracts in Sep on weak demand: PMI

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

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RBI likely to cut policy rate on Friday to boost economy

RBI Governor Shaktikanta Das has already hinted further monetary policy easing while space for fiscal space is limited.

03 Oct 2019 5:50 PM

PMC Bank case: ICAI to check role of auditors

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

India central bank set to cut rates again as fiscal measures fail to cheer

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

Suspended PMC bank chief hid information from RBI to save itself from ‘reputational loss’

‘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

RBI begins policy review meet; rate cut on cards to boost economy

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

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Before RBI clampdown, PMC Bank saw huge cash withdrawals from big depositors

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

India's external debt rises to USD 557.4 billion end-June 2019

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 crisis 'eye opener', RBI looking into lapses: Thakur

PMC Bank came under stress due to alleged financial irregularities forcing the RBI to impose restriction on it.

30 Sep 2019 3:38 PM

IAS Kshatrapati Shivaji front runner for RBI deputy governor post: Report

Since December 2016, Kshatrapati Shivaji is working with the Asian Development Bank as an executive director.

30 Sep 2019 3:18 PM

PMC's HDIL loan at Rs 6,500 cr, or 73 pc of total loan book: Ex-MD Thomas to RBI

The admission came in after a board member leaked the actual balancesheet details to the RBI, said a source.

29 Sep 2019 6:02 PM

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