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Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

PMC depositors protest outside RBI office seeking payback

Five persons, including HDIL promoters and bank's top management, have been arrested.

29 Oct 2019 5:48 PM IST

Indias forex reserves have shot up considerably.

Forex reserves cross USD 440 billion mark, up by USD 1.04 billion

The value of the gold reserves increased by USD 82 million to USD 26.861 billion for the week, the RBI said.

25 Oct 2019 7:55 PM IST

The RBI minutes from October policy review underscored the monetary policy committee members unanimous decision to keep rates lower.

RBI may cut rates in December: report

A modest overshoot in recent inflation outruns is outweighed by downside risks to RBI's growth estimates.

24 Oct 2019 1:10 PM IST

The country also figured among the top 10 performers on the list for the third time in a row. (Representational Image)

India moves up 14 spots to 63 on World Bank's ease of doing business...

New Zealand, Singapore and Hong Kong topped the list this year.

24 Oct 2019 8:13 AM IST

Ravinder Rana, Chief Medical Superintendent of the district hospital said, We tried to resuscitate his breathing but there was no response from him as he was brought dead here. (Photo: Representational)

PMC depositor dies after being unable to withdraw funds for heart...

The victim, Murlidhar Dharra, 83, had as much as Rs 80 lakh in deposits with PMC Bank but could not withdraw money due...

19 Oct 2019 8:52 AM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

Omission of irregularities in PMC bank working will be probed: Mumbai...

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 IST

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

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

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

16 Oct 2019 9:00 AM IST

Sanjay Gulati, a resident of suburban Oshiwara, went to a protest march held outside a city court on Monday morning and had been under stress because of his deposit being stuck, said Manali Narkar, who was among the agitating depositors. (Photo: Twitter)

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

According to reports in a section of media, Gulati lost his job after the grounding of Jet Airways and is survived by a...

15 Oct 2019 12:17 PM IST

Inflation in onion continued to rule high at 42.22 per cent and in potato at 43.25 per cent.

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

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 IST

The extension is effective from October 10 October to April 9 next year. (Photo: ANI)

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...

9 Oct 2019 12:09 PM IST

Global rating agency Moodys Investors Service on Tuesday placed Yes Banks foreign currency issuer rating of Ba1 under review for downgrade.

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.

7 Oct 2019 12:28 PM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

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,...

4 Oct 2019 8:10 PM IST