Search For "depositors"
Telangana: CID arrests Falcon Group ex-COO in connection with Rs 4,215 cr
Updated : 2 months, 2 weeks ago IST
Sakhare was apprehended at his residence in Hyderashakot, Hyderabad, for his alleged role in a massive investment scam involving over Rs 4,215 crores collected from over 7,000 unsuspecting depositors across the country.
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Urban Cooperative Banks must be mindful of trust reposed by depositors: RB
Updated : 1 year, 2 months ago IST
Urban Cooperative Banks need to be mindful of their responsibilities, particularly the trust reposed on them by the depositors, said RBI Governor Sanjay Malhotra.
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IndusInd bank is well-capitalised; No need for depositors to worry: RBI
Updated : 1 year, 2 months ago IST
Amid the ongoing crisis in the IndusInd bank, the Reserve Bank of India (RBI) on Saturday released a statement stating that the bank is well capitalised and financially stable.
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Save with Trust: Sundaram Finance Launches Digital Deposit Facility
Updated : 1 year, 3 months ago IST
New Delhi [India], March 4: Sundaram Finance Ltd, one of India's most trusted NBFCs, has introduced a Digital Deposit facility, making savings simpler, safer and more accessible than ever. For over 70 years, Sundaram Finance has been a name synonymous with trust and financial security. With
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ED Mumbai Zonal office conducts raids in Mumbai, Delhi in connection with
Updated : 1 year, 3 months ago IST
ED initiated investigation based on a FIR registered by Economic Offence Wing Mumbai under various sections of IPC, 1860 and the Maharashtra Protection of Interest of Depositors (in Financial Establishment) Act, 1999 (MPID) against M/s Pancard Clubs Limited and others.
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Mumbai: RBI imposes restrictions on New India Co-operative Bank, freezes w
Updated : 1 year, 3 months ago IST
According to the RBI notice, "Considering the bank's present liquidity position Bank has been directed not to allow withdrawal of any amount from savings bank or current accounts or any other account of a depositor but is allowed to set off loans against deposits subject to the conditions st
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Deposit insurers may look for full coverage for small depositors, senior c
Updated : 1 year, 9 months ago IST
Asserting that full insurance coverage for all depositors appears somewhat financially non-viable, RBI Deputy Governor M. Rajeshwar Rao suggested that if this could be given to certain sections of the customers -- small depositors, senior citizens, or pools deposits of smaller depositors
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Unique Features of Shriram Finance's Fixed Deposit Schemes
Updated : 1 year, 11 months ago IST
Mumbai (Maharashtra) [India], June 18: Shriram Finance, a leading financial services company in India, offers a diverse range of fixed deposit (FD) schemes catering to the varied needs and goals of investors. These schemes come with unique features that ensure secure and rewarding investment
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Public Trust Caught in Crossfire of Failed Bank and Consequent Amalgamatio
Updated : 2 years, 3 months ago IST
New Delhi [India], March 6: In light of the Punjab and Maharashtra Cooperative Bank's risky investments that led to its license revocation by the RBI, several organizations faced significant losses. While 95% of the bank's depositors received up to Rs. 5,00,000 as insured amount, certain soc
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CBI registers case against Universal Trading Solutions involved in multi-c
Updated : 2 years, 5 months ago IST
The Central Bureau of Investigation (CBI) has registered a case against Gowtham Ramesh, managing director of Coimbatore-based Universal Trading Solutions Pvt Ltd (UTS), over allegations of duping depositors from all over the country worth approximately Rs 3,000 crores through Ponzi schemes.
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Karnataka govt orders CBI inquiry into frauds in three Bengaluru-based coo
Updated : 2 years, 6 months ago IST
For a long time, investors and depositors have been demanding a probe by the Central Bureau of Investigation (CBI) into the functioning of Sri Guru Raghavendra, Guru Sarvabhouma and Vashishta Cooperative Banks in Bengaluru.
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CBI registers case against Mahila Rindan Samabay Samity in West Bengal for
Updated : 2 years, 8 months ago IST
In the matter of Kalpana Das Sarkar versus the State of West Bengal (WPA No 2103 of 2022), the Circuit Bench of the High Court on August 24 directed the CBI to take over the investigation of a case from CID West Bengal, related to one "Samabay Samiti".
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