Search For "public deposits"
NBFCs shifting funding strategy, tapping public deposits and bond markets
Updated : 11 months, 2 weeks ago IST
India's Non-Banking Financial Companies (NBFCs) are moving away from traditional way of bank borrowings and increasingly turning to public deposits and domestic bond markets for substantial capital raising, according to a recent report by Deven Chokesey Research.
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Housing finance companies unlikely to face difficulty in complying with re
Updated : 1 year, 9 months ago IST
Deposit-taking housing finance companies (HFCs) are unlikely to face difficulty in complying with the Reserve Bank of India's (RBI) revised norms for raising public deposits issued on August 12, 2024, said Crisil Ratings.
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ED arrests two close associates of Pincon Group chairman in funds misappro
Updated : 2 years, 5 months ago IST
The Enforcement Directorate (ED) has arrested two close associates of the Chairman of Pincon Group, Manoranjan Roy and sent both of them to judicial custody in connection with the misappropriation of huge public deposits.
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ED attaches assets worth Rs 6.79 crore in case involving cheating by raisi
Updated : 2 years, 5 months ago IST
The assets were attached under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 which include bank balances worth Rs 0.75 crore and immovable assets worth Rs 6.04 crore.
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Banks should not use public deposits to finance risky projects, says forme
Updated : 4 years, 2 months ago IST
New Delhi [India], March 10 (ANI): Projects with implementation risks should normally be financed by the capital markets and not by banks using public deposits, N S Vishwanathan, Former Deputy Governor, Reserve Bank of India, said on Thursday.
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ED attaches properties worth Rs 1489 crore in Adarsh Credit Cooperative So
Updated : 6 years, 7 months ago IST
New Delhi [India], Oct 7 (ANI): The Enforcement Directorate (ED) on Monday attached properties total worth Rs 1,489 crore in connection with a case of embezzlement of public deposits by Adarsh Credit Cooperative Society Ltd. (ACCSL).
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