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RBI quells rumours on banking system, says no need for depositors to panic
Updated : 6 years, 5 months ago IST
New Delhi [India], Oct 1 (ANI): The Reserve Bank of India (RBI) on Tuesday sought to quell rumours in some locations about certain banks including cooperative banks, resulting in anxiety among the depositors.
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No connection between RBI's action and FIR filed by Religare: Lakshmi Vila
Updated : 6 years, 5 months ago IST
New Delhi [India], Oct 1 (ANI): Lakshmi Vilas Bank (LVB) issued a public notice on Tuesday stating that the recent restriction imposed by Reserve Bank of India (RBI) as prompt corrective action (PCA) has no connection with the first information report registered by the Economic Offences Wing
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India's current account deficit narrows to 2 pc of GDP: RBI
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Oct 1 (ANI): India's current account deficit (CAD) narrowed to 14.3 billion dollars or two per cent of the gross domestic product (GDP) during April to June, data released by the Reserve Bank of India showed.
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PIL in Bombay HC seeking to quash RBI's directions imposing restrictions o
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Sept 30 (ANI): A public interest litigation (PIL) was filed in the Bombay High Court seeking to quash the RBI directions imposing withdrawal limits on account holders in Punjab and Maharashtra Cooperation (PMC) bank.
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Mumbai: EOW registers FIR against HDIL, PMC bank officials
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Sept 30 (ANI): The Economic Offences Wing (EOW) of Mumbai Police on Monday registered an FIR against the senior officials of HDIL and PMC bank in connection with a fraud of over Rs 4,355 crores.
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PMC bank didn't disclose exposure for over 6 years: Suspended MD Joy Thoma
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Sept 28 (ANI): Punjab Maharashtra Cooperation (PMC) Bank did not report the financial exposure to the Reserve Bank of India (RBI) for over six years, suspended MD, Joy Thomas admitted on Friday.
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RBI initiates prompt corrective action for Lakshmi Vilas Bank after direct
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Sep 28 (ANI): The Reserve Bank of India (RBI) has initiated prompt corrective action for the troubled Lakshmi Vilas Bank (LVB), a day after the private lender said that the Economic Offences Wing of Delhi Police is probing allegations of cheating and criminal
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Suspended PMC Bank MD says withdrawal limit for depositors could soon be R
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Sept 28 (ANI): The limit for withdrawal for the depositors of the Punjab and Maharashtra Co-operative (PMC) Bank has been increased to Rs 10,000 and it might soon be extended to Rs 1 lakh, said suspended Managing director of the bank, Joy Thomas.
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Congress accuses RBI of systemic failure as regulator
Updated : 6 years, 5 months ago IST
New Delhi [India], Sept 27 (ANI): The Congress on Friday accused the Reserve Bank of India (RBI) of 'systemic failure' in regulating the affairs of Punjab and Maharashtra Cooperative Bank and demanded the central bank should withdraw instructions to restrict withdrawals initially to Rs 1,000
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ROK ships visiting 'Munmu the Great' and 'Hwacheon' visiting Mumbai from S
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Sept 26 (ANI): Republic of Korea (ROK) Cruise Training Task Group (CTTG) ships consisting of 'Munmu the Great' and 'Hwacheon' are visiting Mumbai from September 25 to 27.
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RBI increases withdrawal limit from Rs 1,000 to 10,000 for PMC Bank custom
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Sep 26 (ANI): In a relief for Punjab and Maharashtra Cooperative (PMC) Bank customers, the Reserve Bank of India (RBI) on Thursday increased the withdrawal limit from Rs 1,000 to 10,000.
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PMC bank account holders upset over Rs 1,000 withdrawal limit rule
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Sept 26 (ANI): Following RBI restrictions on activities of Punjab and Maharashtra Cooperative Bank (PMC Bank) for six months, several account holders gathered outside the Sion branch here on Thursday.
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