PUNJAB STATE COOPERATIVE BANK
CBI searches residence of accused in Rs 1,038 cr black money remittance case
The CBI has booked 51 entities, mostly owned by Chennai residents, for allegedly remitting Rs 1,038 crore black money to Hong Kong in connivance with unidentified officials of three state-owned banks -- Bank of India, SBI and Punjab National Bank. The CBI has alleged that 24 accounts were used for outward foreign remittances in USD equivalent to Rs 488.39 crore.
Government mulls raising insurance cover on bank deposits to above Rs 1 lakh: Nirmala Sitharaman
FM said the government will bring legislatio...
FASTag mandatory now. Here are banks' customer care numbers for help
FASTags are currently issued by 23 certified banks through various chann...
Mother Dairy increase milk prices by Rs 2-3 a litre, Amul increases product prices of butter, ghee, cheese, curd by 3% to 5%.
This will be the second increase of liquid milk after prices were raised by a similar amount in May this year by the dairy cooperatives. The new prices will come into effect on Sunday, said Amul's managing director RS Sodhi. The dairy cooperative passes on almost 80 paise of every rupee paid by consumers to milk producers.
Share market update: Bank shares gain; RBL Bank rises 3%
The Nifty Bank index was trading 1.37 per cent up at 31803.15 .
DICGC faces a claim of Rs 14,000 crore from co-operative banks including PMC: RBI
The extent of devolvement on DICGC in the event of all the banks ‘under direction’ or weak banks going into liquidation/ordered to be wound up, would be Rs 14098 crore as of end September, 2019, RBI said. The break-up would be Rs 3,414 crore in the case of state cooperative banks, district central cooperative banks and ₹10,684 crore in the case of UCBs including PMC Bank.
UTI Mutual Fund gets Rs 20.50 crore from Altico Capital
UTI Credit Risk Fund had an exposure of about Rs 200 crore in debt security of Altico Capital.
Punjab launches EMS & Web-GIS to ease Business
Sunder Sham Arora, Industries and Commerce Minister highlighted that all PSIEC allotees will be given access to an online dashboard which will be used for managing all aspects of their industrial plot. Post-allotment services shall be made available online, including, applying Water/Sewage connection.
Air pollution: Environmental organisations urge PM to declare national health emergency
As pollution levels in the entire north India rose alarmingly over the last two days, environmental organisations on Thursday requested Prime Minister Narendra Modi and all state governments to declare a national health emergency.
PMC Bank depositors' worries to be taken up with RBI: Minister
Punjab and Maharashtra Cooperative (PMC) Bank, over a long period of time, had given more than Rs 6,700 crore in loans to the Housing Development and Infrastructure Ltd, which is 73% of its total advances, and which turned sour with the bankruptcy of the company. Its total loans stand at around 9,000 crore and the deposits at over Rs 11,610 crore.
Deposit Insurance Corporation sees Rs 14,100-cr claims amid PMC crisis
The Financial Stability Report said that all the claims may not materialise at the same time.
RBI proposes cap on single party exposure for UCBs, also hike priority sector lending threshold
RBI is working on a plan to cap exposure limits for UCBs for a single borrower/party to 10%.
Pawar meets Anurag Thakur to discuss revival of scam-hit PMC Bank
The PMC Bank has been put under restrictions by the RBI, after a multi-crore scam came to light following which the deposit withdrawal was initially capped at Rs 1,000, causing panic and distress among depositors. The withdrawal limit was increased gradually to Rs 50,000.
PMC Bank scam: SC stays HC order allowing shifting of HDIL promoters from jail to their residence
The Supreme Court on Thursday partially stayed the Bombay High Court order allowing shifting of HDIL promoters Rakesh Wadhawan and Sarang Wadhawan, accused in the multi-crore Punjab & Maharashtra Cooperative (PMC) Bank scam case, from Mumbai's Arthur Road Jail to their residence.
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