PUNJAB STATE COOPERATIVE BANK
Police shares findings on PMC’s arrested auditors with ICAI
According to the police, Rakesh and Sarang Wadhawan of real estate firm HDIL, who are among the accused in the case, had allegedly tampered with the bank’s core banking solution to operate 44 password-protected accounts. Overdrafts disbursed by the bank to these accounts eventually made it to the accounts held by HDIL or its promoters, the police had alleged.
PMC crisis: Farhan Akhtar expresses disappointment in a cryptic tweet, wants culprits to 'rot in jail'
In the last four days, four people hav...
Punjab & Sind Bank seeks to mop up Rs 500 crore via QIP
The bank's board will meet on December 6 to consider and approve the fundraising.
In concession to Pakistan, Saudi Arabia to host OIC meet on Kashmir
In a move that could impact ties with India, Saudi Arabia has agreed to hold a special foreign ministers’ meeting of the Organisation of Islamic Cooperation (OIC) devoted to Kashmir after it persuaded Pakistan to back out of an Islamic summit hosted by Malaysia last week.
Share market update: Bank shares gain; RBL Bank up 2%
The Nifty Bank index was trading 0.38 per cent up at 31,995.90.
PMC Bank scam:Police custody of 3 accused extended till Oct 16
The three accused - Housing Development Infrastructure Ltd's (HDIL) chairman and managing director Rakesh Wadhawan, his son Sarang Wadhawan and PMC Bank's former chairman Waryam Singh - were produced before a metropolitan magistrate on Monday as their police custody ended.
Stock market update: Bank stocks mixed; YES Bank gains 2%
The Nifty Bank index was trading 0.07 per cent down at 32,317.85.
UTI AMC files papers for IPO with Sebi
The issue consists of an OFS by shareholders including SBI, BoB, LIC, PNB and T Rowe Price.
2020 may see PSBs leading from the front, pharma outperforming: Sanjiv Bhasin
Discretionaries like auto and select other FMCG stocks could also be outperformers in 2020.
Indian banks back in UK court over Vijay Mallya's non-payment of debt
Besides SBI, the 13 Indian banks include Bank of Baroda, Corporation bank, Federal Bank Ltd, IDBI Bank, Indian Overseas Bank, Jammu & Kashmir Bank, Punjab & Sind Bank, Punjab National Bank, State Bank of Mysore, UCO Bank, United Bank of India and JM Financial Asset Reconstruction Co. Pvt Ltd.
RBI imposes restrictions on PMC Bank; withdrawal restricted to Rs 1,000 per account
The bank won't be allowed to make any fresh loans, RBI said. The curbs will be in force for six months.
PMC bank scam: Depositors stages protest outside RBI, several detained by police
Depositors of Punjab and Maharashtra Co-operative Bank (PMC) staged a protest outside Reserve Bank of India on November 05. They have been d...
View: It's time to reform India's cooperative banks
Banks of all kinds have been hit by frauds. But the UCBs are the odd man out. They are nobody’s child.
Lenders voice concerns over maturing letters of credit by PMC Bank
One of the largest urban cooperative banks in the country, PMCB has been active in issuance of LCs. Among its regular clients was a Mumbai-headquartered steel company with which it shared a long relationship.
PMC Bank depositor dies, family says no link with crisis
68-year-old Keshumalbhai Hinduja, who had an account with the scam-hit PMC Bank died in suburban Mulund, his relatives said on Thursday. They, however, did not the blame the crisis at the bank for his death. He is the sixth known PMC Bank depositor who died after restrictions were imposed on withdrawal of funds from the bank.
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