PUNJAB STATE COOPERATIVE BANK
Person of Indian Origin (PIO) figures in Europe’s biggest tax heist
They fooled the system in a way that that two investors could claim refunds for taxes that were paid just once.
PIL filed in SC against DoT for not taking coercive action on AGR dues
The petition states that telcos have “willfully” “disobeyed” paying th...
Mumbai: Charkop building to serve as case study for self-redevelopment
What makes this project unique is that it was executed by residents th...
India-Poland can promote rules-based world order: Polish Institute of International Affairs
Poland is India’s largest trade partner and export destination in the Central European region, with bilateral trade growing almost seven-fold over the last ten years. As per Indian statistics, the overall value of bilateral trade in 2018 was $ 2.351 billion. India’s export to Poland contributed to 0.48% of overall India’s export.
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.
Why India must end Yes Bank’s theater of the absurd
The new management keeps dangling improbable funding options — ranging from an unnamed global technology firm to a Canadian businessman living in a motel — only to strike them off the list of white knights.
PMC bank not linked with Punjab State Cooperative Bank & District Central Cooperative Banks
Cooperative Banks of Punjab in sound financial condition, says MD SK Batish.
UCBs asked to report exposures above Rs 5 crore
The central bank has issued detailed guidelines for reporting such exposure by UCBs to the CRILC (Central Repository on Information on Large Credits) every quarter. Banks need to submit the data on large exposures within 30 days from the end of the quarter through the XBRL reporting platform of the Reserve Bank of India (RBI).
RBI issues its first licence to an UCB to convert into Small Finance Bank
The “in-principle” approval granted will be valid for 18 months to enable the applicant to comply with the requirements under the scheme, the Reserve Bank said in a release.
Post-CBI case, Adani says complied with laws, denies wrongdoing
The Central Bureau of Investigation (CBI) on Thursday had registered a case against former officials of the National Co-operative Consumer Federation (NCCF) and others over alleged irregularities in supply of coal to the Andhra Pradesh Power Generation Corporation (APGENCO) in 2010.
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.
RBI asks UCBs to report large accounts data almost with immediate effect
The detailed guideline stipulate that the reporting frequency of the CRILC (Central Repository on Information on large Credits)– UCBs return is quarterly to start with.
India, Central Asian region have exclusively positive dynamics: Uzbek Foreign Minister
“…New Delhi is associated among the countries of the region not with competition for regional leadership, but as an example of mutually beneficial and respectful cooperation. From of old, India’s role in our region has always been constructive and in-demand one,” Kamilov said in his ministerial address at Raisina Dialogue.
Working with India on pact against unilateral US Sanctions: Sergey Lavrov, Russia’s foreign minister
Against the background of the increasingly aggressive use of financial sanctions by the US administration, Russian policy is aimed at gradual de-dollarisation of the economy. Together with our main partners, including India, we are working on developing economic and legal mechanisms to reduce the negative impact of restrictions, asserted Russia’s foreign minister.
L&T construction arm bags 'large' orders from multiple clients in domestic market
In a filing to BSE the company said in the water and effluent treatment segment it has bagged engineering, procurement and construction (EPC) from the Public Health Engineering Directorate, West Bengal for water supply in East Medinipur district. The project is funded by Asian Development Bank (ADB).
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