Business Tit-Bits: What was the RBI doing?
The collapse of the PMC Bank has brought into focus the role of auditors and the regulator again. Much as the Reserve Bank says that...
Tag : RBI
#Video: Business Headlines: Nobel Prize Winner Slams Modi Policies
It was a matter of pride that the Noble Prize in Economics this year has been awarded jointly to 58 year old Indian-American Abhijit Banerjee,...
With 90 Lakhs stuck in PMC bank, ex-Jet Airways employee dies of cardiac arrest
Reportedly, the deceased Sanjay Gulati had a deposit of Rs 90 lakh in PMC bank. Due to the ban, he was unable to withdraw his...
PMC Bank Scam: RBI increases withdrawal limit to Rs 40,000
. RBI last month imposed a 6-month ban on PMC and fixed the withdrawal limit for customers at Rs 1000. Later this limit was increased...
Business Tit-Bits: Why Did the RBI refuse?
RBI did not consider India Bulls Housing to be a worthy partner to Laxmi Vilas Bank and nor did it consider Samir Gehlaut and Gagan...
#Video Business Headlines: First of its kind research paper exposes truth about demonetisation
A first of its kind research paper focusing on the impact of demonetisation on an all India basis right up to the district level was...
PMC Bank MD Joy Thomas arrested by Mumbai Police
ED registered a money laundering case against PMC bank officials and directors of realty firm HDIL Rakesh and Sarang Wadhawan in the PMC Bank case....
Business Tit-Bits: Interest rate cut, so what?
In an effort to give a boost to the the economy, the Reserve Bank of India (RBI) on Friday reduced its key policy rate for...
RBI cuts Repo Rate to 5.15% – lowest since March 2010 , reduces GDP growth estimate
RBI reduced the economic growth rate estimate to 6.1% for the current financial year (2019-20). The last estimate of growth was 6.9%. New Delhi|...
PMC Bank Scam: ED registers money laundering case, raids 6 locations in Mumbai
The HDIL group and PMC official nexus came into the light after the RBI put restrictions on the bank. Reportedly, out of the total loan...