Business Headlines: Sharad Pawar and the PMC Bank episode
Co-operative banks have a different strucuture from private and public sector banks which make them suseptible to mis-management by political parties. We tell you how...
Tag : RBI
RBI raises withdrawal limit for PMC Bank depositors from Rs 1000 to Rs 10,000
According to the latest information, RBI has increased the withdrawal limit for the PMC Bank account holders from Rs 1000 to Rs 10000. Mumbai|...
“Innocent people facing brunt of Govt’s faulty policies” Priyanka Gandhi on PMC Bank fiasco
The PMC bank has been barred from granting, renewing and loans and advances, making any investments, accepting fresh deposits, without prior approval from RBI. ...
Demonetization-like cash crunch for PMC bank depositors
The Reserve Bank of India has imposed a 6 months ban on Punjab and Maharashtra Co-operative Bank Limited on charges of irregularities. #PMCBank #RBI #Demonetization...
Relief to customers: Bank employees Union postpone strike
Four unions of Bank employees had demanded the implementation of the 11th pay agreement, along with opposition to the merger of the banks in the...
Breaking: RBI puts restrictions on PMC bank
Reserve Bank of India has imposed a 6 months ban on Punjab and Maharashtra Co-operative Bank Limited on charges of irregularities. The central bank has...
Breaking News: RBI puts restrictions on PMC bank; customers can withdraw only Rs 1000 in six months
According to the RBI regulations on PMC, no depositor can withdraw more than 1,000 thousand rupees from his savings, current or any other deposit account....
Fake notes, back with a bang
In November 2016, when the Narendra Modi government announced demonetization of Rs 500 and Rs 1,000 notes, one of the aims of it was said...
Business Tit-Bits : Band-aids and deep wounds
The GDP growth for the first quarter of the financial year 2019-20 dropped to five per cent, a sharp decline of 0.8% points compared to...
The Satyam that was not
“With almost every bank and institutional lender having exposure to ILFS, its dangerous contagion effect would destabilise the entire banking and finance sector of India,...