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2 mins read
A 51-year-old PMC Bank depositor who has ₹90 lakh with the bank dies of heart attack
Sanjay Gulati, a resident of suburban Oshiwara, went to a protest march held outside a city cour…
PTI
1 min read
RBI allows PMC Bank customers to withdraw ₹10,000 over a period of six months from ₹1,000 earlier
Panic-stricken customers of Mumbai-based Punjab and Maharashtra Co-operative Bank get some relief f…
3 mins read
Senior citizens, these banks offer 9% plus interest on FDs – Should you park your money there?
Fixed deposits (FDs) are a popular product because they offer guaranteed returns for a fixed tenure…
2 mins read
Three-year-old BharatPe and Centrum gets RBI nod to set up a small finance bank
In June, the Reserve Bank had given the in-principle approval for the SFB licence to the consor…
2 mins read
Bill to give more powers to RBI to regulate cooperative banks introduced in LS
It also proposed to bring cooperative banks on par with developments in the banking sector through …
PTI
1 min read
All cooperative banks to come under RBI supervision
The decision assumes significance in the wake of a scam in the Punjab and Maharashtra Cooperative (…
PTI
2 mins read
Top PMC officials hid HDIL accounts from system: RBI to Bombay HC
Mumbai, Nov 19 () Senior officials of scam-hit PMC Bank used special codes to hide hundreds of dumm…
PTI
2 mins read
India Budget 2020: Bank scam victims are assured of ₹5 lakh instead of ₹1 lakh
“A robust mechanism is in place to monitor the health of all banks and the money of deposito…
1 min read
Deposit Insurance Corporation sees Rs 14,100-cr claims amid PMC crisis
Mumbai, Dec 29 () The Deposit Insurance and Credit Guarantee Corporation has received a total claim…
PTI
2 mins read
BharatPe raises ₹200 crore in debt to build a loan book of $1 billion by March 2023
Merchant-focused payments startup BharatPe has raised ₹200 crore ($28 million) in debt to build a l…
2 mins read
RBI union calls for tighter supervision of cooperative banks
The union further said, "RBI must initiate on-site supervision and inspection of these small and m…
PTI
3 mins read
With Kapil Wadhawan’s arrest, the family is now accused of scams worth over a billion dollars
But this isn’t the first case to blow the Wadhawan, who were once the limelight of all the glitt…
2 mins read
President promulgates ordinance to bring co-operative banks under RBI supervision
"The Ordinance also amends Section 45 of the Banking Regulation Act, to enable making of a scheme …
PTI
1 min read
Hike in deposit insurance won't hit bank balance sheets: RBI
"The revision in deposit insurance will not impact banks' balance sheets much," Kanungo told re…
PTI
2 mins read
RBI proposes to tighten lending norms for UCBs
Mumbai, Dec 30 () The RBI on Monday proposed reduction in loan amount an urban co-operative bank ca…
PTI
1 min read
RBI Central Board discusses functioning of co-operative banks
Bhubaneswar, Dec 13 () The RBI Central Board on Friday reviewed functioning of the urban cooperativ…
PTI
1 min read
PSBs reported frauds of over Rs 95,700 cr in Apr-Sep
New Delhi, Nov 19 () Government owned banks reported frauds of over Rs 95,700 crore in the first si…
PTI
1 min read
RBI revises supervisory norms for UCBs
Mumbai, Jan 6 () The RBI on Monday revised the Supervisory Action Framework (SAF) for urban coopera…
PTI
1 min read
Distressed PMC depositors hold protest at RBI
New Delhi, Nov 20 () Distressed depositors of scam-hit PMC Bank on Wednesday held a day long protec…
PTI
2 mins read
Cabinet clears amendment to banking laws to strengthen cooperative banks
The proposed law seeks to enforce banking regulation guidelines of the RBI in cooperative banks, wh…