Indian government’s insolvency code for NBFCs raises more questions than it answers

The crisis-hit DHFL, which will be the first to undergo insolvency proceedings, will be a litmus test for the new law.

Sangeeta Tanwar, qz.com

· Dec 02, 2019 · 09:30 pm

PMC case: Money laundering case against bank’s board members, top HDIL officials; ED conducts raids

The money laundering case was filed on the basis of the Economic Offences Wing’s first information report filed earlier this week.

Scroll Staff

· Oct 04, 2019 · 11:41 am

PMC Bank: RBI again increases withdrawal limit from Rs 10,000 to Rs 25,000

The central bank said the new relaxation will allow 70% of the customers of PMC bank to withdraw their entire account balance.

Scroll Staff

· Oct 03, 2019 · 09:48 pm

Online banking operations of some private lenders not working, users complain on social media

The Reserve Bank of India said in a tweet that the Indian banking system is safe and secure.

Scroll Staff

· Oct 01, 2019 · 05:38 pm

PMC Bank: Case filed against top executives, lender estimated to have lost Rs 4,300 crore

The Mumbai Police have also named officials from realty developer HDIL. They are accused of misleading the RBI for over a decade by producing forged audits.

Scroll Staff

· Oct 01, 2019 · 08:04 am

RBI increases withdrawal limit of PMC Bank customers from Rs 1,000 to Rs 10,000

The RBI earlier this week imposed restrictions on the cooperative bank and said it would not be allowed to grant or renew any loans and advances.

Scroll Staff

· Sep 26, 2019 · 04:39 pm

RBI denies rumours of closure of several public sector banks, calls them false

The RBI had on Tuesday imposed a Rs 1,000 withdrawal cap on customers of the Mumbai-based Punjab and Maharashtra Cooperative Bank for six months.

Scroll Staff

· Sep 26, 2019 · 09:07 am

RBI places Rs 1,000 cap on withdrawals by PMC bank customers for six months

The central bank has also restricted the cooperative bank from issuing advances or loans to depositors.

Scroll Staff

· Sep 24, 2019 · 05:09 pm

New RTGS funds transfer timings: RBI increases operating hours from today; see all details here

The Reserve Bank of India has decided to extend the operating hours of RTGS and commence operations for customers and banks from 7 am.

Scroll Staff

· Aug 26, 2019 · 08:56 am

India’s economy is in such deep slump that lowering interest rates alone won’t fix it

There are parallels between India’s economic situation today and the US experience of 2008.

Rahul Menon, qz.com

· Aug 09, 2019 · 01:30 pm

‘Central banker’s job has become much more political,’ Raghuram Rajan tells BBC

The former RBI governor said that a central bank governor should be somebody who understands the political structure within a country.

Scroll Staff

· Jul 21, 2019 · 08:42 am

State Bank of India waives charges on NEFT, RTGS transactions

The lender said it has also decided to do away with the charges on fund transfer through mobile phones using the immediate payment service from August 1.

Scroll Staff

· Jul 12, 2019 · 05:22 pm