PMC Bank Crisis: RBI Plans To Auction HDIL Directors’ Properties

IN a minor relief for the Punjab and Maharashtra Cooperative (PMC) Bank depositors, the Reserve Bank of India (RBI)-appointed experts have started...

Employee’s money in UP invested in Mirchi-linked firm of Wadhawans

UTTAR Pradesh government''s alleged dealing with controversial Mumbai company, Dewan Housing Finance Corporation Limited (DHFL), has caused a stir in Lucknow. In...

Jeweller in Ghatkopar faces Rs. 300 crore crisis

GHATKOPAR witnessed high drama on the intervening night of October 30 and October 31, as investors in jewellery schemes thronged Rasiklal Sankalchand...

RBI imposes Rs 1 crore fine on Janata Sahakari Bank

THE Reserve Bank of India (RBI) on Tuesday imposed a penalty of Rs 1 crore on Pune-based Janata Sahakari Bank for violating...

CBI arrests Pailan Group CMD in Rs 574-crore ponzi scam

THE CBI has arrested Apurba Kumar Saha, the chairman and managing director of Pailan Group, in connection with a Rs 574-crore ponzi...

Man with 90 lakhs deposit in crisis-hit PMC bank dies hours...

AN account holder at the Punjab Maharashtra Co-operative (PMC) Bank, who had deposits of over Rs 90 lakh with the troubled bank,...

PMO directs Finance Ministry to take action against Kotak Mahindra Bank...

THE Prime Minister Office (PMO) has directed the Finance Ministry of India to look into a complaint of Dr. Santosh Kumar Bagla...

Rs 60 Lakh Per Seat: Tax Department Alleges Medical Scam In...

A massive medical admission scam has surfaced in Karnataka after the income tax department raided three institutes and found evidence that indicated...

Ex-Ranbaxy promoter Shivinder Singh arrested by Delhi Police

Former promoter of Ranbaxy pharmaceuticals Shivinder Singh was arrested on Thursday by Delhi Police’s Economic Offences Wing (EOW). In...

Govt, RBI will resolve matter urgently, assures Nirmala Sitharaman

UNION Finance Minister Nirmala Sitharaman Friday assured Punjab and Maharashtra Co-operative (PMC) Bank account holders that the government and RBI were on...