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...

Former Petroleum Minister, ex-Maharashtra CM under lens for ‘patronising’ Wadhawans

A former Petroleum Minister and a former Chief Minister of Maharashtra could be part of the list of politicians who could be...

HDIL, PMC bosses in police custody till October 14

In the FIR, police said the actions of the accused allegedly led to bank losses totaling Rs 4,355.46 crore. The ongoing investigation...

Smuggled liquor seized by excise cops in Ulhasnagar related to KALANI...

KEEPING in view the upcoming Maharashtra assembly election, the State Excise Department has seized illegal English and Country liquor worth Rs 45,244...