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PMC BANK RESCUE
Why Supreme Court ruling on Yes Bank AT1 bonds case mattersWhichever way the court now rules - whether it asks Yes to partly repay the bondholders, or convert the bonds into shares, or upholds the w...06 Mar, 2023, 12.14 AM IST- Unity Small Finance Bank pays Rs 3,800 crore to 8.5 lakh PMC Bank depositors“Unity SFB received from DICGC a certified list of erstwhile PMC Bank depositors who are eligible to receive up to Rs5 lakh of their deposi...31 Mar, 2022, 10.18 PM IST
- Why it's important for government to maintain public confidence in banksIn the absence of swift policy action, there is potential to dent depositor trust. A sudden moratorium or embargo on access to bank account...19 Aug, 2021, 04.56 PM IST
- View: UCBs are now RBI’s baby — just like YES Bank and LVB areThe troubles with Yes Bank were as much a reflection of questionable loans as it was of regulatory lapses. Letting a large, new-age bank co...28 Jun, 2021, 11.12 AM IST
- BharatPe to give fintechs platform with PMC playBharatPe has said that partnering Centrum Finance in a new bank, as part of the PMC Bank rescue, will enable it to provide a tech platform ...25 Jun, 2021, 11.10 AM IST
- RBI boost to Centrum’s PMC takeover planRBI took control of PMC Bank in September 2019 following accusations of money laundering.19 Jun, 2021, 05.31 PM IST
- RBI grants in-principle approval to Centrum to own PMC Bank via SFB route“The RBI would consider granting a licence for commencement of banking business on being satisfied that the applicant has complied with the...19 Jun, 2021, 07.19 AM IST
- Suits & Sayings: Former StanChart banker raises a toast to her own Goa-inspired rum brand; high-profile exit at this PE firm; can Surinder M Arora rescue PMC bank?Businessman Surinder Mohan Arora's plan for PMC Bank cites an infusion of Rs 5,000 crore.18 Jan, 2021, 09.31 AM IST
- Rescue acts, growth measures dominate RBI's platter in 2020; new inflation target awaited in new yearWithin three weeks of launching the rescue act, the RBI's rate setting panel's meeting got advanced to deliver a deep cut of 0.70 per cent ...30 Dec, 2020, 01.54 PM IST
- Lakshmi Vilas Bank: Has ease of credit availability in our system encouraged fraud?Clean and sensible prudential banking norms are the only way to create good institutions. We have stellar examples that stand up to this ba...23 Nov, 2020, 06.30 AM IST
- View: With Lakshmi Vilas Bank, India is finally getting a bank rescue rightThe moth-eaten LVB will cease to exist, its equity completely wiped out. Only its deposits will appear on the books of the India unit of DB...18 Nov, 2020, 01.43 PM IST
- India's fraud-hit PMC Bank asked other major banks for a merger, says administratorAuthorities started investigating Punjab and Maharashtra Co-operative Bank (PMC) for fraud last year and the Reserve Bank of India (RBI) to...16 Sep, 2020, 02.28 PM IST
- As PMC Bank case drags on, depositors reduced to surviving on borrowing, charityThe RBI took control of PMC last September after it was accused of fraud and concealing non-performing loans. PMC's top officials and the o...26 Aug, 2020, 04.51 PM IST
- YES Bank crisis: Why government must fix the vulnerabilities in financial systemYes Bank is another example of delayed action. It was clear that the bank was going to struggle to raise money.08 Mar, 2020, 06.13 AM IST
- Do you have an account, loan EMI, Mutual fund, SIP investment with Yes Bank? Here is what you should doIf you are a Yes Bank customer and are alarmed over the situation, here is what lies ahead for you.07 Mar, 2020, 11.23 AM IST
- Grant Thornton to investigate Rs 4,355-crore PMC Bank fraudPMC appointed the forensic auditor at the behest of the Economic Offences Wing (EOW) of the Mumbai police.04 Oct, 2019, 11.39 AM IST
- Ex-MD reveals how six officials pulled off Rs 6,500 crore fraud at PMC BankIt took 6 officials, 21,049 dummy accounts and over 10 years of misreporting to hide the fraud, Thomas revealed.01 Oct, 2019, 08.11 PM IST
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