February 07, 2020 2:34 pm
A bench comprising Chief Justice S A Bobe and justices B R Gavai and Surya Kant took note of the appeal of the Reserve Bank of India against the Bombay High Court order.
February 01, 2020 4:34 pm
Budget 2020 Explained: Currently, in the (unlikely) event of a bank going bust in India, a depositor has claim to a maximum of Rs 1 lakh per account as insurance cover — even if the deposit in their account far exceeds Rs 1 lakh.
January 16, 2020 1:14 pm
A bench comprising Chief Justice S A Bobde and justices B R Gavai and Surya Kant took note of the submissions of Solicitor General Tushar Mehta that the high court order to the extent of allowing their release from prison needed to be stayed.
January 06, 2020 3:19 am
After the collapse of PMC Bank, there has been a demand from several quarters that the DICGC should hike the coverage cap.
December 28, 2019 7:44 am
Police have charged the five accused with criminal breach of trust, cheating, forgery, falsification of accounts, destruction of evidence and being part of a criminal conspiracy under various sections of the Indian Penal Code.
December 04, 2019 8:39 am
Police said the three directors of the PMC bank did not alert RBI officials about the unpaid loans that the Wadhawans, also accused in the case, owed the bank.
November 23, 2019 6:51 am
The Economic Offences Wing (EOW) of the Mumbai Police had arrested the Wadhawans for their alleged involvement in siphoning off money from the Bank.
November 20, 2019 1:37 am
Eventually, the bank gave overdraft facility worth around Rs 2,500 crore to HDIL and by the time the alleged fraud was unearthed in October, HDIL owed the bank Rs 4,355 crore, including the interest accrued.
November 17, 2019 1:21 am
Rajneet Singh was on the board of directors of the bank and also a part of its loan recovery committee.
November 16, 2019 10:17 pm
Rajneet was taken into custody in the evening at the EOW office, as investigators found his replies on the loan granted to the realty group HDIL, which has failed to repay, unsatisfactory and unconvincing, according to the official.