PMC Bank scam: EOW conducts search at Rajneet Singh's flat

13 PM ISTBCCLBesides being a director, Rajneet Singh is a member of the loan recovery committee of the bank.MUMBAI: A day after Rajneet Singh, son of former BJP MLA Sardar Tara Singh, was arrested in connection with the Punjab and Maharashtra Cooperative (PMC) Bank scam, the Economic Offences Wing (EOW) of the city police on Sunday conducted a search at his residence here, an official said.

European Investment Bank Will End Fossil Fuel Financing

The European Investment Bank said it would forego fossil-fuel investments in favor of renewable energy and energy efficiency projects.Photo:

eric vidal/Reuters

The European Investment Bank said late Thursday that it would end financing for fossil-fuel energy projects from the end of 2021 onward, marking the latest blow to oil-and-gas companies as the European Union readies for its version of the Green New Deal.

Former Executive at Chinese Bank Pleads Guilty in Bid-Rigging Case

Peter Volino, a former vice president at Industrial and Commercial Bank of China Financial Services LLC, admitted to violating bid-rigging laws by participating in a scheme to submit artificially low bids, the U.With ADR’s, foreign companies transfer shares to the banks, which use them to back corresponding securities issued to U.

Another auditor arrested in PMC Bank scam

Anita Kirdat (35), a 'concorrent auditor' of the bank, was arrested on Tuesday.Her responsibility was to ensure a "systematic and timely examination" of the bank's financial transactions.

HDFC Bank plans to reach 200 branches across Northeast India

21 PM ISTBCCLSandeep S Kumar, Branch Banking Head, East and NorthEast, HDFC Bank in Guwahati said, “in Assam we plan to across 100 branches by next year.GUWAHATI: HDFC Bank plans to reach 200 branches across Northeast India.

EOW arrests two auditors in connection with PMC Bank scam

The Economic Offences Wing (EOW) on Monday arrested two auditors in connection with PMC Bank scam and will produce them in Court today seeking their police remand.56 AM ISTPTIMUMBAI: The Economic Offences Wing (EOW) on Monday arrested two auditors in connection with PMC Bank scam and will produce them in Court today seeking their police remand.

Bank Share Buybacks Are a Limited-Time Offer

Share buybacks worth a total of $4 billion offer a rare reason to get excited about Europe’s beleaguered banking sector right now.Within a couple of years, however, new rules could force big European banks to find a total of €134 billion ($147.

The New Jewish Settlers: Israelis Chasing a Suburban Dream in the West Bank

Places once viewed with skepticism, if not downright hostility, by other Israelis are now home to 450,000 Israelis, up from 116,300 in 1993.They account for 15% of the total population of the West Bank, which also includes an estimated 2.

PMC bank scam: EOW of Mumbai Police opposes anticipatory bail pleas of 2 directors

Parmeet Sodhi and Surjit Singh Narang had filed anticipatory bail applications before additional sessions judge S T Soor here.24 PM ISTBCCLMUMBAI: The Economic Offences Wing (EOW) of Mumbai Police on Friday opposed pre-arrest bail pleas of two directors of the Punjab and Maharashtra Cooperative Bank in connection with the alleged Rs 4,355 crore scam.

PMC Bank: Closely monitoring situation at PMC Bank; forensic audit underway: RBI Guv

unjab & Maharashtra Cooperative Bank (PMC Bank), among the top 10 urban cooperative banks in the country, was placed under an RBI administrator on September 23 for six months due to massive under-reporting of dud loans.33 PM IST'Working on amending co-operative bank act': RBI Guv Das on PMC Bank crisisReserve Bank Governor Shaktikanta Das on Thursday said it is closely monitoring the situation at scam-hit PMC Bank and a forensic audit is underway.

Mehsana Urban Co-operative Bank: RBI slaps Rs 5 cr penalty on Gujarat-based Mehsana Urban Co-operative Bank

After statutory inspection of the bank regarding its financial position as on March 31, 2018, the central bank said the penalty was imposed "for contravention of the directions issued by RBI on 'Loans and Advances to Directors, Relatives and Firms.MUMBAI: The RBI on Tuesday said it has imposed a penalty of Rs 5 crore on The Mehsana Urban Co-operative Bank, Gujarat, for contravention of norms on 'loans and advances to directors, relatives and firms/concerns in which they are interested'.

Did not know about loans to HDIL, says PMC Bank director

The Economic Offences Wing (EOW) of Mumbai Police has arrested five persons in the Rs 4,355 crore PMC Bank scam, including promoters of realty group HDIL and top bank officials.29 PM ISTAgenciesAs per the EOW, the bank management concealed from the banking regulator's scrutiny huge loan defaults by HDIL group firms, replacing 44 loan accounts of the group with 21,049 fictitious accounts.

Dewan Housing Finance Corporation: DHFL seeks intervention from SBI, Union Bank to repay depositors

In letters to the State Bank of India and Union Bank of India, DHFL has sought the lenders’ help to resume repayments to depositors, a process now on hold after a Bombay High Court order.04 PM ISTBCCLOn Sunday, DHFL told exchanges that it has repaid Rs 44,000 crore toward its debt obligations in the past 13 months.

View: Yes Bank should stop talking and focus on raising money

By Andy Mukherjee

Yes Bank Ltd.Everyone wants a piece of Yes Bank, it seems, except those tech suitors.

Sumant Kathpalia | IndusInd Bank New ceo: IndusInd Bank finalises Sumant Kathpalia as new MD & CEO

The 55-year-old Kathpalia has been with the bank since 2008 and is credited with building consumer loans portfolio from scratch, as part of a strategy to diversify the loan book adopted by the bank.MUMBAI: Sumant Kathpalia has been chosen by private sector lender IndusInd Bank as the successor to Romesh Sobti, sources said on Friday.

North American family office eyes Yes Bank stake, plans to buy more than a third for $1.2 billion

A North American family office is interested in picking up more than a third of Yes’s shareholding.(This story originally appeared in on Nov 02, 2019)MUMBAI: The global investor which has submitted a binding bid to invest $1.

sensex today: Traders' Diary: Bank and metal stocks may outperform ahead

3 per cent on a weekly basis and formed a bullish candle on the weekly chart.5 millionPrice as on 01 Nov, 2019 01:28 PM, Click on company names for their live prices.

Relief for PMC Bank depositors as RBI moves to sell attached assets

MUMBAI: The Reserve Bank of India-appointed administrator has asked the Economic Offences Wing of the Mumbai Police to release properties attached in the Punjab & Maharashtra Cooperative (PMC) Bank case so that they can be auctioned, a move that could provide relief to aggrieved account holders.“We have received a communique from the RBI asking us to de-attach the properties in the PMC case.

RBI imposes Rs 35 lakh fine on Tamilnad Mercantile Bank

The bank has been penalised for non-compliance with certain provisions of directions issued by RBI on frauds classification and reporting.39 PM ISTMumbai, Oct 28 () The Reserve Bank has imposed a penalty of Rs 35 lakh on Tamilnad Mercantile Bank for violating norms on frauds classification and notification.

PMC scam: PMC Bank scam: Director claims she is a victim too

(This story originally appeared in on Oct 26, 2019)A Punjab and Maharashtra Co-operative (PMC) Bank director, against whom a look-out notice was recently issued, has claimed that she herself is a victim of the bank scam.Those arrested include former managing director Joy Thomas, former chairman Waryam Singh and director Surjit Singh Arora apart from HDIL directors, Rakesh and Sarang Wadhwan.