Delhi HC directs RBI, PMC Bank to consider needs of depositors

May 29, 2020

New Delhi [India], May 29 : Delhi High Court has directed the Reserve Bank of India (RBI), Punjab Maharashtra Cooperative Bank, and other respondents...

Delhi HC directs PMC Bank to consider afresh applications of depositors seeking money for emergencies

Jan 18, 2021

New Delhi [India], January 18 : The Delhi High Court on Monday directed the administrators of Punjab and Maharashtra Co-operation (PMC) Bank to decide...

Process for recovering money for depositors post loan write-off "layered", needs simplification: Sitharaman

Dec 19, 2022

Union finance minister Nirmala Sitharaman on Monday said the processes for recovering money for depositors post bank loan write-offs are "layered", while noting that...

US Treasury Secretary Yellen rules out bailout for bankrupt Silicon Valley Bank

Mar 12, 2023

"And the reforms that have been put in place mean that we're not going to do that again. But we are concerned about depositors...

Deposit insurers may look for full coverage for small depositors, senior citizens: RBI Deputy Governor M. Rajeshwar Rao

Aug 19, 2024

Asserting that full insurance coverage for all depositors appears somewhat financially non-viable, RBI Deputy Governor M. Rajeshwar Rao suggested that if this could be...

After Nancy Pelosi, Barack Obama says Biden's path to victory 'diminished': Report

Jul 19, 2024

Obama told allies that in recent days, US President Biden's path to victory has greatly diminished and he thinks the leader needs to seriously...