ED attaches assets worth Rs 6.79 crore in case involving cheating by raising illegal public deposits

Dec 13, 2023

The assets were attached under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 which include bank balances worth Rs 0.75 crore...

RBI onboards more banks on UDGAM portal, public can search unclaimed deposits

Oct 06, 2023

The Reserve Bank of India has by far onboarded 30 banks on its UDGAM platform, a portal that enables the public to search for...

EOW Bhubaneswar freezes Rs 6.57 crore in illegal digital lending case

May 03, 2022

New Delhi [India], May 3 : The Economic Offences Wing (EOW) Bhubaneswar said on Tuesday it has frozen four accounts of Mahagram Payments Pvt...

Banks should not use public deposits to finance risky projects, says former RBI Deputy Governor

Mar 10, 2022

New Delhi [India], March 10 : Projects with implementation risks should normally be financed by the capital markets and not by banks using public...

Pakistan: BYC denounces allegations over legality of funds, terms it state's "desperation"

Oct 04, 2024

The Baloch Yakjehti Committee (BYC) has strongly condemned the Director General of Balochistan Charities Registration and Regulation Authority for issuing a notice claiming the...

Housing finance companies unlikely to face difficulty in complying with revised deposit norms: Crisil

Aug 14, 2024

Deposit-taking housing finance companies (HFCs) are unlikely to face difficulty in complying with the Reserve Bank of India's (RBI) revised norms for raising public...