Delhi HC notice to PMC Bank, others on plea for withdrawal of depositors' money

Jul 21, 2020

New Delhi [India], July 21 : The Delhi High Court on Tuesday issued a notice to Punjab and Maharashtra Co-operative Bank on a plea...

Delhi HC allows Mehbooba Mufti to withdraw plea in PMLA case

Nov 30, 2022

The plea filed by former Jammu and Kashmir Chief Minister Mehbooba Mufti challenging the vires of Prevention of Money Laundering was allowed withdrawal by...

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...

RBI imposes restrictions on Mumbai-based Raigad Sahakari Bank

Jul 19, 2022

Mumbai (Maharashtra) [India], July 19 : The Reserve Bank of India has issued several directions to Raigad Sahakari Bank, Mumbai, including an upper limit...

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...

China's Henan bank crisis: Despite promises, banks fail to repay depositors

Jul 19, 2022

Beijing [China], July 19 : Despite promises that depositors in China's Henan villages will get their frozen money back in batches with the first...