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...

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...

US bails out SVB depositors, says will get all their money back

Mar 13, 2023

"Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will...

China crushes protest by bank depositors in Henan province demanding their money back

Jul 11, 2022

Beijing [China], July 11 : China on Sunday dispersed a protest by hundreds of depositors, who sought to demand their money back from banks...

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 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...