Joy Thomas

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Joy Thomas - Total results - 32
PMC Bank scam: Court allows RBI-appointed administrator to sell two jets, yacht of promoters of HDIL group
Business

PMC Bank scam: Court allows RBI-appointed administrator to sell two jets, yacht of promoters of HDIL group

A court here has allowed the RBI-appointed administrator for the PMC Bank to sell two airplanes and a yacht belonging to HDIL group firms owned by Rakesh Wadhawan and his son Sarang, the prime accused in the Rs 4,355-crore scam at the cooperative lender

PMC Bank scam: Distressed depositors hold day-long protest at RBI office in Delhi
Business

PMC Bank scam: Distressed depositors hold day-long protest at RBI office in Delhi

Distressed depositors of scam-hit PMC Bank on Wednesday held a day-long protect outside the RBI office here, demanding their "hard-earned" money be returned at the earliest

PMC Bank scam: Top bank officials hid HDIL accounts from system, RBI tells Bombay High Court
Business

PMC Bank scam: Top bank officials hid HDIL accounts from system, RBI tells Bombay High Court

Senior officials of scam-hit PMC Bank used special codes to hide hundreds of dummy loan accounts of HDIL, to which the bank had over 73 percent of its loan exposure, the Reserve Bank informed the Bombay High Court on Tuesday

PMC Bank scam: RBI governor Shaktikanta Das says closely monitoring situation, forensic audit underway
Business

PMC Bank scam: RBI governor Shaktikanta Das says closely monitoring situation, forensic audit underway

Reserve Bank Governor Shaktikanta Das on Thursday said it is closely monitoring the situation at scam-hit PMC Bank and a forensic audit is underway

PMC Bank scam: Depositors gather outside RBI Delhi office, demand assurance on return of their savings
Business

PMC Bank scam: Depositors gather outside RBI Delhi office, demand assurance on return of their savings

A group of distressed PMC depositors gathered outside the Reserve Bank of India (RBI) office here on Wednesday, seeking an assurance that their deposits in the scam-hit corporative bank are safe and will be returned to them within a stipulated time

PMC Bank scam: RBI increases withdrawal limit to Rs 50,000 per account; over 78% of depositors covered
Business

PMC Bank scam: RBI increases withdrawal limit to Rs 50,000 per account; over 78% of depositors covered

The Reserve Bank on Tuesday increased the withdrawal limits for depositors of the scam-hit Punjab and Maharashtra Cooperative Bank (PMC Bank) to Rs 50,000 from Rs 40,000 per account

PMC Bank scam: Bombay HC asks RBI what steps were taken to help depositors; next hearing on 19 November
Business

PMC Bank scam: Bombay HC asks RBI what steps were taken to help depositors; next hearing on 19 November

The Bombay High Court on Monday sought to know from the Reserve Bank of India what steps it has taken to protect the interests of depositors of the crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank

PMC Bank scam: Court extends HDIL promoters Rakesh Wadhawan, son Sarang's ED custody till 24 October
Business

PMC Bank scam: Court extends HDIL promoters Rakesh Wadhawan, son Sarang's ED custody till 24 October

A Mumbai court on Tuesday extended the ED custody of HDIL promoters Rakesh Wadhawan and his son Sarang Wadhawan, arrested in connection with Rs 4,355 crore Punjab and Maharashtra Cooperative (PMC) Bank scam, till 24 October

PMC Bank crisis: Over Rs 10 cr found missing from lender's record, internal investigation team reveals, says report
Business

PMC Bank crisis: Over Rs 10 cr found missing from lender's record, internal investigation team reveals, says report

Multiple cheques were issued by HDIL and its related entites which were never deposited with the bank and yet cash was handed over to them, according to a report

Daily Bulletin: SC to hear PIL seeking interim protection for customers in PMC Bank scam today; ED summons Praful Patel for probe in money laundering case; day's top stories
India

Daily Bulletin: SC to hear PIL seeking interim protection for customers in PMC Bank scam today; ED summons Praful Patel for probe in money laundering case; day's top stories

Here are today's top stories: PMC bank scam: SC to hear PIL seeking interim protection for customers today; Pakistan to remain on FATF 'Grey List' till February 2020; formal announcement to be made today; and more

PMC Bank scam: Former managing director Joy Thomas remanded to jail, ex-director S Surjit Singh Arora sent to police custody
Business

PMC Bank scam: Former managing director Joy Thomas remanded to jail, ex-director S Surjit Singh Arora sent to police custody

On Wednesday, former director of PMC bank Arora was arrested by the Economic Offences Wing of the Mumbai Police in connection with the scam.

Waryam Singh, former chairman of PMC Bank purchased hotel in Punjab, Rs 2,500 cr property in Mumbai allegedly using lender's money
Business

Waryam Singh, former chairman of PMC Bank purchased hotel in Punjab, Rs 2,500 cr property in Mumbai allegedly using lender's money

Waryam Singh, former chairman, PMC Bank made a lot of high-value investments from the alleged Rs 4,355-crore fraud

Three account holders of scam-hit PMC bank die within two days; Shiv Sena urges RBI governor to allow merger of bank
Business

Three account holders of scam-hit PMC bank die within two days; Shiv Sena urges RBI governor to allow merger of bank

A depositor of scam-hit PMC Bank allegedly committed suicide at her residence in Mumbai's Versova, while two more people died of a heart attack a few hours after taking part in a protest by bank customers seeking their money back

PMC scam: Central bank employees union wants cooperative banks under full control of RBI
Business

PMC scam: Central bank employees union wants cooperative banks under full control of RBI

In the wake of the scam at Punjab & Maharashtra Cooperative (PMC) Bank, the All-India Reserve Bank Employees Association on Wednesday suggested ending the dual jurisdiction of urban cooperatives and bringing them under RBI jurisdiction

PMC Bank scam: RBI increases withdrawal limit to Rs 40,000 per account; 77% of depositors covered
Business

PMC Bank scam: RBI increases withdrawal limit to Rs 40,000 per account; 77% of depositors covered

The Reserve Bank on Monday increased the withdrawal limits for depositors of the scam-hit Punjab & Maharashtra Cooperative Bank to Rs 40,000 from Rs 25,000 per account over the next six months

PMC Bank scam: Finance Minister Nirmala Sitharaman faces protesters; promises legislation
Business

PMC Bank scam: Finance Minister Nirmala Sitharaman faces protesters; promises legislation

Finance Minister Nirmala Sitharaman on Thursday faced irate depositors of Punjab and Maharashtra Co-operative (PMC) Bank, and promised to bring in legislative changes for upholding of their interests

PMC Bank scam: Police custody of former chairman Waryam Singh, Wadhawans of HDIL extended till 14 October
Business

PMC Bank scam: Police custody of former chairman Waryam Singh, Wadhawans of HDIL extended till 14 October

A court on Wednesday extended till October 14 the police custody of a former chairman of the Punjab and Maharashtra Cooperative (PMC) Bank and two directors of HDIL, arrested in connection with the alleged Rs 4,355 crore scam at the bank

PMC Bank scam: Mumbai court sends former bank chairman Waryam Singh to police custody till 9 October
Business

PMC Bank scam: Mumbai court sends former bank chairman Waryam Singh to police custody till 9 October

Waryam Singh (68), arrested by the Economic Offences Wing (EOW) of the Mumbai Police on Saturday from Mahim Church area, is the fourth person in police custody in connection with the PMC Bank case.

PMC Bank scam: Former managing director Joy Thomas sent to police custody till 17 October
Business

PMC Bank scam: Former managing director Joy Thomas sent to police custody till 17 October

The police told the court that they need his custody to interrogate him as he was part of the conspiracy. However, Joy Thomas's lawyer argued that he is being made a "scapegoat".

PMC Bank scam: Economic offences wing arrests former MD Joy Thomas in connection with alleged Rs 4,355 cr scam
Business

PMC Bank scam: Economic offences wing arrests former MD Joy Thomas in connection with alleged Rs 4,355 cr scam

The Mumbai Police arrested Punjab Maharashtra Co-operative Bank's former managing director Joy Thomas on Friday