Pmc Bank

Ex-CEO of Karnataka's Guru Raghavendra Sahakara Bank found dead in his car in Bengaluru

The ACB had recently raided the office and residence of former CEO Vasudeva Maiya and a few other executives of the bank in connection with a fraud case

Yes Bank crisis: Best practices needed as benchmark to govern banks; govt should consult with veteran bankers for solutions

Recent days have seen RBI governor Shaktikanta Das pulling up public sector banks for poor credit growth even as Kapoor's Yes Bank shenanigans were simmering in the backdrop.

No F&O contracts for Yes Bank from 29 May; NSE not to accept fresh bank guarantees by lender

NSE said that due to the recent development in Yes Bank, it has been decided that no fresh or renewal of bank guarantees and fixed deposit receipts issued by Yes Bank limited shall be accepted.

Moratorium, withdrawal cap on Yes Bank credit negative; move to affect timely repayment of depositors, creditors: Moody's

The central bank on Thursday imposed a moratorium on the capital-starved Yes Bank, capping withdrawals at Rs 50,000 per account and superseded the board of the private sector lender with immediate effect.

Yes Bank placed under 'moratorium'; govt caps withdrawals at Rs 50,000, RBI says lender lacked 'credible revival plan'

Troubled private sector lender Yes Bank was placed under a 'moratorium' on late Thursday, with the RBI capping depositor withdrawals at Rs 50,000.

PMC Bank depositors stage protest at RBI's Delhi office, threaten to go on hunger strike after 2 March if money not returned

PMC Bank has been put under restrictions by the RBI after an alleged fraud came to light following which the deposit withdrawal was initially capped at Rs 1,000, causing panic and distress among depositors

PMC Bank case: SC stays Bombay High Court order directing sale of HDIL assets to repay dues of co-operative lender

The Supreme Court on Friday stayed the Bombay High Court order directing sale of bankrupt Housing Development and Infrastructure Ltd (HDIL) to ensure repayment of dues of crisis-hit Punjab and Maharashtra Cooperative Bank

PMC Bank fallout: Cabinet clears amendment to banking laws to strengthen cooperative banks; RBI nod to be made mandatory for appointments

The decision assumes significance in the wake of a scam in the PMC Bank affecting lakhs of customers who are facing difficulties in withdrawing their money due to restrictions imposed by the RBI.

Insurance cover on bank deposits raised to Rs 5 lakh effective today; move to help boost confidence of people in banking system

This, the RBI said, has been done with a view to providing a greater measure of protection to depositors.

Union Budget 2020: Finance Minister Nirmala Sitharaman has her task cut out for crisis-ridden banking sector

In a normal scenario, these suggestions make sense. But, the state of Indian banking sector is far from normal.