Latest News on Section 35a
Showing of 0 - 10 from 6 results
Section 35a - Total results - 6
Jan 22, 2020
PMC Bank scam: Restrictions on cash withdrawal from lender based on ability to pay depositors, RBI tells Delhi HCThe submissions were made in response to a PIL seeking removal of restrictions on cash withdrawals from the PMC Bank.
Sep 26, 2019
PMC Bank crisis: RBI hikes withdrawal limit from Rs 1,000 to Rs 10,000; over 60% depositors will be able to withdraw full amountWith this relaxation, more than 60 percent of the depositors of the PMC Bank will be able to withdraw their entire account balance.
Sep 25, 2019
RBI clampdown on PMC Bank: Central bank's action will have cascading effect on other co-op banks, erode customer confidencePMC Bank, which is a multi-state co-operative bank with operation in at least six states, has also been barred from taking fresh liabilities and issuing loans without the RBI permission.
Sep 24, 2019
RBI places Mumbai-based PMC Bank under directions for 6 months; depositors cannot withdraw more than Rs 1,000PMC cooperatve Bank will not, without prior approval in writing from the Reserve Bank, will be able to grant or renew any loans and advances, make any investment
Aug 07, 2017
Killing Kashmir militants is winning no wars for New Delhi, lack of political outreach is real problemNever before has there been so much of a threat mounting on the special status enjoyed by the state of Jammu and Kashmir under the Indian constitution
May 05, 2017
NPA ordinance gets president's approval; RBI gets more powers to tackle bank bad loansThe amended law will also empower the RBI to set up oversight panels that will shield bankers from later action by probe agencies looking into loan recasts