TwitCount Button
30 C
Saturday, June 6, 2020

Spoke to RBI governor, concerns of PMC Bank’s customers will be addressed: Sitharaman

Must Read

Government Relations Manager

Government Relations Manager through demonstrating and influencing policy, legislation and regulation at the national, and local levels of government......

freshers in government banks

freshers in government banks Government public sector Banks, Nationalized banks, Government undertaking Banks, Scheduled Banks and Leading Private Indian...Company:...

Government of Karnataka Forest Department – State Level Adviser/Consultant

Government of Karnataka Forest Department - State Level Adviser/ConsultantGovernment of Karnataka Forest Department Office of the Principal Chief...

NEW DELHI: Assuring myth holders of insecure Punjab and Maharashtra Co-operative (PMC) Bank of make stronger, finance minister Nirmala Sitharaman on Saturday acknowledged that she has spoken to the Reserve Bank of India (RBI) governor, who assured that clients’ concerns will likely be taken on top precedence.

The financial institution changed into once place under “instructions” by the RBI final month on account of prone financial health, wherein the central financial institution has capped the deposit withdrawals at Rs 25,000.


PMC Bank rip-off: ED traces Wadhawans’ 2,100 acres of land price Rs 3,500 crore

ED has traced around 2,100 acres of land managed by HDIL and its promoter Rakesh Wadhawan and his son Sarang aka Sunny. These land parcels are located in seven various villages within the Vasai-Palghar belt. The land, believed to be price about Rs 3,500 crore, will likely be connected by the ED. The Wadhawans alongside with their company received loans from the Punjab and Maharashtra Cooperative Bank fraudulently.

“Spoken to governor @RBI on the #PMCBank subject. He assured me that clients & their concerns will likely be saved on top precedence. I settle on to reiterate that @FinMinIndia will guarantee that clients concerns are comprehensively addressed. We realize the justified worries of the clients,” she acknowledged in a tweet.

Sitharaman tweet 1 (1)

PMC is in nasty health allegedly on account of its publicity to terminate to-bankrupt realty player HDIL, to which it has loaned over 70 per cent of its Rs 9,000 crore in advances.


Will talk to RBI governor on urgency, damage of PMC Bank depositors: Sitharaman

Union finance minister Nirmala Sitharaman on Thursday held a assembly with depositors of PMC Bank and acknowledged that the RBI is taking motion in opposition to the crisis-hit lender’s administration. “I’ve suggested depositors that the RBI is asking into the subject,” she acknowledged. Sitharaman added that she’s going to talk to RBI governor Shaktikanta Das on urgency and damage of depositors.

Earlier this week at some stage in a media interaction, she had acknowledged, “Finance ministry might presumably per chance simply private nothing to form with it (PMC Bank subject) straight because RBI is the regulator. Nonetheless from my side, I’ve asked the secretaries of my ministry to work with rural trend ministry and the town trend ministry to watch in component as to what’s taking place.”

Secretaries from the department of financial companies and financial affairs will likely be assembly a deputy governor of RBI soon to gaze into the “shortcomings” of the functioning of multi-declare cooperative banks and stare if any amendments might presumably per chance additionally be made to the rules, she had acknowledged.


PMC Bank rip-off: 2 HDIL administrators held, Rs 3,500 crore belongings frozen

Rakesh Wadhwan and his son Sarang Wadhwan, administrators of Housing Building and Infrastructure Restricted were arrested by Mumbai Police on Thursday within the Rs 4,355 cr Punjab and Maharashtra Cooperative Bank dishonest case probe. Non-repayment of Rs 4,355 cr mortgage resulted in horror amongst the myth holders. The police has also seized Rs 3,500 crore property of the company.

“They’ll focus on legislative steps desired to terminate such incidents from taking place and empower the regulator better,” she had acknowledged.

The executive will exclaim in a legislation to this terminate within the winter session of Parliament, she had acknowledged.

Read Extra
news image

Latest News

Senior Manager – Data Science

Uber Hyderabad, Telangana Permanent Full-time We're looking for a seasoned risk professional to lead Uber's risk analytics team. Uber enables billions of ride around the world every year, and it is critical for us to manage the risks associated with the payments, MarketPlace abuses, and account security for all our users. We are pioneering new…

Software Engineer iOS

Uber Hyderabad, Telangana Permanent Full-time As the Risk & Payments team, Hyderabad, we are building next-generation payments experiences for millions of daily customers. We are changing how people pay for Uber services. Engineers working at Uber are highly autonomous, involved in decisions impacting the business and systems. We have a high bar for engineering quality,…

Senior Software Engineer – Knowledge & Decision Platform ( Backend )

We are looking for skilled & motivated engineers to help build core components of the Knowledge and Decision Platform (KDP) at Uber that powers areas like Risk, Safety and more. The technology you build will allow us to create a turn-key platform that will fuel growth at Uber via many applications as we move real…

HC & Insurance Operations Sr. Rep

NTT Data Gurgaon, Haryana Permanent Full-time NTT DATA Services strives to hire exceptional, innovative and passionate individuals who want to grow with us. If you want to be part of an inclusive, adaptable, and forward-thinking organization, apply now. We are currently seeking a [[93991]] to join our team in Gurgaon, Haryāna (IN-HR), India (IN).In this…

SAP Senior Data Scientist Job

SAP Bangalore, Karnataka Permanent Full-time Requisition ID: 252452 Work Area: Software-Design and Development Expected Travel: 0 - 10% Career Status: Professional Employment Type: Regular Full TimeCOMPANY DESCRIPTION SAP started in 1972 as a team of five colleagues with a desire to do something new. Together, they changed enterprise software and reinvented how business was done.…

More Articles Like This