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PMC Bank withdrawal limit raised to Rs.25,000 from Rs.10,000: RBI

New Delhi, Oct. 3 -- In a further relief to Punaj and Maharashtra bank customers, Reserve Bank of India (RBI) on Thursday increased the withdrawal limit to Rs.25,000 from Rs.10,000. "The Reserve Bank... Read More


RCAP to exit lending biz: anil ambani

Mumbai, Oct. 1 -- Reliance Capital Ltd will exit its lending business and let its insurance units become long-term value creators, said Anil Ambani, chairman of Anil Dhirubhai Ambani Group (ADAG). Re... Read More


Large withdrawals led to RBI's curbs on PMC Bank

Mumbai, Oct. 1 -- Large withdrawals of deposits from Punjab & Maharashtra Co-operative Bank (PMC Bank) in a span of two-three days forced the Reserve Bank of India (RBI) to put curbs on the troubled b... Read More


Reliance Capital to exit all lending businesses: Anil Ambani

Mumbai, Sept. 30 -- Anil Dhirubhai Ambani Group (ADAG) chairman Anil Ambani on Monday said Reliance Capital has decided to exit all lending businesses. Instead, it will be a financial shareholder in R... Read More


Large withdrawals led to RBI imposing curbs on PMC Bank

Mumbai, Sept. 30 -- Large withdrawals of deposits from Punjab & Maharashtra Co-operative Bank (PMC Bank) in a span of two-three days forced the Reserve Bank of India (RBI) to put curbs on the troubled... Read More


Reliance Cap will exit lending biz, says ADAG chairman Anil Ambani

Mumbai, Sept. 30 -- Reliance Capital Ltd will exit its lending business and let its insurance units become long-term value creators, said Anil Ambani, chairman of Anil Dhirubhai Ambani Group (ADAG). ... Read More


RBI may cut rate to support govt move to revive growth

Mumbai, Sept. 30 -- The Reserve Bank of India (RBI) is likely to cut policy rates by 25 basis points (bps) on Friday to support the government's measures, such as reducing corporate tax, to boost econ... Read More


PMC Bank administrator to assess damage, take action

Mumbai, Sept. 26 -- The Reserve Bank of India (RBI)-appointed administrator of Punjab and Maharashtra Co-operative Bank Ltd (PMC), JB Bhoria, on Wednesday said his role will be to find out the extent ... Read More


RBI appoints administrator, who says will find extent of damage

Mumbai, Sept. 26 -- The RBI-appointed administrator of Punjab and Maharashtra Cooperative Bank Ltd (PMC), JB Bhoria, said his role will be to find the extent of damage and take appropriate action. As ... Read More


Need to assess extent of damage done to PMC bank: RBI administrator

Mumbai, Sept. 25 -- The Reserve Bank of India appointed administrator of Punjab and Maharashtra bank JB Bhoria on Wednesday said his role is to find out the extent of damage done to the bank and take ... Read More