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Tainted MLA Kanda is kingmaker for BJP in Haryana

NEW DELHI: Gopal Kanda, an accused in the suicide of an air hostess and her mother, has become the kingmaker for the BJP in Haryana where the party is struggling to form government after being restricted short of majority.

BSP graph dips alarmingly in UP

LUCKNOW: The Bahujan Samaj Party is losing its base very rapidly in Uttar Pradesh.

Sikkim CM wins from Poklok-Kaamrang, BJP wins 2 seats

GANGTOK:Sikkim Chief Minister and Sikkim Krantikari Morcha (SKM) candidate Prem Singh Tamang alias P.S. Golay swept to victory in the Poklok-Kaamrang constituency with a huge margin while BJP nominees won from Martam-Rumtek and Gangtok on Thursday in the assembly bypolls vote count in the Himalyan state.

Chit fund firm MD arrested for duping investors in Odisha

BHUBANESWAR:The Economic Offences Wing (EOW) of Odisha Crime Branch has arrested the managing director of a chit fund firm on charges of duping investors of over Rs 5 crore, police said on Tuesday.

SC refuses to entertain plea on insuring PMC Bank customers

NEW DELHI:The Supreme Court on Friday refused to entertain plea seeking directions for redressal of certain aspects, including insuring around 15 lakh people whose money is blocked in the scam-hit Punjab & Maharashtra Co-operative Bank (PMC Bank).

PMC customer with Rs 90 lakh in bank dies of stress

MUMBAI:A customer with around Rs 90 lakh in the crisis-hit Punjab & Maharashtra Cooperative Bank Ltd has died. Sanjay Gulati had already lost his job earlier this year following the collapse of the Jet Airways, and now restrictions on his hard-earned savings may have taken away his life.

PMC bank not linked in any manner with Punjab State Cooperative Banks in any state: Dr. S. K. Batish

CHANDIGARH: The Punjab & Maharashtra Cooperative Bank (PMC), in the news for fraudulently extending loans to housing development and infrastructure ltd. (HDIL), imperiling deposits of numerous customers, is an urban cooperative bank working in the State of Maharashtra which has no relation with the Punjab State Cooperative Bank and District Central Cooperative Banks working in the State of Punjab.

Capt Amarinder reminded Harsimrat Badal, "it were Akalis who humiliated Akal Takht Jathedar"

CHANDIGARH: In a stinging response to Harsimrat Kaur Badal’s latest tirade against his government, Punjab Chief Minister Captain Amarinder Singh on Sunday reminded the Akali leader that it was her own Shiromani Akali Dal (SAD) regime that had shamelessly and willfully heaped humiliation on the Akal Takht Jathedar in sharp contrast to his government, which had always treated the Sikh temporal seat with exemplary respect.

ED attaches jewellery worth Rs 60 cr of HDIL Chairman

NEW DELHI: The Enforcement Directorate claimed on Saturday that it has attached a private jet and jewellery worth Rs 60 crore of Housing Development and Infrastructure Limited (HDIL) Chairman Rakesh Wadhawan and his son Sarang Wadhawan.

Lakshmi Vilas Bank's stocks slump 5% as RBI initiates PCA

MUMBAI: Shares of Lakshmi Vilas Bank hit the 5 per cent lower circuit on Monday after the Reserve Bank of India (RBI) initiated Prompt Corrective Action (PCA) against it on account of its high non-performing assets (NPA) among other issues.

Punjab govt deposits Langar refund of Rs.1.96 crores in SGPC account

CHANDIGARH: Captain Amarinder Singh led Punjab Government on Tuesday transferred Rs. 1,96,57,190 to the bank account of the Shiromani Gurdwara Prabhandak Committee (SGPC), to settle the entire pending claim of Darbar Sahib, Amritsar, against the state GST Langar, after the completion of all the necessary procedural processes.

RBI bars PMC Bank from business transactions

MUMBAI: The Reserve Bank of India has placed the Punjab & Maharashtra Cooperative Bank Ltd, Mumbai from carrying out any kind of business transactions, here on Tuesday, sparking panic among the banks depositors and sending shock waves in city trading community.

Banks' 2018-19 savings deposits up at Rs 39.72 lakh cr: RBI

MUMBAI:  Indian private and public sector banks (PSBs) had aggregate savings deposits of Rs 39.72 lakh crore as on March 31, 2019, while foreign banks had a share of Rs 58,630 crore, according to RBI data published in the Handbook of Statistics on Indian Economy 2018-19.

RBI external benchmark for bank loans credit negative: Moody's

MUMBAI: Moody's Investor Service on Tuesday said the RBI's mandate on aligning commercial bank floating loan rates to the external benchmark from next month is credit negative for Indian banks.

SBI cuts lending rates, home loans to get cheaper

MUMBAI: Country's largest lender State Bank of India (SBI) on Monday announced a reduction in its marginal cost-based lending rate or MCLR by 10 basis points across all tenors and has also reduced rates on term deposits.

Looking to invest your salary - Consider the stable Bajaj Finance Fixed Deposit

PUNE, Maharashtra: Making your money earn big revenue for you is arguably one of the best ways to grow your wealth. You earn through your salary and multiply your finances through a suitable investment instrument. That said, picking a reliable instrument has become a tricky endeavour as there is a fair deal of uncertainty that looms over market-related vehicles. Nevertheless, while equity-linked instruments went into the red in 2018, regular deposits like FD continued to reward investors with timely payouts.

Perils of breaking your FD before maturity

PUNE, Maharashtra: Making a premature withdrawal from your fixed deposit may seem to be the best option when you need quick funding for a short period, be it to pay for an unplanned medical treatment or undertake urgent home repair work. However, a premature withdrawal has certain negative consequences, due to which most financial experts advise against it.

Odisha govt extends tenure of chit fund inquiry commission

BHUBANESWAR: The Odisha government has extended the tenure of the Justice M.M. Das Commission inquiring into the chit fund scam for six months, said an official on Friday.

BJP's assets increased by 22% in 2017-18: ADR

NEW DELHI:  The total assets of the BJP in 2017-18 registered a rise of 22 per cent compared to previous financial year's asset declaration of Rs 1,213 crore to Rs 1,483.35 crore, election watchdog Association of Democratic Reforms (ADR) has said.

Allahabad Bank looks at 9% business growth in FY20

KOLKATA: State-run Allahabad Bank is looking at a modest business growth of 9 per cent during fiscal year 2019-20 through a focus on consolidating current account and savings accounts (CASA) base and increasing dependency under the retail sector, according to its latest annual report.

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