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CBI registers case against postal employees in UP

PRATAPGARH:The Central Bureau of Investigation (CBI) has registered a case against two postal department officials in Uttar Pradesh's Pratapgarh district for allegedly demanding a bribe of Rs 100 under the guise of service charge from a commission agent.

ICICI Bank opens 22 new branches in Punjab & Haryana this year; expands network in the states

CHANDIGARH:ICICI Bank today announced that it has opened 22 new branches across the states of Punjab & Haryana this financial year. This is part of the nationwide branch expansion initiative undertaken by the Bank under which it aims to open 450 new branches across the country in FY’20, of which 395 have already been opened.

Now avail easy EMIs from Bajaj Finserv to meet your lifestyle requirements

PUNE: Bajaj Finserv, through its lending and investing arm Bajaj Finance Limited is offering Lifestyle Finance, which provides you with a smart way to make purchases on No Cost EMIs, regardless of the product or service you’re looking for. Customers can avail of this financing option via the Bajaj Finserv EMI Network,.

RBI affidavit details how it was 'cheated' by scam-hit PMC Bank

MUMBAI:In a detailed affidavit filed before the Bombay High Court on Tuesday, the Reserve Bank of India (RBI) has virtually admitted that it was 'cheated' by the management of the scam-hit Punjab & Maharashtra Cooperative (PMC) Bank.

ED attaches properties worth Rs 21 cr in NH-74 case

NEW DELHI:The Enforcement Directorate (ED) on Tuesday said that it has attached properties to the tune of Rs 21.96 crore belonging to a Special Land Acquisition officer and others in its money laundering probe into the National Highway (NH) 74 case.

K'taka BJP's 'defected' contestant declares Rs 1,120-cr assets

BENGALURU:For the ruling BJP in Karnataka, Congress defector M.T.B. Nagaraj is a prize catch, as he declared a whopping Rs 1,223-crore worth assets in his nomination affidavit to contest in the December 5 Hoskote assembly by-election, a party official said on Saturday.

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.

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