Page 2 - Draft Scheme News Today

93% of business leaders want the government to go back to the drawing board with its Right to Request Remote Working Bill, the IoD has said.

In a hard-hitting letter, the body known as PMCB Shareholders and Account holders Forum has rejected the draft scheme for PMC amalgamation and called it a piece of rubbish. It bears recall the Reserve Bank of India had placed in the public domain a draft scheme of amalgamation of The Punjab and Maharashtra Cooperative (PMC) […]

Finding faults with several provisions of the Draft Scheme of Amalgamation for the PMC Bank, as put forward by the RBI, Sahakar Bharati felt that the idea of paying back depositors’ money in a time period of 10 years

Finding faults with several provisions of the Draft Scheme of Amalgamation for the PMC Bank, as put forward by the RBI, Sahakar Bharati felt that the idea of paying back depositors’ money in a time period of 10 years

On Monday the Reserve Bank of India has placed in public domain a draft scheme of amalgamation of The Punjab and Maharashtra Cooperative (PMC) Bank with Unity Small Finance B

Generations of foreign royals – particularly from the Middle East – have learned to be military leaders at the UK’s Sandhurst officer training academy. But is that still a good idea, asks Matthew Teller. Since 1812, the Royal Military Academy Sandhurst, on the Surrey/Berkshire border, has been where the British Army trains its officers. It […]

IDBI Bank out of PCA framework March 10, 2021 This is following the lender’s written commitment on complying with PCA norms The Reserve Bank of India has decided to take IDBI Bank out of the Prompt Corrective Action (PCA) framework, subject to certain conditions and continuous monitoring. This development comes in the backdrop of the Budget announcement that the government is working towards strategic disinvestment of its stake in IDBI Bank in FY2022. The central bank had invoked the PCA agai...

IDBI Bank is planning to set off accumulated losses of about Rs 44,500 crore against the balance standing to the credit of the Securities Premium Account (SPA) after the declaration of its fourth quarter (Q4FY21) financial results. According to the Draft Scheme for setting off accumulated losses as on April 01, 2021 against SPA, this balance sheet neutral exercise of re-arrangement of liabilities will enable the bank to represent its true financial position. It will also help the bank to raise ...