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Business News: PMC Resolution: Large depositors can expect faster payout

PMC Resolution: Large depositors can expect faster payout : Rashtra News #PMC #Resolution #Large #depositors #expect #faster #payout Large value depositors of the erstwhile Punjab and Maharashtra Co-operative Bank (PMC) can expect a faster payout according to the final notification of the bank's restructuring plan by the government. According to the draft scheme, the first

Rakesh-wadhawan , Maharashtra-bank , Unity-small-finance-bank , Centrum-group , Credit-guarantee-corporation , Maharashtra-co-operative-bank , Deposit-insurance , Guarantee-corporation , Bharatpe , Business , Depositors , Expect

Business News: Retail depositors earning negative returns; relook taxation on interest: SBI economists

Retail depositors earning negative returns; relook taxation on interest: SBI economists : Rashtra News Retail depositors are earning negative returns on their bank deposits and hence, there is a need for reviewing taxes on interest earned, economists at the country's largest lender SBI have said. If not for all the depositors, the taxation review should

Soumya-kanti-ghosh , Business , Depositors , Earning , Economists , Interest , Negative , Negative-returns , News , Relook , Retail

Embezzlement crisis in Nepal's co-ops sparks protests in streets

Members of Nepalese co-ops reached an agreement with the country’s government on 21 March, after weeks

Bhaktapur , Nepal-general- , Nepal , Kathmandu , Bagmati , India , Mumbai , Maharashtra , Parbat , Nepalese , Balgopal-shrestha , Anca-voinea

Nifty: Private banks are riding a tailwind - The Economic Times

Private banks are gaining market share due to investor interest in their public sector rivals, pushing headline stock indices to new highs. This is due to PSBs' access to a larger base of depositors and tight liquidity, which has a bigger effect on private bank margins. The current trend of private banks gaining in valuation is aided by a broader revival of investor interest in India's public sector undertakings.

India , India-inc , Nifty , Private-banks , Psbs , Balance-sheets , Small-enterprises , Depositors , Households , Interest-rates ,

No plan to review order against Paytm Bank: RBI Governor

The governor, however, said an FAQ will be issued this week to address concerns of customers and depositors, including FASTag holders and wallet users, who could be impacted by the RBI restrictions on PPBL. "We take decisions after a lot of consideration and analysis. At the moment, there is no review of the decision (on PPBL)," he told reporters in the national capital on Monday after finance minister Nirmala Sitharaman's customary post-budget address to the RBI board.

New-delhi , Delhi , India , Nirmala-sitharaman , Shaktikanta-das , Paytm-payments-bank-ltd , Reserve-bank , Paytm-bank , Rbi-governor , Curbs , Faq , Customers

Sigh of relief: Maha govt to provide insurance cover on credit co-op deposits

In a major development, Maharashtra government led by Eknath Shinde has given its nod for providing insurance cover upto Rs 1 lakh to the depositors of credit cooperatives of the state. The decision is expected to be helpful for three crore depositors connected with more than 12,000 credit cooperatives of Maharashtra. The state government has

Dilip-walse-patil , Devendra-fadnavis , Eknath-shinde , Jijaba-pawar , Uday-joshi , Dnyandeep-credit-cooperative-society , Sahakar-bharati-national , Liquidity-assistance-fund , Maharashtra-state-cooperative , Anil-kawade , Ajit-pawar , Maharashtra-dnyandeep-credit-cooperative-society

Sahara: RTI reveals only 0.3% of total claimed amount paid out so far

The response to a recent Right to Information (RTI) application is a startling revelation about the Sahara

India , Bihar , Akash-goel , Central-registrar-of-cooperative-societies , Exchange-board-of-india , Supreme-court , Central-registrar , Cooperative-societies , Sushil-modi , Mos-cooperation-ministerbl-verma , Exchange-board , Breaking

Sahara: RTI reveals only 0.3% of total claimed amount paid out so far

The response to a recent Right to Information (RTI) application is a startling revelation about the Sahara

Bihar , India , Akash-goel , Central-registrar-of-cooperative-societies , Exchange-board-of-india , Supreme-court , Central-registrar , Cooperative-societies , Sushil-modi , Mos-cooperation-ministerbl-verma , Exchange-board , Breaking

Address Troubled Cooperatives Promptly and Resolutely

In the wake of mounting concerns and grievances from depositors entangled in the web of troubled cooperatives, the government's recent directive to these cooperatives to submit their work plans by mid-April is a welcome step. However, it is imperative that the concerned government bodies expedite their efforts and take decisive actions to address the deep-seated issues plaguing the cooperative sector in Nepal.

Nepal , Sector-reform-recommendation-task , Ministry-of-land-management , Problematic-cooperatives-asset-management-committee , Department-of-cooperatives , Land-management , Poverty-alleviation , Oriental-cooperative , Depositors , Roubled-cooperatives , Inistry-of-land-management

Sahara depositors can resubmit their claims

For the depositors, whose claims could not be processed due to deficiencies observed in their claims,

Sahara-group-of-cooperative-societies , Supreme-court-order , Sahara-refund-portal , Union-minister , Lok-sabha , Sahara-group , Cooperative-societies , Supreme-court , Online-portal , Cooperative , Crcs