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Tuesday, September 30, 2025
TopicPMC Bank

Topic: PMC Bank

Pratap B Mehta on protest, M Sabnavis on making bank deposits safe & what millenials want

The best of the day’s opinion, chosen and curated by ThePrint’s top editors.

On PMC Bank case, Nirmala Sitharaman says govt will discuss legislative steps

Finance Minister Nirmala Sitharaman faced protests by depositors after PMC Bank was put under RBI "directions" due to its weak financial health.

Shadow banking crisis tests stock bulls’ faith in rally

The Sensex index erased almost half of the surge sparked by the corporate tax cut as debt concerns emerge at lenders, including Indiabulls Housing Finance Ltd. and PMC Bank.

Court sends PMC Bank ex-MD Joy Thomas to police custody until 17 October

Police say they want to question the former PMC Bank MD for the alleged Rs 4,355 crore scam, but his lawyers claim he he is being made a 'scapegoat'.

Two HDIL directors arrested in PMC Bank scam, property worth Rs 3,500 crore frozen

HDIL directors Rakesh Wadhawan and his son Sarang Wadhawan, accused of loan default, were arrested by the Economic Offences Wing of Mumbai Police.

Pragya Thakur, Akash Vijayvargiya’s NYT read on Mahatma & peaks for Trump’s presidency

The best cartoons of the day, chosen by the editors at ThePrint.

RBI set to cut rates tomorrow amid worries over crises at PMC, Lakshmi Vilas Bank

RBI is set to lower its benchmark rate for fifth time this year Friday, days after it reassured the public that banking system is safe and stable.

What Chinmayanand shares with India and a ‘muted’ Kashmir

The best cartoons of the day, chosen by the editors at ThePrint.

How PMC Bank hid its bad loans and duped RBI for years

A letter by PMC Bank’s former managing director describes in detail how the bank duped RBI about its growing exposure to HDIL.

PMC Bank crisis exposes failure of Indian regulators

Only 54 big lenders are monitored by RBI & investors are now trying to figure out whether they pose new threat to banking system hobbled by bad loans.

On Camera

Bodoland poll loss a wake-up call for Assam BJP. Zubeen’s death puts CM Sarma in a tight spot

Assam CM can’t celebrate that the Congress drew a blank in the Bodoland Territorial Council polls in 2010 as well as 2015, and bagged only one in 2020.

Market regulator SEBI clears Adani Group of impropriety alleged by Hindenburg Research

SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.

Aerial warfare analyst Tom Cooper faults India’s military PR, says Pakistan does it better

In post on social media, Cooper narrated experience of MiG-21 researcher from Germany who wanted to attend aircraft’s farewell ceremony in India, and the roadblocks he faced. 

Something’s hidden in the Oval Office photo of Trump, Munir, Sharif. India must look closely

What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.