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Saturday, April 20, 2024
TopicPMC Bank

Topic: PMC Bank

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

Rachel John -
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

PTI -
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

Abhishek Vishnoi -
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

PTI -
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

PTI -
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

Fiza Jha -
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

Anirban Nag -
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

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

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

Suvashree Ghosh -
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

Suvashree Ghosh -
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.
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Opinion

Iran-Israel conflict will now be shaped by 3H—Houthis, Hamas, Hezbollah

Pia Krishnankutty -
Israel's response to Iran's retaliatory attack was relatively small and also downplayed by Tehran. But there are factors that could jeopardise this perceived reprieve.

‘Sonia wouldn’t become PM’—Congress ‘whisper campaign’ that denied PC Alexander President post

Stop asking fans to explain why they like Taylor Swift. Belittling Swifties reeks of sexism

Economy

CBDT signs record 125 Advance Pricing Agreements, 31% more than last year

ThePrint Team -
The 125 APAs include 86 Unilateral APAs (UAPAs) and 39 Bilateral APAs (BAPAs). The total number of APAs since the start of the APA programme has risen to 641, with 506 UAPAs and 135 BAPAs.

Defence

Vice Admiral Dinesh Kumar Tripathi to take over as Chief of the Naval Staff

ThePrint Team -
He has been the chief of personnel and the flag officer commanding-in-chief, Western Naval Command, in the rank of vice admiral.

National Interest

These 6 states are key for Modi’s ‘400 paar’ target. They’re also where Opposition can stop him

Shekhar Gupta -
While this contest looks so predictable in large swathes of our political landscape, it is also more keenly contested than 2019 in some states.

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