HDIL

Delhi HC to hear plea seeking to allow RBI, PMC Bank to sale Rs 4,000 cr worth properties of HDIL on Dec 9

Delhi HC to hear plea seeking to allow RBI, PMC Bank to sale Rs 4,000 cr worth properties of HDIL on Dec 9

The Delhi High Court will hear case on December 9 seeking to allow RBI and PMC Bank to sale and auction Rs 4,000 crore worth land and pro...Read More

PMC scam: Mumbai Court gives nod to sell two jets, yacht of Wadhawans

PMC scam: Mumbai Court gives nod to sell two jets, yacht of Wadhawans

A court here has allowed the RBI-appointed administrator for the PMC Bank to sell two airplanes and a yacht belonging to HDIL group firms...Read More

Mumbai: HDIL promoters remanded in custody

Mumbai: HDIL promoters remanded in custody

The father-son duo, who had earlier been arrested by the Mumbai police’s Economic Offences Wing (EOW) in connection with the Rs 4,355 cro...Read More

SC declines to hear PMC Bank depositors PIL, says other avenues open

SC declines to hear PMC Bank depositors PIL, says other avenues open

Can't entertain PMC Bank customers plea in current form: Supreme Court

PMC Bank scam: 300 bank accounts suspected to be used in routing money for HDIL, says Report

PMC Bank scam: 300 bank accounts suspected to be used in routing money for HDIL, says Report

In a fresh turn of developments, former Managing director of Punjab and Maharashtra Co-operative Bank (PMC) Joy Thomas has been sent to j...Read More

PMC bank scam: HDIL pitches for sale of its assets

PMC bank scam: HDIL pitches for sale of its assets

Denying allegations of money laundering, Rakesh and Sarang Wadhawan have said in a letter October 16 that they wanted to "work towards th...Read More

'Banks may need to report HDIL's dues, provisioning status'

'Banks may need to report HDIL's dues, provisioning status'

New Delhi: Public sector banks having fund exposure to the bankrupt real estate firm HDIL may have to classify the loans given to it as n...Read More

HDIL owner Rakesh Wadhawan, arrested in PMC Bank scam, named in another alleged cheating case

HDIL owner Rakesh Wadhawan, arrested in PMC Bank scam, named in another alleged cheating case

The case relates to a complaint by 50 flat buyers who alleged that they HAD booked flats in a real estate project in Ghaziabad's Indirapu...Read More

22-room farmhouse, jet, yatch among HDIL assets seized as ED carries out fresh raids in PMC Bank scam

22-room farmhouse, jet, yatch among HDIL assets seized as ED carries out fresh raids in PMC Bank scam

New Delhi: The Enforcement Directorate said on Monday it is carrying out raids at two places in Mumbai of Housing Development and Infrast...Read More

PMC Bank: ED identifies HDIL 'gifts' to politicians

PMC Bank: ED identifies HDIL 'gifts' to politicians

Mumbai: The Enforcement Directorate (ED) has started identifying the properties and vehicles allegedly 'gifted' by the promoters of HDIL ...Read More

Congress releases list of scams with BJP involvement ahead of Maharashtra Assembly polls

Congress releases list of scams with BJP involvement ahead of Maharashtra Assembly polls

Mumbai: The Punjab and Maharashtra Co-operative Bank scam has again drawn attention of the masses towards corruption. The alleged Rs 4,35...Read More

PMC bank Scam: HDIL promoters remanded to EOW custody till October 9

PMC bank Scam: HDIL promoters remanded to EOW custody till October 9

The duo were arrested by the EOW on Thursday in connection with the Rs 4,355.46 crore fraud in the Punjab and Maharashtra Co-operative (P...Read More

PMC Bank crisis: Banking system, including cooperatives safe, sound: Das

PMC Bank crisis: Banking system, including cooperatives safe, sound: Das

Mumbai: Reserve Bank governor Shaktikanta Das on Friday said the banking system is sound and stable, and one incident at a cooperative ba...Read More

Two top HDIL directors arrested in PMC Bank case

Two top HDIL directors arrested in PMC Bank case

Mumbai: Economic Offence Wing of Mumbai Police on Thursday arrested Housing Development Infrastructure Limited (HDIL) Directors Sarang Wa...Read More

The Punjab and Maharashtra Co-operative Bank had more than 21,000 fictitious accounts

The Punjab and Maharashtra Co-operative Bank had more than 21,000 fictitious accounts

As against this, HDIL had been regularly defaulting on payments to PMC Bank since 2008. However, its accounts were not classified as non-...Read More

Loans were taken after giving 'adequate security' cover, says HDIL on PMC Bank crisis

Loans were taken after giving 'adequate security' cover, says HDIL on PMC Bank crisis

New Delhi: Crisis-hit HDIL on Tuesday said that loans taken from banks including Punjab and Maharashtra Cooperative Bank were in normal c...Read More

EOW registers FIR against HDIL, PMC bank officials for fraud of over Rs 4,000 crore

EOW registers FIR against HDIL, PMC bank officials for fraud of over Rs 4,000 crore

Mumbai: The Economic Offences Wing (EOW) of Mumbai Police on Monday registered an FIR against the senior officials of HDIL and PMC bank i...Read More

PMC & HDIL honchos booked for public loot

PMC & HDIL honchos booked for public loot

Limited, for defrauding the bank of Rs 4355.46 crore by entering into a criminal conspiracy.

PMC exposure to HDIL 73% of all its assets

PMC exposure to HDIL 73% of all its assets

As per regulations, single entity exposure limit for banks is 15 per cent of their capital fund. For group companies, the exposure limit ...Read More

RBI hikes withdrawal limit to Rs 10,000 from Rs 1,000 for PMC's depositors

RBI hikes withdrawal limit to Rs 10,000 from Rs 1,000 for PMC's depositors

In a relief to the harried customers of crisis-hit Punjab & Maharashtra Cooperative Bank, the Reserve Bank Thursday increased the cas...Read More

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