PMC Bank scam: EOW conducts search at Rajneet Singh’s flat

"After producing Singh in the court, a team of around four officials took him to his flat in Karmashetra Building in Sion Koliwada area and conducted a search there. They were there for over an hour. Singh's family members were asked to wait outside the building during the search," an EOW official said.

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Bank of India, Indian Overseas Bank NPA divergences widen losses for FY19

Chennai-headquartered Indian Overseas Bank has reported a net non-performing asset (NPA) divergence of Rs 358 crore for 2018-19, due to which the divergence in provisioning came in at Rs 2,208 crore, according to a regulatory filing by the bank.

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RBI should be given full power to regulate co-op banks: Satish Marathe

In a letter to Finance Minister Nirmala Sitharaman, RBI Central Board Director Marathe also suggested that a broad-based committee should be set up to prepare a road map for the cooperative banking sector.

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Arohan Financial shelves IPO plan

To focus on ₹1,800 crore fresh funding

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RBI should be given full power to regulate cooperative banks: Satish Marathe

PMC, which is among the top-10 urban cooperative banks, was placed under an RBI-appointed administrator on September 23 for six months due to massive under-reporting of dud loans.

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