Articles for Rbi Tells

Paytm's Vijay Shekhar Sharma puts up a brave face amid crisis, tells employees ‘no layoffs’
11 months ago

Paytm's Vijay Shekhar Sharma puts up a brave face amid crisis, tells employees ‘no layoffs’

Hindustan Times  

Paytm founder Vijay Shekhar Sharma assured employees that there will be no layoffs as the company continues to struggle after the Reserve Bank of India restricted Paytm Payment Bank Ltd from offering almost all major banking services- taking deposits, FASTag, and credit transactions. Many banks are helping us,” Vijay Shekhar Sharma said during a virtual town hall with employees of …

Bank Sharma Rbi Vijay Paytm Shekhar Cait
RBI relaxes KYC norms, tells banks not to impose any restriction till December-end
3 years, 8 months ago

RBI relaxes KYC norms, tells banks not to impose any restriction till December-end

India TV News  

The Reserve Bank on Wednesday asked banks and other regulated financial entities not to impose any punitive restriction against customers for failure to update KYC till December end, in view of the second wave of coronavirus cases. The RBI has also decided to extend the scope of video KYC or V-CIP for new categories of customers such as proprietorship firms, …

Rbi Customer Kyc Impose Restriction
Moratorium extension not in borrowers\' interest: RBI tells SC
4 years, 2 months ago

Moratorium extension not in borrowers\' interest: RBI tells SC

Deccan Chronicle  

New Delhi: A loan moratorium exceeding six months might result in vitiating the overall credit discipline, which will have a debilitating impact on the process of credit creation in the economy, the Reserve Bank of India told the Supreme Court on Saturday. In its 17-page “consolidated affidavit” filed ahead of the hearing on Tuesday of the loan moratorium case, the …

Bank Loan Interest Borrowers Moratorium Rbi Tells
Fraud-hit PMC asked other major banks for merger: Bank tells Delhi HC
4 years, 3 months ago

Fraud-hit PMC asked other major banks for merger: Bank tells Delhi HC

India Today  

India’s fraud-hit PMC Bank has approached other banks over a possible merger even as its efforts to recover funds from a big borrower have been disrupted by the coronavirus pandemic, the bank’s administrator said in a court filing seen by Reuters. PMC has “tried to engage with the major banks of the country to request for a merger”, the bank’s …

India Pmc Rbi Delhi Hc Filing Hdil Bhoria
PMC Bank Falsified Records, Treated NPA Accounts As Non-NPA; RBI Tells Bombay HC, Court Refuses To Interfere With Withdrawal Restrictions
5 years, 1 month ago

PMC Bank Falsified Records, Treated NPA Accounts As Non-NPA; RBI Tells Bombay HC, Court Refuses To Interfere With Withdrawal Restrictions

Live Law  

As hundreds of aggrieved depositors of the Punjab and Maharashtra Co-operative Bank protested outside the Bombay High Court, Reserve Bank of India on Tuesday filed a detailed affidavit listing out the reasons why the financial irregularities at Punjab and Maharashtra Co-operative Bank were not detected earlier by the Central Bank and steps being taken to ease the financial stress that …

Court Bank Pmc Withdrawal Affidavit Accounts Npa
PMC Bank scam: Will not spare anyone, Mumbai Police chief tells protesters
5 years, 2 months ago

PMC Bank scam: Will not spare anyone, Mumbai Police chief tells protesters

India Today  

Mumbai Police Commissioner Sanjay Barve has assured the depositors affected by the Punjab and Maharashtra Cooperative Bank scam that the police will not spare anyone found guilty in the case. Barve said the police will try to get the money back and complete investigation in the PMC Bank case in 90 days. Barve said he was also a banker while …

Bank Pmc Rbi Mumbai Police Barve Depositors Pmc Bank