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PMC Bank case: ED summons Sanjay Raut's wife

 The Enforcement Directorate has summoned Varsha Raut, wife of Shiv Sena MP Sanjay Raut, for questioning in the PMC Bank money laundering case on December 29, officials said on Sunday. Varsha Raut......

ED summons to Sanjay Raut's wife politically motivated: Aaditya

 Yuva Sena president and Maharashtra minister Aaditya Thackeray on Monday termed the summons issued by the Enforcement Directorate to wife of Shiv Sena MP Sanjay Raut as "politically motivated".......

Do not park too much money in co-operative banks

 Do not go for riskier options like co-operative bank only for the higher return. Even if you go for them, park only a small portion of your capital there, say Tinesh Bhasin and Sanjay......

RBI supersedes Abhyudaya Co-op Bank board for poor governance

 The Reserve Bank on Friday superseded the board of the Mumbai-based Abhyudaya Cooperative Bank on concerns emanating from "poor governance" and appointed an administrator to manage the affairs of......

RBI diktat to banks on opening current accounts

 The move will avoid hoodwinking the system and reduce the blind spots, which will ultimately lead to protection of depositors' money. With a view to improve credit discipline, the Reserve Bank on......

PMC Bank customers not to get Rs 5 lakh deposit cover in first lot

 Customers of stressed Punjab & Maharashtra Co-Operative Bank (PMC Bank) will not get up to Rs 5 lakh insurance cover in the first lot as the multi-state co-operative bank is under the resolution......

Depositors of 21 stressed co-op banks to get Rs 5 lakh by Nov

 The banks are required to submit a claim list by October 15. Illustration: Uttam Ghosh/Rediff.com The Deposit Insurance and Credit Guarantee Corporation (DICGC) will pay the depositors of 21......

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