Suitors for Punjab and Maharashtra Co-operative Bank (PMC Bank) may have to infuse additional capital of nearly Rs 750 crore so that the payout per depositor is more than the Rs 5 lakh sum assured by the Deposit Insurance and Credit Guarantee Corporation (DICGC). The Reserve Bank of India (RBI) has also slotted its board meeting on March 19 in Mumbai - a fortnight short of the current deadline to find a resolution for the beleaguered bank and the moratorium placed on it comes to an end. Sources close to the PMC Bank transaction said that the central bank wants the suitors "to go the extra mile so that depositors can get more than the Rs 5 lakh insured by the DICGC". This is also to ensure that the new owners of the bank - who are to be issued a small finance bank (SFB) licence - are serious and have deep pockets.
Former India football captain Baichung Bhutia was given the Lifetime Achievement award, while hockey legend and three-time Olympic gold medallist Balbir Singh Sr was honoured with the Icon of the Century award.
Iqbal Singh, a former Asian Championship bronze medalist for India, has been charged with murder in the US after he chillingly admitted to killing his wife and mother, according to media reports.
The police had no reports of domestic violence from the house.
Jaspal Rana and Samresh Jung finished sixth and 36th respectively in the 25 m Standard Pistol event at the World Shooting Championships.
The Aam Aadmi Party's candidate Savita Bhatti on Sunday opted out of Lok Sabha polls from the lone Chandigarh parliamentary seat. Savita, widow of comedian and satirist Jaspal Bhatti shot off an e-mail to the AAP office in Delhi mentioning that she is "not interested" in contesting the general elections.
One person was killed and scores injured on May 22 when Babbar Khalsa activists detonated two bombs in Satyam and Liberty cinema halls in Delhi.
Jaspal Bhatti's feel for the grime, the confusions, and the madness in our system was so complete that he could take on every kind of woman or man God ever gave to the institutions of India, feels Sreehari Nair.
Kalra, who held titles like the 'Czar of Indian Cuisine' and 'Taste maker to the Nation', conferred upon him by eminent writer Khushwant Singh, was best known for his role as a culinary revivalist.
Convicted terrorist Jaspal Atwal posed with Canadian Prime Minister Justin Trudeau's wife at an event in Mumbai.
A Bharatiya Janata Party MLA in Punjab was allegedly thrashed and his clothes torn by a group of farmers at Malout in Muktsar district on Saturday, police said.
India's junior shooting coach Jaspal Rana advised his wards, urging them to follow in the footsteps of Abhinav Bindra and not take things for granted.
'As a course mate who has followed closely this star on the Bombay Sappers firmament, my heart swells with pride to see his extraordinary brilliance and focus; his commitment and his dedication; his hard work; and his technical as well as tactical knowledge,' says Colonel K Thammayya Udupa (retd) of his batchmate General Manoj Pande who will take over as chief of the army staff on May 1.
Only when we are part of the same family, which will happen down the line, then, of course, we will give them (PMC depositors) all the assurance and the comfort.'
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Under pressure from the leadership of the Shiromani Akali Dal, Patiala Mayor Jaspal Pardhan, who has been booked by the police in the murder case of a woman, has resigned. Pardhan's son Preetinder Singh told PTI that his father had late on Monday night sent the resignation letter to party secretary and spokesman Daljit Singh Cheema after the ruling SAD asked him to resign on moral grounds.
With allegations levelled against its own members, India Against Corruption on Friday announced setting up of a three-member panel of retired judges to probe the charges against its prominent members, including Prashant Bhushan and Anjali Damania.
India's Silicon Valley, Bengaluru, which has a high population of expatriates driven by the information technology sector, is getting more reasonable on cost of living
There will be different ways of returning the money, depending on the profile of the depositors and the amount, predicts Tamal Bandyopadhyay.
Renowned pistol shooter Jaspal Rana praised army subedar Vijay Kumar for clinching an Olympic silver medal, but felt the over-hyped build-up to Abhinav Bindra and Ronjan Sodhi's participation in the London Games could have affected their focus and led to their failure.
The national championship silver and junior world championship bronze-medallist, however, could not replicate her qualification form in the final, only managing a sixth-place finish with a score of 116.
Budget has a direct connection with worry, not happiness, says Jaspal Bhatti, Actor-Satirist.
Mahant Satya Narayan was hiding in the house of his follower in a village under Ughaiti police station from where he was picked up.
Mr Jaspal Singh, managing director of Caan World Consultants, a reputed student visa consultancy in Jalandhar, sheds light on new UK student visa policies.
UK study visa expert Jaspal Singh speaks with RMS Atwal regarding this and various other aspects of studying in the UK.
Commonwealth Games gold medalist and ace marksman Samresh Jung won gold while Olympic medallist Vijay Kumar settled for a bronze in 25 meter standard pistol event at the 57th National Shooting Championship at Dr Karni Singh Ranges in New Delhi on Saturday.
The Taliban militants, who kidnapped Robin Singh, a Sikh in Peshawar, have demanded a ransom of Canadian $1,25,000 from his family in suburban Brampton in Ontario. The Pakistani Taliban are suspected to be behind the kidnapping, but according to Robin's father Bishan Dass, "I can't say whether they are Taliban. But they are terrorists.'
Terming the beheading of a Sikh in Pakistan as a matter of 'deep and serious concern,' the government on Wednesday said the issue is being taken up appropriately with the Pakistani side.
Two Sikhs who were kidnapped for ransom were found beheaded by the Pakistani Taliban in Pakistan's restive tribal belt in yet another brutal act by the militants.
India may adopt norms similar to the US Federal Reserve model, which regulates conglomerate-led banks in the country.
The incident occurred in Bagha Purana town on Thursday when Paramjit Singh, husband of Akali sarpanch Daljit Kaur, and their son Gurjit Singh, came to the private hospital along with a patient and the nurse, Ramandeep Kaur, told them to wait to get the person admitted.
Standard Chartered CEO-Asia Jaspal Bindra spoke to Anirudh Laskar and Sidhartha about the bank's plans and his assessment of the situation.
Mired in corruption, politics and with a history of suicides by its hapless depositors, PMC Bank's revival is a challenge very different from Yes Bank and LVB, both for the regulator and the rescuer, observes Tamal Bandyopadhyay.
India's first individual Olympic gold medallist Abhinav Bindra on Friday denied the National Rifle Association of India's allegations that he was "ungrateful" by not acknowledging its contribution in his success but refused to make further comment to prevent a controversy. The shooter, who won the gold in 10m air-rifle in Beijing, said joint effort of authorities, players and all related parties is required to improve the sport in the country.
Naidu said it is just a sort of exercise or discipline which unifies the body and the mind and has been accepted even by the International community.
East Bengal had to sweat till midway of the second-half before a Sanju Pradhan strike helped the defending champions beat Sporting Clube de Goa 1-0 in a Group C match and reach the semi-finals of the 30th Federation Cup at the Vidyasagar Krirangan in Barasat on Monday.
A penalty conversion by Jaspal Singh helped JCT scrape past New Delhi Heroes 1-0 in a Group C encounter and keep their semi-final hopes alive in the 30th Federation Cup at Vidyasagar Krirangan, in Barasat on Monday.
This was due to the fact that they had already won the Khel Ratna, the country's highest sporting honour.
Havaldar Jaspal Singh of 14 Sikh Light Infantry shot himself with his service rifle at an army camp in Pargwal area on Saturday night, Defence Spokesman Col S D Goswami said. The jawan died on the spot, he said, adding the body has been sent to his native Patiala city for last rites.
Tarvinder Kaur, who is pregnant, said her husband Jaspal Singh's application to become a permanent resident has been delayed for well over a month because of his last name.
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