News for 'Maharashtra State Cooperative Bank'

Pawar 'won't get involved' in Sena symbol row

Pawar 'won't get involved' in Sena symbol row

Rediff.com19 Feb 2023

Nationalist Congress Party chief Sharad Pawar on Sunday said he has clarified his stand on the Election Commission's decision to recognise Eknath Shinde-led faction as the real 'Shiv Sena' and allocation of the 'bow and arrow' poll symbol to it, and will not get involved in the controversy over it.

Saraswat Bank Chairman Eknath Thakur passes away

Saraswat Bank Chairman Eknath Thakur passes away

Rediff.com7 Aug 2014

Thakur, who also represented Shiv Sena in the Rajya Sabha, was 72.

BJP's attempt to bring down Maha govt won't succeed: Pawar

BJP's attempt to bring down Maha govt won't succeed: Pawar

Rediff.com30 Dec 2020

"It is a stable government and it will continue," Pawar said.

Strike evokes mixed response; banking, transport services hit

Strike evokes mixed response; banking, transport services hit

Rediff.com2 Sep 2016

While some states like Kerala and Telangana were badly hit by the strike, the impact was partial in Punjab, Haryana and Maharashtra

Yes Bank's insolvency may widen economic pain: S&P

Yes Bank's insolvency may widen economic pain: S&P

Rediff.com9 Mar 2020

SBI's ownership should give confidence to depositors and lenders about the bank's solvency.

How co-op societies outsmart the taxman

How co-op societies outsmart the taxman

Rediff.com15 Dec 2016

Financial Intelligence Unit data show many of these societies have become the biggest draw for laundering money. Subhomoy Bhattacharjee reports.

Can RBI Win The War On Inflation?

Can RBI Win The War On Inflation?

Rediff.com13 Sep 2023

'There are occasions when the prices of individual items like food raise inflation; then supply-side measures must be taken.' 'But if there is continued inflation, it means liquidity is aggravating the situation.'

Govt to procure 200K-tonne onions amid farmer protest

Govt to procure 200K-tonne onions amid farmer protest

Rediff.com23 Aug 2023

Barely days after imposing a 40 per cent export tax on onions to cool down soaring prices, which, in turn, triggered widespread protests across the main growing belts, the Centre on Tuesday sought to mitigate both political and economic tensions gripping parts of Maharashtra. It decided to procure an additional 200,000 tonnes of onions at Rs 2,410 per quintal for its buffer stock from farmers, a rate that is strikingly close to the price at which they were being exported before the 40 per cent duty was levied on August 19. The export price before the imposition of the duty stood at around $320 per tonne free on board (approximately Rs 2,650 per quintal).

Maha farmer urges PM to ensure MSP, kills self over onion price crash

Maha farmer urges PM to ensure MSP, kills self over onion price crash

Rediff.com20 Sep 2022

The suicide note also stated about "foul language" used by people associated with a cooperative society and threat by lenders (finance firms), a police officer said on Monday.

Modiji: Privatise Banks Now!

Modiji: Privatise Banks Now!

Rediff.com12 Mar 2018

'Modi wants to reverse everything Nehru did, but is shy of touching his daughter's most unwise policies.' 'There is no example of this more stark than bank nationalisation,' says Shekhar Gupta.

Ajit Pawar explains his absence during Shah's Mumbai visit

Ajit Pawar explains his absence during Shah's Mumbai visit

Rediff.com24 Sep 2023

Shah visited the residences of CM Ekanth Shinde, and DCM Devendra Fadnavis to take darshan of Lord Ganesh.

No need to fear CAA, NPR, says Uddhav after meeting Modi

No need to fear CAA, NPR, says Uddhav after meeting Modi

Rediff.com22 Feb 2020

The Shiv Sena chief said an atmosphere is being created in the country that the National Register of Citizens (NRC) is 'dangerous' for Muslims, but added that the exercise will not be carried out in Maharashtra.

Action will be taken against Ajit: Sharad Pawar

Action will be taken against Ajit: Sharad Pawar

Rediff.com23 Nov 2019

While addressing a joint press conference with Shiv Sena chief Uddhav Thackeray in Mumbai, NCP chief Sharad Pawar paraded 3 MLAs to display that all are with him.

RBI scheme: PMC depositors to be paid over a period of 3-10 years

RBI scheme: PMC depositors to be paid over a period of 3-10 years

Rediff.com22 Nov 2021

Inching closer to resolving the Punjab and Maharashtra Cooperative (PMC) Bank issue, the Reserve Bank on Monday came out with a draft scheme for takeover of the crisis-hit bank by the Delhi-based Unity Small Finance Bank (USFB). The draft scheme of amalgamation envisages takeover of the assets and liabilities of PMC Bank, including deposits, by USFB, thus giving a greater degree of protection for the depositors, the RBI said. In September 2019, the RBI had superseded the board of PMC Bank and placed it under regulatory restrictions, including cap on withdrawals by its customers, after detection of certain financial irregularities, hiding and misreporting of loans given to real estate developer HDIL.

PMC Bank account-holders file police complaint against top brass

PMC Bank account-holders file police complaint against top brass

Rediff.com26 Sep 2019

A delegation of account-holders went to Sion police station in central Mumbai and submitted the complaint against officials of the bank on which the RBI has imposed operational restrictions. The delegation in its complaint alleged that at least 14 people, including the PMC Bank's chairman and all its directors, were involved in misappropriation of funds of the account-holders.

Day 4: India continues to stand in queue as banks work on Sunday

Day 4: India continues to stand in queue as banks work on Sunday

Rediff.com13 Nov 2016

To manage anxious crowds, as many as 3,400 personnel of paramilitary and Delhi Police along with 200 quick reaction teams have been deployed at ATMs and banks.

Maharashtra's Covid curbs: What is allowed/not allowed

Maharashtra's Covid curbs: What is allowed/not allowed

Rediff.com4 Apr 2021

The weekend lockdown will start from 8 pm on Fridays and last till 7 am on Mondays. Besides, prohibitory orders will be in force during daytime on weekdays, the Chief Minister's Office (CMO) said in a statement.

Maharashtra's marriage of dislike

Maharashtra's marriage of dislike

Rediff.com10 Aug 2015

The BJP and the Shiv Sena rule the state in coalition, apart from officially being partners in Delhi as well, while also never missing an opportunity to portray each other as a bungler deserving to be dumped.

Gujarat notified milk unions to go cashless on Nov 5

Gujarat notified milk unions to go cashless on Nov 5

Rediff.com22 Nov 2016

Advisory in this regard was issued by the Gujarat government three days before Prime Minister Narendra Modi announced demonetisation of Rs 500 and Rs 1000 notes.

Short-term crop loans at 7% interest to continue

Short-term crop loans at 7% interest to continue

Rediff.com14 Jun 2017

That apart, farmers will get loans for post-harvest storage of their produce at a subsidised interest rate of 7 per cent for six months.

Covid-19: Remittances from West Asia hit in FY21

Covid-19: Remittances from West Asia hit in FY21

Rediff.com25 Jul 2022

The money sent home by Indians from West Asian countries took a beating in 2020-21 due to the pandemic. On the other hand, overseas Indians in advanced nations - the United States, United Kingdom and Singapore - emerged as important sources of remittance, according to a Reserve Bank of India (RBI) survey. Indians working in informal sectors in West Asia seem to have been impacted the most due to the lockdowns and subdued crude oil prices as well as slower pace of migration in recent years.

Ready to face taxmen, says minister on Rs 91 lakh seized from car

Ready to face taxmen, says minister on Rs 91 lakh seized from car

Rediff.com18 Nov 2016

"I have been in this business (banking) for two decades. While doing business nothing wrong has been done. However, irregularities may happen. If irregularities have happened, there is punishment for it. I am ready to face punishment," state Cooperatives Minister Subhash Deshmukh said.

ED issues fresh summons to Raut as he sought more time to appear

ED issues fresh summons to Raut as he sought more time to appear

Rediff.com28 Jun 2022

The Enforcement Directorate (ED) has issued fresh summons to Shiv Sena MP Sanjay Raut asking him to appear on July 1 for questioning in a money laundering case linked to the re-development of a Mumbai 'chawl' and other related financial transactions involving his wife and friends, officials said.

Jaishankar, Qin Gang discuss means to resolve border row in Goa meet

Jaishankar, Qin Gang discuss means to resolve border row in Goa meet

Rediff.com5 May 2023

The talks took place in a beach resort in Benaulim on the sidelines of a meeting of the Council of Foreign Ministers of the Shanghai Cooperation Organisation.

'I have never done one wrong thing in my life'

'I have never done one wrong thing in my life'

Rediff.com16 Nov 2023

Excerpted from Sahara: The Untold Story by Tamal Bandyopadhyay.

Despite rising Covid cases lockdowns are unlikely: RBI Guv

Despite rising Covid cases lockdowns are unlikely: RBI Guv

Rediff.com25 Mar 2021

The rising COVID-19 infections across the country are a matter of concern, but it may not impact the ongoing economic revival as one does not foresee lockdowns, Reserve Bank Governor Shaktikanta Das said on Thursday. The economic revival will continue "unabated", Das said, asserting that there is no need for a downward revision of RBI's 10.5 per cent GDP growth forecast for FY22. Speaking at Times Network's India Economic Conclave, Das said, "We have 'insurance' to protect economic revival like a fast-paced vaccination drive, greater ability among people to follow COVID protocols", and one does not see lockdowns as well.

Cong-NCP defectors lead to disgruntlement in BJP, Sena

Cong-NCP defectors lead to disgruntlement in BJP, Sena

Rediff.com30 Sep 2019

Ahead of the assembly elections, the saffron allies may be ecstatic over the swelling, but it's a double-edged sword with many older leaders wondering what they have got after putting in years of hard work, reports Radhika Ramaseshan

'Listen to Raj saheb's May 1 speech'

'Listen to Raj saheb's May 1 speech'

Rediff.com26 Apr 2022

'We don't feel that the law and order situation will turn bad because of our agitation.'

Sushant's father calls Rhea a 'murderer'

Sushant's father calls Rhea a 'murderer'

Rediff.com27 Aug 2020

Sushant Singh Rajput's father K K Singh alleged that Rhea Chakraborty is the "murderer" of his son and demanded her arrest.

Fadnavis takes oath as Maha CM; Ajit Pawar his deputy

Fadnavis takes oath as Maha CM; Ajit Pawar his deputy

Rediff.com23 Nov 2019

The move came at a time when deliberations between the Congress, the NCP and the Shiv Sena seemingly reached the final stage on Friday.

In Kolhapur, locals see Shiv Sena as poor man's party

In Kolhapur, locals see Shiv Sena as poor man's party

Rediff.com17 Oct 2019

It's been over two months since the flood waters receded, and it would seem with it so has anger against either the state government or the BJP-Sena candidates, reports Archis Mohan.

Javadekar defends cutting of trees for PM's rally

Javadekar defends cutting of trees for PM's rally

Rediff.com16 Oct 2019

"Every time we cut trees, we plant more. It is a rule of the forest department," Javadekar said.

When an American professor worked at the RBI...

When an American professor worked at the RBI...

Rediff.com10 Aug 2020

'We get to know secrets such as some of India's top-rated firms do not always make payments when due and many State-owned, listed, enterprises that borrow in bond markets default regularly.' 'Without naming the bank, he says that ever-greening of poor loans by a part of India's shadow banking lay at the doorstep of India's banking, notably 'one private bank'.' Viral Acharya's Quest for Restoring Financial Stability in India won't be music to many ears, observes Tamal Bandyopadhyay.

New RBI Governor meets Maha chief minister

New RBI Governor meets Maha chief minister

Rediff.com6 Sep 2013

Considering the economic downturn, the banking sector should help strengthen the cooperative sector to encourage small and medium industries and create jobs, Chavan said.

Not just Mallya, government agency too a wilful defaulter

Not just Mallya, government agency too a wilful defaulter

Rediff.com10 Mar 2016

The Nafed has outstanding dues of Rs 224.26 crore (Rs 2.24 billion) as of February 15.

NDA MP: 'The farmer is extremely furious'

NDA MP: 'The farmer is extremely furious'

Rediff.com10 Jun 2017

'The farmer is furious because the MP government is trying to crush their agitation violently.' 'Such actions will have nation-wide repercussions.' 'Why this drama (Shivraj Chouhan's fast) after violently crushing the farmers' agitation?' 'He should resign immediately.'

Why Modi's dream of starting bullet train by 2022 may be derailed

Why Modi's dream of starting bullet train by 2022 may be derailed

Rediff.com21 May 2018

While farmers in Gujarat are rejecting the compensation package, farmers in Maharashtra say they do not wish to part with their land for a project that largely benefits Gujarat.

Another day, more hidden currency is flushed out in crores

Another day, more hidden currency is flushed out in crores

Rediff.com15 Dec 2016

Crores of new currency notes continue to tumble out of lockers and hidden locations as authorities conduct raids and searches across the country.

Kumaraswamy promises decision on farm loan waiver in 15 days

Kumaraswamy promises decision on farm loan waiver in 15 days

Rediff.com30 May 2018

Kumaraswamy met representatives of farmers groups and progressive peasants to discuss the problems faced by them.

'Mumbai police has many honest officers'

'Mumbai police has many honest officers'

Rediff.com8 Apr 2021

'It is just that they are not in the limelight in a city like Mumbai.' 'It is not a lonely journey, but a tough journey for sure.'