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HDIL
They will discuss legislative steps needed to prevent such incidents from happening and empower the regulator better, FM Nirmala Sitharaman said. (Photo: ANI)
PMC Bank: Sitharaman faces protesters; promises legislation
10 Oct 2019 2:58 PM

The depositors had gathered outside the BJP's office here ahead of FM Nirmala Sitharaman's scheduled press interaction.

Similar trend was seen on the NSE, where the Housing Development and Infrastructure Ltd (HDIL) stock hit its 52-week low of Rs 3.20 down 4.48 per cent over its previous closing price.
Shares of HDIL hit lower circuit; fall 4.73 per cent
09 Oct 2019 12:42 PM

On the BSE, the stock of the company fell 4.73 per cent to its lower circuit limit of Rs 3.02, which was also its 52-week low.

Two chiefs of HDIL that triggered off the crisis at PMC Bank by defaulting on loans worth nearly Rs. 6,500 crore were arrested in Mumbai on Thursday.
HDIL promoters, PMC Bank board members charged with money-laundering
04 Oct 2019 10:35 AM

Economic Offences Wing of the Mumbai Police arrested the tow directors at HDIL, Rakesh Wadhawan and Sarang Wadhawan on Thursday.

RBI had put PMC PMC strict restrictions including limiting withdrawals at Rs 10,000 and banning the bank from any lending activities for the next six months.
PMC Bank case: HDIL directors arrested, assets worth Rs 3,500 crore attached
03 Oct 2019 6:09 PM

More details awaited.

In a statement, the ICAI said it has sought requisite details of their findings as well as that of any 'member/firm alleged to be involved in the matter'.
PMC Bank case: ICAI to check role of auditors
02 Oct 2019 3:57 PM

ICAI on Wednesday said it has triggered its disciplinary mechanism and has written to the bank as well as regulatory agencies.

A single realty firm and its group companies were the beneficiaries of 44 loans, according to the complaint.
PMC Bank created over 21,000 fake accounts to hide loans: complaint
02 Oct 2019 9:07 AM

The RBI has barred the bank from renewing or granting any loans or making investments without prior approval of the central bank.

DHFL, as on July 6, 2019, had total debt outstanding of Rs 83,873 crore of which Rs 74,055 crore is secured loans and Rs 9,818 crore unsecured.
No exposure to HDIL, PMC Bank, says DHFL
01 Oct 2019 5:38 PM

DHFL does not have any exposure to either of them, DHFL said in a regulatory filing.

Reserve Bank of India
PMC Bank’s HDIL exposure is 73 per cent of loan book, way above RBI norms
30 Sep 2019 2:29 AM

Co-operative bank reportedly lent Rs 6,500 crore to bankrupt real estate firm.

The slum redevelopment focused Housing Development and Infrastructure Ltd HDIL is in the bankruptcy court now after being hit by a severe cash crunch following the failure of some of its key projects in Mumbai.
PMC's HDIL loan at Rs 6,500 cr, or 73 pc of total loan book: Ex-MD Thomas to RBI
29 Sep 2019 6:00 PM

The admission came in after a board member leaked the actual balancesheet details to the RBI, said a source.

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)
PMC Bank has enough liquidity, depositors' money fully safe, claims suspended MD
26 Sep 2019 12:50 PM

RBI has capped cash withdrawal at Rs 1,000 per customer during this period and banned the bank from any fresh lending.

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