Friday, September 22, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Personal Finance

RBI extends restrictions on Punjab-based Hindu Co-operative Bank | Personal Finance News

MtR by MtR
June 25, 2021
in Personal Finance
0
RBI extends restrictions on Punjab-based Hindu Co-operative Bank | Personal Finance News

Related articles

4 Things to Know Now

4 Things to Know Now

September 22, 2023
Corporate debt market to get a fillip in Sebi’s latest directive

Corporate debt market to get a fillip in Sebi’s latest directive

September 22, 2023


Mumbai: The Reserve Bank of India (RBI) has extended the restrictions on Hindu Co-operative Bank Limited, based out of Pathankot, Punjab, in terms of withdrawal and deposit limits along with grant of loans, till September 24, 2021.

RBI had first imposed the restrictions with effect from the close of business on March 25, 2019, under Sub-Section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949(AACS), in the public interest in view of the weakened financial condition of the bank.

The validity of the directions has been extended from time to time and were last extended till June 24, 2021.

“These directions shall continue to apply to the bank for a further period of three months from June 25, 2021 to September 24, 2021, subject to review,” said an RBI statement on Friday.

The central bank further said that it may consider modifications in directions depending upon the circumstances and the issue of directions should not per se be construed as cancellation of banking license.

“The bank will be able to undertake banking business with restrictions till its financial position improves,” it said.

The notification dated March 13, 2019 by the central bank said that without prior approval, the bank will not be able to grant or renew any loan, make any investment, incur any liability including borrowal of funds and acceptance of fresh deposits, among others.

Live TV

#mute





Source link

Related Posts

4 Things to Know Now

4 Things to Know Now

by MtR
September 22, 2023
0

Our experts answer readers' investing questions and write unbiased product reviews (here's how we assess investing products). Paid non-client promotion:...

Corporate debt market to get a fillip in Sebi’s latest directive

Corporate debt market to get a fillip in Sebi’s latest directive

by MtR
September 22, 2023
0

The capital markets regulator Securities Exchange Board of India (Sebi) has given a fresh incentive to large corporates to meet...

10,000 Ulster Bank tracker mortgages yet to transfer to AIB

10,000 Ulster Bank tracker mortgages yet to transfer to AIB

by MtR
September 22, 2023
0

They have now been told it will cost them more if they opt to ditch the trackers and lock in...

How to Calculate Your Net Worth

How to Calculate Your Net Worth

by MtR
September 21, 2023
0

We see the term "net worth" thrown around all of the time when it comes to reporting on celebrities, sports...

Teaching personal finance in high school has immediate benefits as … – KEYE TV CBS Austin

Teaching personal finance in high school has immediate benefits as … – KEYE TV CBS Austin

by MtR
September 21, 2023
0

Teaching personal finance in high school has immediate benefits as ...  KEYE TV CBS Austin Source link

Load More
  • Trending
  • Comments
  • Latest
Bank of England tells ministers to intervene on digital currency ‘programming’

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021
Tips for checking smoke alarms during daylight saving time

Tips for checking smoke alarms during daylight saving time

March 12, 2022
GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
What will Durham County education bonds pay for? A full list

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0
Indiabulls Real Estate closed today at ₹78.59, up 1.68% from yesterday’s ₹77.29

Indiabulls Real Estate closed today at ₹78.59, up 1.68% from yesterday’s ₹77.29

September 22, 2023
3 ICOs Targeting 100x Gains

3 ICOs Targeting 100x Gains

September 22, 2023
4 Things to Know Now

4 Things to Know Now

September 22, 2023
CoinShares Launches Hedge Fund Division in U.S.

CoinShares Launches Hedge Fund Division in U.S.

September 22, 2023

Recent News

Indiabulls Real Estate closed today at ₹78.59, up 1.68% from yesterday’s ₹77.29

Indiabulls Real Estate closed today at ₹78.59, up 1.68% from yesterday’s ₹77.29

September 22, 2023
3 ICOs Targeting 100x Gains

3 ICOs Targeting 100x Gains

September 22, 2023
4 Things to Know Now

4 Things to Know Now

September 22, 2023

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter