The RBI had stepped in and put confinements on withdrawals after the emergency at the bank became known a week ago owing for the most part to huge non-performing resources that were underreported.
The Economic Offense Wing (EOW) of Mumbai Police Thursday captured official executive of Housing Development and Infrastructure Limited (HDIL) Rakesh Wadhawan, bad habit administrator and overseeing chief of the organization Sarang Wadhawan regarding the breakdown of the Punjab and Maharashtra Cooperative Bank (PMC).
Properties worth Rs 3,500 crore of HDIL were likewise solidified by the EOW, an authority stated, PTI announced.
The improvement came three days after a FIR was enrolled and a Look Out Notice was given against 17 people, including the dad child pair, based on an objection by the Reserve Bank of India. The RBI had stepped in and put limitations on withdrawals after the emergency at the bank became exposed a week ago owing chiefly to gigantic non-performing resources (NPA) that were underreported.
The bank purportedly abused RBI standards by stretching out credits to HDIL past reasonable cutoff points. A SIT has additionally been comprised to test the issue and the misfortunes have been pegged at Rs 4,355 crore, news office PTI had revealed.
A week ago, the national bank had stretched out relaxations to PMC account holders to pull back Rs 10,000. The bank, spread more than five states, has 137 branches.
Properties worth Rs 3,500 crore of HDIL were likewise solidified by the EOW, an authority stated, PTI announced.
The improvement came three days after a FIR was enrolled and a Look Out Notice was given against 17 people, including the dad child pair, based on an objection by the Reserve Bank of India. The RBI had stepped in and put limitations on withdrawals after the emergency at the bank became exposed a week ago owing chiefly to gigantic non-performing resources (NPA) that were underreported.
The bank purportedly abused RBI standards by stretching out credits to HDIL past reasonable cutoff points. A SIT has additionally been comprised to test the issue and the misfortunes have been pegged at Rs 4,355 crore, news office PTI had revealed.
A week ago, the national bank had stretched out relaxations to PMC account holders to pull back Rs 10,000. The bank, spread more than five states, has 137 branches.
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