MSC BANK
Nikesh Arora: Meet the Indian-origin CEO earning more than Google’s Sundar Pichai, Microsoft’s Satya Nadella
The report from data analytics firm C-Suite Comp featured two lists based on different metrics: "total compensation granted" in 2023 and "compensation actually paid." Sundar Pichai of Google and Satya Nadella of Microsoft, despite their prominent positions and successful years, did not appear on either list. Nikesh Arora is the only Indian-American to make it to the list of the top 10 highest-paid CEOs in the United States. Here's all you need to know about the Indian-origin CEO .
Gold prices drift higher ahead of US payrolls data
Gold prices rose on Thursday as investors awaited U.S. non-farm payrolls data to determine potential interest rate cuts.
Meet these children of Delhi Police officers who cracked civil services exam
Delhi Police assistant sub-inspector Pratibha, a 26-year-old girl, has cracked the UPSC (CSE) 2023 and hopes to become an IPS officer. She prepared for the exam on her own with her brother's guidance and scored 356th rank in all India. Pratibha's family supported her and provided her with the necessary environment for study. Another Delhi Police ASI's daughter, Shristi Dabas, scored 6th rank and is working as an officer in the Reserve Bank of India (RBI) in Mumbai.
Money laundering probe: NCP MLA Rohit Pawar appears before ED
NCP MLA Rohit Pawar, grand nephew of Sharad Pawar, appeared before the Enforcement Directorate for questioning in connection with the Maharashtra Cooperative Bank scam. NCP MP Supriya Sule accompanied him. Before entering the ED office, Pawar visited the NCP office and met Sharad Pawar. He also visited Vidhan Bhavan and paid tributes. Sule handed him a copy of the Indian Constitution. Pawar stated that he has cooperated with the agencies earlier and will continue to do so.
ED being used as tool to terrorise, silence political opponents, says Sharad Pawar
Sharad Pawar criticised the Enforcement Directorate for using it as a tool to intimidate political opponents. His grandnephew, Rohit Pawar, has received a summons regarding the MSCB scam investigation. The ED had previously raided Baramati Agro and other linked entities. The NCP split after Ajit Pawar and eight MLAs joined the Eknath Shinde government. Since then, the Deputy CM has raked up Sharad Pawar's age to justify his rebellion.
ED summons NCP MLA Rohit Pawar in connection with MSC Bank fraud case
NCP MLA Rohit Pawar has been summoned by the Enforcement Directorate (ED) in an alleged money laundering case related to the Maharashtra State Cooperative (MSC) Bank fraud. The ED is investigating the sale of Kannad SSK mill to Baramati Agro Pvt.Ltd, a firm connected to Pawar. The probe revealed that Hitech Engineering Corporation India Ltd received Rs. 5 crores from Baramati Agro, which was used for the auction proceedings.
- Go To Page 1
ED issues summons to Rohit Pawar in alleged money laundering case
Rohit Pawar, the grand-nephew of Sharad Pawar and NCP leader, has been summoned by the ED in connection with the alleged MSC Bank scam. In January first week, the agency conducted searches at several locations, including Baramati Agro Pvt.Ltd, which is linked to Rohit Pawar. The NCP and Pawar have called the case politically motivated.
MSC Bank scam: ED raids Baramati Agro, company linked to NCP leader Sharad Pawar's grand nephew
The Enforcement Directorate (ED) is conducting searches at six locations in connection with an alleged money laundering case linked to the fraud caused to Maharashtra State Cooperative (MSC)Bank. The searches include Baramati Agro Pvt. Ltd in Pune and Pimpri-Chinchwad district, a firm linked to NCP MLA Rohit Pawar, the grand nephew of Sharad Pawar.
How banks can negotiate the US and European sanctions
Bankers are especially vulnerable here. Their profits, reputation and even the ability to stay in business can get impacted by lapses or indiscretions in complying with all applicable regulations. No wonder more and more banks are choosing to stay out of trouble by simply walking away from such troublesome territories.
MSC bank scam: ED attaches assets of a Shiv Sena party leader
Khotkar is a close aide of CM Uddhav Thackeray, currently facing revolt from his other party members that could bring down the incumbent Maharashtra Vikas Aghadi (MVA) coalition in the state.
Ajit Pawar denies links with firm under ED lens
Maharashtra Deputy Chief Minister Ajit Pawar on Friday said he did not have any connection with Guru Commodity Services Pvt Ltd which is under the Enforcement Directorate's (ED) scanner, though a sugar mill owned by the company is being run by one of his relatives.
RBI extends banking license of Rupee Co-operative Bank till August 31
"The Bank has taken steps like attachment of properties of defaulter borrowers, public auctions of the same, filing criminal suits against defaulter borrowers/guarantors, etc. The Bank has also informed the names of its defaulter borrowers/guarantors to other banks for effective recovery," said Sudhir Pandit, administrator, Rupee Bank.
Rupee Co-operative Bank gets extension from RBI
Reserve Bank of India could not effect merger of the bank, the bank will file reconstruction or revival proposal with Reserve Bank on getting its principal approval for the same.
Court rejects ED intervention plea against closure report in MSC Bank case
A court here on Thursday rejected the Enforcement Directorate's plea seeking to intervene in the hearing on a closure report of Mumbai Police in the alleged Rs 25,000 crore Maharashtra State Co-operative Bank scam.
Rupee Co-op Bank posts operating profit of Rs 19.55 crore for FY20
The bank has recovered over Rs 258 crore from borrowers in the last four years.
The downslide, the takeover and what's next? What's in store for YES Bank now
YES Bank has been in talks with investors over the past year, but failed to come up with a plan.
PMJDY helps raise women's ownership of bank accounts to 77% in 2017: Report
PM Modi's government flagship scheme Pradhan Mantri Jan Dhan Yojana has helped in raising women's ownership of bank accounts from 43 per cent in 2014 to 77 per cent in 2017, according to a report.
Maharashtra Co-op Bank pitches for branch merger of PMC Bank
Maharashtra State Co-operative (MSC) Bank has written to Union Finance Minister Nirmala Sitharaman seeking merger of branches of PMC Bank, in case of a takeover of the troubled lender.
PMC Bank depositors' worries to be taken up with RBI: Minister
Punjab and Maharashtra Cooperative (PMC) Bank, over a long period of time, had given more than Rs 6,700 crore in loans to the Housing Development and Infrastructure Ltd, which is 73% of its total advances, and which turned sour with the bankruptcy of the company. Its total loans stand at around 9,000 crore and the deposits at over Rs 11,610 crore.
Maha govt suggests merger of troubled PMC Bank with MSC Bank
The PMC Bank has been put under restrictions by the RBI, after an alleged Rs 4,355 crore scam came to light following which the deposit withdrawal was initially capped at Rs 1,000, causing panic and distress among depositors. At least eight depositors, who had high quantum of money stuck with the bank, died in the last couple of months, including one who committed suicide.
MSC Bank loans to sugar mills under lens
Sale of factories by the executive committee in which Ajit Pawar was a member also under scanner.
Not yet summoned, but Pawar to go ahead with ED office visit
Pawar on Wednesday said he would appear before the financial probe agency in the case filed against him in connection with the Maharashtra State Cooperative Bank scam.
Rupee Co-op Bank gets extension for its banking license till August 31
Rupee Bank has submitted Merger Proposal to Maharashtra State Co-op. Bank Ltd., Mumbai (MSC Bank)
MSC Bank clears way for export of 7 lakh tonnes of sugar
India’s sugar industry has been suffering due to excess production, while dues to sugarcane farmers are rapidly mounting.
Maharashtra sugar mills fear cash crunch as top lender cuts loan target
MSC Bank slashed its pre-seasonal loan amount by over 40 per cent, to Rs 225 crore for 2016-17 season from Rs 400 crore last year
Sugar mills junk exports now as local market turns a sweet spot
In the current sugar year from October 2013 to November 2014, India has exported about 19 lakh tonne including about 8.5 lakh tonne of raw sugar, said industry sources.
Maharashtra State Co-operative Bank set to sell 12 sugar mills
Maharashtra State Co-operative Bank, the apex co-operative bank in the state, is all set to begin the process of selling about 12 sugar mills within next fortnight.
The MSC bank gets banking license from RBI
The Maharashtra State Cooperative Bank received banking license from the Reserve Bank of India on Thursday, 46 years after its establishment in 1966.
Load More
