Two PMC Bank customers have died within 24 hours, including one Fattomal Punjabi and a 51-year-old former employee of Jet Airways named Sanjay Gulati.
Chidambaram is currently in judicial custody in Tihar jail in a corruption case related to the alleged scam being probed by the Central Bureau of Investigation (CBI). His remand is slated to end on October 17.
The FIR was registered under Sections 409 (criminal breach of trust), 420 (cheating), 465 (forgery), 466 (forgery of record of court or public register), 471 (using a forged document as genuine) and 120B (criminal conspiracy).
Discussion held on the performance of the banks was carried out with a focus on supporting credit needs of the economy, in particular, the needs of sectors such as NBFCs, HFCs, MSMEs, sectors under stress and enabling better access to cheaper credit.
The MSCI's broadest index of Asia Pacific shares outside Japan added 0.1 per cent. The Shanghai Composite Index was up by 0.4 per cent, South Korea's KOSPI rose by 0.7 per cent and Japan's Nikkei was up by 0.4 per cent.
The minister mentioned that the decision was taken based on the recommendation of a committee constituted by the RBI itself and said it is very worrying that questions are being over its formulation.
Hiranandani said the sector is facing major challenges like delay in land acquisition, lack of skilled workforce and high development rates which should be addressed by the government in collaboration with apex trade bodies.
The statement from the Andhra Pradesh government came days after the World Bank dropped the multi-crore Amaravati infrastructure project citing non-compliance of its policies.
The Reserve Bank of India (RBI) has imposed a fine of Rs one crore on private sector lender HDFC Bank for violation norms relating to know-your-customer (KYC), anti-money laundering and reporting of frauds.
The Reserve Bank of India (RBI) has announced an extension of timings for customer transactions through Real Time Gross Settlement (RTGS) by one and half hours from 4:30 PM to 06 PM to facilitate high-value fund transfers.