West Bengal  /  Published 12.07.20

Covid: hospitals slap deposit

Many private hospitals in Calcutta are insisting on steep cash deposits before admitting Covid-19 patients and turning them away if they can’t pay. Last Monday, a Barrackpore resident who had t...
By Sanjay Mandal in Calcutta

Business  /  Published 26.12.19

IL&FS fiasco: Sebi fines rating firms

Cracking the whip for their “lethargic indifference”, watchdog Sebi on Thursday slapped a penalty of Rs 25 lakh each on Icra, CARE, and India Ratings & Research in connection with lapses in as...
By PTI in New Delhi

Business  /  Published 07.02.19

Bulk deposit floor up to Rs 2 crore

The Reserve Bank of India on Thursday decided to raise the criteria for “bulk deposits” for banks to Rs 2 crore from Rs 1 crore now, a move that will provide more operational freedom to lenders to...
By Our Special Correspondent in Mumbai

Business  /  Published 30.06.19

Auditor finds gaps in McLeod Russel books

The auditor to India’s largest bulk tea producer, McLeod Russel, has raised questions about the company’s ability to continue as a “going concern” unless lenders agree to a financial restructu...
By Sambit Saha in Calcutta

Business  /  Published 10.10.19

Risk limit on deposits under review

Finance minister Nirmala Sitharaman, who faced angry depositors of scam-hit Punjab & Maharashtra Cooperative (PMC) Bank here on Thursday, announced the setting up of a panel to recommend legislati...
By Our Special Correspondent in Mumbai


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