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Bank of Baroda rolls out mobile ATM in Mumbai

Bank of Baroda rolls out mobile ATM in Mumbai

Finance
Public sector lender Bank of Baroda on Thursday said it has rolled out a mobile ATM which will move in various parts of Mumbai to help customers withdraw money in their localities. The mobile ATM will move around various residential colonies of the city. "Mobile ATM is yet another way of making the bank easily accessible to customers in conducting basic banking transactions," its Executive Director Murali Ramaswami said in a release. The lender is also planing to take the ATM to the business correspondent touchpoints or branches in view of the withdrawal of Rs 500 by women beneficiaries of the Prime Minister Jan Dhan Yojana accounts. Let's block ads! (Why?) Banking/Finance-Industry-Economic Times
Yes Bank scam: CBI carries out searches at 7 locations in Mumbai; LOC issued

Yes Bank scam: CBI carries out searches at 7 locations in Mumbai; LOC issued

Finance
NEW DELHI: The CBI carried out searches at seven locations in Mumbai on Monday in connection with the Yes Bank scam pertaining to the Rs 600 crore alleged bribe to its co-founder Rana Kapoor's family by scam-hit DHFL and issued a look out circular against the accused to prevent their escape, officials said. The CBI has named five companies and seven individuals including Kapoor, his wife Bindu and daughters Roshini, Raakhe and Radha as accused in its FIR. Dewan Housing Finance Corporation Limited (DHFL) and RKW Developers Private Limited and their then directors Kapil Wadhawan and Dheeraj Wadhawan, respectively also figure as accused in the FIR. DoIt Urban Ventures controlled by the Kapoor family, RAB Enterprises (lndia) Private Limited in which Bindu Rana Kapoor was director and Morgan Cr...
PMC bank scam: EOW of Mumbai Police opposes anticipatory bail pleas of 2 directors

PMC bank scam: EOW of Mumbai Police opposes anticipatory bail pleas of 2 directors

Finance
MUMBAI: The Economic Offences Wing (EOW) of Mumbai Police on Friday opposed pre-arrest bail pleas of two directors of the Punjab and Maharashtra Cooperative Bank in connection with the alleged Rs 4,355 crore scam. Parmeet Sodhi and Surjit Singh Narang had filed anticipatory bail applications before additional sessions judge S T Soor here. Opposing their pleas, the EOW, in its written submission, said prima facie nexus between some of the accused and HDIL group companies has been made out by the agency. It said the deep-rooted conspiracy caused loss of public funds. The agency said that six people have lost their lives due to loss of money and the public is protesting over the irregularities. Probe cannot reach logical conclusion and deep-rooted conspiracy cannot be unfolded without cus...
Mumbai Police, RBI administrator discuss auctioning of HDIL promoters’ assets

Mumbai Police, RBI administrator discuss auctioning of HDIL promoters’ assets

Finance
MUMBAI: The Economic Offences Wing of Mumbai Police is keen to explore the possibility of auctioning at least 18 assets of ‘depreciating value’ seized from HDIL promoters arrested in connection with Punjab & Maharashtra Cooperative Bank fraud case. The city police recently discussed the matter with JB Bhoria, the Reserve Bank of India-appointed administrator of the bank, saying the proceeds raised from the auctions could be infused in the bank and be made available to the beleaguered depositors on a pro rata basis, at least two sources told ET. The move will help provide quick relief to the depositors even as the probe into alleged criminal conspiracy between some officials of PMC Bank and Housing Development Infrastructure Ltd (HDIL) promoters Rakesh and son Sarang Wadhawan is underw
2 dead, 40 trapped in building collapse in Mumbai

2 dead, 40 trapped in building collapse in Mumbai

World
July 16 (UPI) -- At least two people were dead and another 40 feared trapped after a four-story building collapsed Tuesday in the Indian city of Mumbai, authorities said. Three National Disaster Response Force teams have been deployed to the site in the Dongri neighborhood of south-central Mumbai to search for survivors, the organization said via Twitter. According to preliminary reports, the building, located amid streets crowded with people and congested with other structures, collapsed at 11:40 a.m., NDTV reported. The incident is being considered a "Level 2," the second most severe under the system that gauges building collapses. Between 40 and 50 people are believed to be trapped in the rubble, Brihanmumbai Municipal Corporation's disaster management division said, adding that it h...