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RBI says engaged with prospective investors to secure best terms for PMC Bank depositors

RBI says engaged with prospective investors to secure best terms for PMC Bank depositors

Finance
The RBI and PMC Bank are presently engaging with prospective investors to secure the best possible terms for the depositors, and the process is likely to take some more time, the central bank said, as it extended the restrictions on the fraud-hit urban cooperative lender by three months to June 30. In September 2019, the RBI had superseded the board of PMC and placed it under regulatory restrictions, including cap on withdrawals by customers, after detection of certain financial irregularities and misreporting of loans given to real estate developer . The restrictions have been extended several time since then. PMC Bank had received binding offers from certain investors for its reconstruction, in response to the Expression of Interest (EOI) dated November 3, 2020 floated by the bank. RBI a...
Larry McMurtry: Lonesome Dove and Terms of Endearment author dies aged 84

Larry McMurtry: Lonesome Dove and Terms of Endearment author dies aged 84

Entertainment
Getty ImagesLarry McMurtry, the US screenwriter and novelist whose books The Last Picture Show and Terms of Endearment became Oscar-winning films, has died aged 84.Born in Texas in 1936, the Lonesome Dove author won an Oscar himself for the adapted screenplay he co-wrote for 2005 western Brokeback Mountain.His other novels include Horseman, Pass By - which became Paul Newman film Hud.Renowned for his unromantic depictions of the American West, he also owned a number of celebrated used book stores.McMurtry's contribution to American literature was formally acknowledged when he received the National Humanities Medal from President Obama in 2015.His death on Thursday was confirmed by Amanda Lundberg, a spokeswoman for the family.Getty ImagesMcMurtry published Horseman, Pass By, his first nove...
Chelsea transfer news LIVE: Oblak refuses to rule out Blues move, Lampard responds to Terry ‘tapping up’ Rice, Emerson agrees terms with Inter Milan

Chelsea transfer news LIVE: Oblak refuses to rule out Blues move, Lampard responds to Terry ‘tapping up’ Rice, Emerson agrees terms with Inter Milan

Sports
Chelsea are set to be among the busiest clubs in this summer’s transfer window. The Blues have already completed the signings of Hakim Ziyech and Timo Werner and now are eyeing more big deals, while a number of players have been put up for sale. Keep up to date with all the latest Chelsea news and transfer gossip below… Let's block ads! (Why?) talkSPORT
Treasury makes coronavirus loan terms less favorable for small businesses

Treasury makes coronavirus loan terms less favorable for small businesses

Finance
Steven Mnuchin, U.S. Treasury secretary, speaks during a Coronavirus Task Force news conference at the White House in Washington, D.C., U.S., on Thursday, April 2, 2020.Kevin Dietsch | Bloomberg | Getty ImagesThe Treasury Department changed the terms on some loans it's offering to small businesses during the coronavirus pandemic, making them less favorable for borrowers, experts say.The loans at issue are being made through the Paycheck Protection Program, which offers up to $ 10 million in forgivable loans to businesses with 500 or fewer employees.The program, which officially opened for many borrowers on Friday morning, will dole out up to $ 349 billion to ailing small businesses to help cover costs like payroll, rent and utilities. The loans are made through lenders approved by the Smal...
NFL owners approve terms of new collective bargaining agreement proposal

NFL owners approve terms of new collective bargaining agreement proposal

Sports
Feb. 20 (UPI) -- NFL owners approved the negotiated terms of a new collective bargaining agreement proposal between the league and the NFL Players Association, the NFL said in a statement Thursday. All 32 NFL owners met Thursday in New York City for an update on the current CBA proposal. With league ownership accepting the terms, the vote will be sent to the players union ahead of a potential agreement between the parties. Three-fourths of the owners must agree to the collective bargaining agreement for it to be ratified. According to ESPN, the proposal didn't receive unanimous approval but garnered enough support to pass. The league's statement Thursday read, "Following more than ten months of intensive and thorough negotiations, the NFL Players and clubs have jointly developed a compre...