All posts tagged: bank

BMC shelves SevenHills, blood bank proposals after CM steps in

BMC shelves SevenHills, blood bank proposals after CM steps in

Published by Parlour News

Mumbai: Chief minister Devendra Fadnavis’s intervention, following strong opposition from the Shiv Sena (UBT), forced the Brihanmumbai Municipal Corporation’s (BMC’s) improvement committee on Wednesday to send four proposals back to the civic administration for reconsideration, including the privatisation-linked revival of SevenHills Hospital in Marol. Mumbai, India – Feb. 4, 2016 : Seven Hills Hospital at Andheri in Mumbai, India, on Thursday, February 4, 2016. (Photo by Pratham Gokhale/ Hindustan Times) (Hindustan Times) The development is expected to deepen the simmering tensions between the Bharatiya Janata Party (BJP) and the Eknath Shinde-led Shiv Sena, which heads the improvement committee, as Fadnavis reportedly acted on demands raised by the Shiv Sena faction led by Uddhav Thackeray. According to officials familiar with the developments, Fadnavis intervened after Shiv Sena (UBT) MLA Aaditya Thackeray strongly opposed the four proposals during a press conference on Tuesday, alleging they were against Mumbai’s interests and aimed at facilitating land grabbing in the city. The proposals included the privatisation of SevenHills Hospital, the commercialisation of blood banks in five civic hospitals, an exhibition …

Raising capital for infra projects: BMC floats plan to appoint bank for issuing municipal bonds | Mumbai News

Raising capital for infra projects: BMC floats plan to appoint bank for issuing municipal bonds | Mumbai News

Published by Parlour News

4 min readMumbaiMay 26, 2026 10:16 PM IST With its liability crossing Rs 2.13 lakh crore owing to the slew of infrastructure projects it has taken up, the Brihanmumbai Municipal Corporation (BMC) has floated a proposal to appoint a merchant bank for issuing municipal bonds. The appointed bank will design the bond structure, fix interest rates and repayment schedule. The move comes nearly a month after the civic body floated a tender to appoint a Securities and Exchange Board of India (SEBI)-registered agency for analysing BMC’s credit rating, an important step towards initiating the process of future borrowing through markets. Municipal bonds are debt securities issued by municipal corporations to raise capital for funding key public infrastructure projects. At present the BMC has taken up infrastructure projects having a total capital size of Rs 2.13 lakh crore — nearly double than BMC’s current reserve corpus, which stands at Rs 81,774 crore. Apart from this, 51 percent of the total reserves, held as Fixed Deposits, are earmarked for internal commitments. These include funds set aside for …

Chhattisgarh woman walks 3 km carrying 90-year-old mother-in-law to bank for pension

Chhattisgarh woman walks 3 km carrying 90-year-old mother-in-law to bank for pension

Published by Parlour News

Ambikapur, A tribal woman walked nearly 3 km carrying her 90-year-old mother-in-law on her back to a bank to collect the latter’s ₹500 monthly pension, pending for four months due to incomplete KYC formalities, in Chhattisgarh’s Surguja district. Chhattisgarh woman walks 3 km carrying 90-year-old mother-in-law to bank for pension The incident took place in the Mainpat development block on Friday, and a video of the woman went viral on social media a day later. In the video, the woman, identified as Sukhmaniya, who is in her late 50s, is seen walking along a road with her elderly mother-in-law on her back. She told the person recording the video that earlier, a ‘Bank Mitra’ used to deliver the monthly pension of ₹500 at her home, but she had not received the pension for the last three to four months as the KYC process had not been completed. Sukhmaniya, a resident of Jangalpara village in the Kunia area, travelled around 3 km to reach the Central Bank of India branch in Mainpat town on foot. Mainpat …

HC orders Yes Bank to restore API services to WazirX

HC orders Yes Bank to restore API services to WazirX

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MUMBAI: The Bombay High Court on Wednesday granted interim relief to cryptocurrency exchange WazirX, ordering Yes Bank to restore its application programming interface (API) facility and banking services within three days. FILE PHOTO: A security guard stands outside a Yes Bank branch at its headquarters in Mumbai, India January 17, 2018. Picture taken January 17, 2018. REUTERS/Danish Siddiqui/File Photo (REUTERS) A vacation bench of justices Gautam Ankhad and Sandesh D Patil observed that denying the crypto platform access to banking facilities severely affects its functioning. Zanmai Labs Pvt Ltd, which operates WazirX, had approached the high court, challenging Yes Bank’s abrupt discontinuation of its API services on April 21. Senior advocate Mustafa Doctor, representing WazirX, informed the bench that the crypto platform processes large volumes of financial transactions through the bank’s API services in the ordinary course of its business. API services enable seamless fund transfers and settlements between the platform and its customers, it said. According to the petition, Yes Bank sent WazirX an email on March 24 stating that its API facility would …

Israeli army chief admits to ‘discrimination’ in shooting rules for Jews and Palestinians in West Bank

Israeli army chief admits to ‘discrimination’ in shooting rules for Jews and Palestinians in West Bank

Published by Parlour News

Israeli military chief Maj. Gen. Avi Bluth said that his forces are “killing like we haven’t killed since 1967,” reportedly admitting that Israel’s troops discriminate between Jews and Palestinians. Israel Defense Forces Central Command chief Maj. Gen. Avi Bluth described Palestinian stone-throwers as ‘terrorists’. (AFP) Bluth made the remarks at a recent closed forum, according to Israeli newspaper Haaretz. The Israel Defense Forces Central Command chief said that Israeli troops fatally shot several Palestinian stone-throwers. He has so far not acknowledged the remarks reported by Haaretz. Bluth said that Israeli forces killed 42 Palestinian stone-throwers in 2025. He admitted that he, however, does not support shooting at Jewish settlers throwing rocks at vehicles. Referring to an incident from last year, he said that two masked jews were fired at for throwing rocks at motorists, adding that the incident caused a “ruckus”. ALSO READ | Gaza activists disperse after flotilla halted by Israel off Crete He cited two more examples where an officer shot and hit a 15-year-old anarchist from Beit She’an for throwing rocks at …

Bombay High Court quashes FIR against HDFC Bank head in bribery case

Bombay High Court quashes FIR against HDFC Bank head in bribery case

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Sashidhar Jagdishan, MD and CEO of HDFC Bank. File The Bombay High Court on Tuesday (May 5, 2026) set aside a criminal complaint that accused Sashidhar Jagdishan, the managing director of HDFC Bank, of accepting a bribe of ₹2.05 crore from a trustee of the Lilavati Hospital trust. A Division Bench of Justice Makarand Karnik and Justice Nitin Borkar delivered the judgment. The court quashed the First Information Report registered by the Lilavati Kirtilal Mehta Medical Trust. The trust runs the Lilavati Hospital in Mumbai. Published – May 06, 2026 05:37 am IST Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Surat bank heist: 2 held from UP | Ahmedabad News

Surat bank heist: 2 held from UP | Ahmedabad News

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2 min readSuratMay 5, 2026 01:06 AM IST THE SURAT police on Monday arrested two persons in connection with the Rs 50 lakh heist from a  State Bank of India (SBI) branch in the city on April 27. The two were nabbed  from Uttar Pradesh, police said. They identified the accused as Subham Kumar Thakur and Vikash Singh, who were picked up from Ayodhya and Gonda districts of UP. Both the accused were produced before the Gonda district court on Monday that issued a transit remand of four days. Assistant Commissioner of Police Surat crime branch K I Modi said, “We have been successful in apprehending two main accused involved in the robbery. The other four are still absconding and the looted money is with them. Once we bring them to Surat, we will interrogate and later find out more details about the other absconders, so that we can work on it and get them arrested soon.” Police sources said that the bike, which they had stolen from Telangana and used in the robbery, was …