DEPOSITORS

  • Mamata gives away cheques to defrauded Saradha depositors September 30, 2013

    Kolkata: Keeping to her promise to return money to the poor who had invested in the Saradha Group which went bust in April this year, Chief Minister Mamata Banerjee on Monday distributed cheques to 929 such depositors. Those who received cheques, as recommended by the Justice (Retd) Shyamal Sen Commission set...
  • Mamata Banerjee to compensate duped investors of the Saradha Group chit fund today September 29, 2013

    Kolkata:The CPIM on Sunday attacked West Bengal Chief Minister Mamata Banerjee for her plans to compensate duped investors of the Saradha Group chit fund, terming it "illegal" to distribute public money among those who incurred losses by parking funds in private companies. "The state treasury belongs to the people of West...
  • RBI cautions public on depositing money with entities May 31, 2013

    Mumbai: Amid rising incidents of fraudulent investment schemes hitting investors, the Reserve Bank on Friday asked the public to carefully evaluate their decisions before depositing money with financial entities including NBFCs. The exhaustive advisory of dos and don'ts comes against the backdrop of investment schemes such as the multicrore Saradha...
  • Cyprus agrees to tap big depositors to clear way for EU bailout March 25, 2013

    Cyprus has agreed to shrink its bloated financial industry and tap big depositors at its two leading banks for billions of euros. The lastminute deal has cleared the way for a 10 billion euro bailout from the European Union. ...
  • Cyprus: Bailout deposit tax plan rattles markets March 18, 2013

    London: Stocks around the world and the euro fell sharply Monday as investors fretted over a plan to tax depositors in Cypriot banks as a way to partly fund a bailout of the Mediterranean island nation. Although Cyprus accounts for only around 0.2 per cent of the economic output of...