PMC Bank: RBI doubles withdrawal limit to Rs 1 lakh

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PMC Bank: RBI doubles withdrawal limit to Rs 1 lakh

The central bank on November 5 had enhanced the withdrawal limit for PMC Bank depositors to Rs 50,000 from the previous cap of Rs 40,000. Share · Next. The restrictions on PMC Bank included barring the bank from lending and accepting fresh deposits, …
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New York City hit peak pandemic unemployment last month, as the jobless rate reached 18.3%

The employment situation is expected to improve in June, when the city began its phased reopening strategy. A restaurant stands closed in Manhattan June 18 as the city prepares to enter Phase 2 of reopening this coming Monday. Getty Images. Email icon …
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Luckin Coffee to Hold Special Meeting to Oust Chairman, Directors

Luckin Coffee Inc. said it would hold an extraordinary general meeting July 5 to vote out several directors, including Chairman Charles Lu, as the company deals with the aftermath of its admission that it faked sales figures. Shareholders will decide on …
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Ben & Jerry's calls on Americans to defund the police in Juneteenth message

New York (CNN Business) Ben & Jerry’s just became one of the first major businesses to explicitly support efforts to defund police, posting a Juneteenth message that called on Americans to “dismantle the old system and build a new one that guarantees …
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7 COVID-19 testing updates

The U.S. has made significant strides to expand COVID-19 testing since the pandemic began, and testing remains critical to tracking the spread of the virus. But the U.S. may face another shortage of tests if there is a second wave of the coronavirus in the fall.
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