Hyderabad: The Enforcement Directorate (ED) has arrested Balvinder Singh the Promoter – Director of the PCH Corporation Ltd and other PCH group companies under the Prevention of Money Laundering Act (PMLA) in a case relating to defrauding banks to the tune of Rs 370 crore. Balvinder Singh was arrested on Tuesday. He was produced before […]
Setting up a BIC as a holding company or a core investment company was suggested by the P J Nayak Committee in its report on 'Governance of Boards of Banks in India'.
