STOCK MARKET BSE NSE

Mumbai University deposits to be shifted from Yes Bank: Minister

Minister Uday Samant made the announcement after Shiv Sena MLC Maneesha Kayande raised the issue in the Legislative Council.

Published: 14th March 2020 05:25 PM  |   Last Updated: 14th March 2020 05:25 PM   |  A+A-

Mumbai University

Mumbai University

By PTI

MUMBAI: Maharashtra Higher and Technical Education ministry on Saturday announced the shifting of all deposits of Mumbai University and its affiliated colleges and institutes to nationalised banks.

Minister Uday Samant made the announcement after Shiv Sena MLC Maneesha Kayande raised the issue in the Legislative Council.

"The MU has kept deposits worth Rs 140 crore in Yes Bank. The decision was taken earlier but we would like to correct it as soon as possible," she said.

Samant replied, "I will order Mumbai University as well as colleges and institutes to shift their accounts and deposits to public sector banks. The necessary orders will be issued soon."

The operations of Yes Bank are being probed by the Enforcement Directorate and Central Bureau of Investigation and its founder Rana Kapoor has been arrested.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp