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PMC BANK CRISIS
RBI details draft amalgamation plan for PMC BankThe Reserve Bank of India (RBI) has detailed a draft scheme for the merger of sick Punjab and Maharashtra Cooperative (PMC) Bank with the n...- RBI extends restrictions on PMC Bank till December 31"Taking into account the time required for completion of various activities involved in the process, it is considered necessary to extend t...
- PMC Bank depositors should get back deposits without any condition: NCUIReacting to RBI's in principle approval to Centrum Financial Services, NCUI President Dileep Sanghani in a statement said, "This is indeed ...
- As PMC Bank case drags on, depositors reduced to surviving on borrowing, charityThe RBI took control of PMC last September after it was accused of fraud and concealing non-performing loans. PMC's top officials and the o...
- SC stays Bombay HC order directing sale of HDIL assets to repay dues of PMC bankA bench comprising Chief Justice S A Bobe and justices B R Gavai and Surya Kant took note of the appeal of the Reserve Bank of India agains...
- Bombay High Court junks PMC Bank depositors' plea for lifting of restrictionsIn their pleas, the petitioners alleged that the RBI's decision (to put restrictions on cash withdrawal) was irrational, arbitrary and viol...
- Maha govt suggests merger of troubled PMC Bank with MSC BankThe PMC Bank has been put under restrictions by the RBI, after an alleged Rs 4,355 crore scam came to light following which the deposit wit...
- 78% depositors of PMC Bank can withdraw entire deposits: GovernmentThe minister said steps are being taken to seize properties of promoters of the PMC Bank, auction such properties and repay depositors with...
- PMC scam: Court gives nod to sell jets, yacht of WadhawansA court has allowed the RBI- appointed administrator for PMC Bank to sell two airplanes and a yacht belonging to HDIL group promoters Rakes...
- PMC Bank crisis: Should you change your bank? Here's how to evaluateThe PMC Bank crisis has brought safety of bank deposits into focus, but does that fear warrant a bank change?
- Government mulls raising insurance cover on bank deposits to above Rs 1 lakh: Nirmala SitharamanFM said the government will bring legislations on raising bank deposit cover from the current Rs 1 lakh.
- Rishi Kapoor compares PMC crisis to father's 'Shree 420', urges government to punish cheatsThe actor expressed concerns over 'racketeering' in the country.
- Sell our assets to pay off PMC Bank's dues, Wadhawans write to RBI, agenciesThe Wadhawans, who are the promoters of HDIL, have been accused of orchestrating the fraud at the Punjab and Maharashtra Cooperative Bank a...
- FM Nirmala Sitharaman faces angry PMC depositors; says will amend laws if neededThe finance minister noted that the PMC is a multi state cooperative bank and like all other multi-state cooperative banks, it is regulated...
- PMC case: ICAI to check role of auditorsTaking note of the "enormity of the matter", the ICAI on Wednesday said it has triggered its disciplinary mechanism and has written to the ...
- PMC Bank crisis: HDIL says loans taken after giving 'adequate security' coverHousing Development and Infrastructure Ltd (HDIL) said its books of accounts are audited and reflect true and fair picture of the company's...
- PMC crisis: This tiny bank in Maharashtra is a canary in India’s coalmineHow did PMC’s board, its auditors and the central bank remain clueless for so long?
- Congress says economic slowdown is 'man-made disaster'Congress spokesperson Gaurav Vallabh said the economy is being run on emotions, false stories and gaudy explanations rather than on logic a...
- The Co-op crisis: How 1,500-odd urban cooperative banks are being run and regulatedCrisis at PMC Bank puts a question mark on how the 1,500-odd urban cooperative banks are being run.
- Mumbai: Crores of housing society funds locked in PMC BankThe Model Bye-Laws stipulate that housing societies must open a bank account in the nearest state or district central cooperative bank.
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