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PMC BANK DEPOSITS
Stressed PMC Bank customers not to get Rs 5 lakh deposit cover in first lot: RBIThe Reserve Bank of India (RBI) had imposed restrictions on the withdrawal of deposits from these stressed banks. Of the 20 banks, 10 are f...01 Nov, 2021, 10.10 AM IST- Deposit insurance act amendments okayed, all kinds of deposits up to Rs 5 lakh in all types of banks to be insured98.3 per cent of all deposit accounts will get covered under it, in terms of value of the deposits over 50% coverage. Bank depositors will ...29 Jul, 2021, 10.05 AM IST
- 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 ...20 Jun, 2021, 07.53 PM IST
- It’s a bank, PMC will be part of, it’s not takeover, says Centrum's Jaspal BindraThe RBI has granted Centrum 120 days to convert itself into a bank with fintech player BharatPe as an investor who will merge its payment b...19 Jun, 2021, 08.45 AM IST
- Budget relief: Depositors of stressed banks can access up to Rs 5 lakh of depositsThe finance minister said that the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act, 1961 would be amended to create such a p...01 Feb, 2021, 04.10 PM IST
- Our assets losing value everyday, no steps taken to sell them despite consent, say WadhawansCounted among top builders in the city, Rakesh Kumar Wadhawan, and his son Sarang, were put under custody when it was found that the HDIL g...22 Sep, 2020, 10.39 AM IST
- HC queries Centre, RBI on different treatment to PMC Bank depositors vis-a-vis Yes BankThe court noted that as per a March notification issued by the Centre, the RBI as well as the central government had a crucial role to play...26 Jun, 2020, 04.12 PM IST
- Bank deposit cover may be doubled to Rs 2 lakhThe move comes after the government and RBI faced flak over their handling of the closure of PMC Bank.31 Jan, 2020, 08.19 AM IST
- Deposit Insurance Corporation faces claim of around ₹14,000 croreDICGC came into limelight since RBI imposed deposit withdrawal restrictions on PMC Bank.28 Dec, 2019, 10.16 AM IST
- DICGC faces a claim of Rs 14,000 crore from co-operative banks including PMC: RBIThe extent of devolvement on DICGC in the event of all the banks ‘under direction’ or weak banks going into liquidation/ordered to be wound...27 Dec, 2019, 09.23 PM IST
- 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...05 Dec, 2019, 03.55 PM IST
- Co-op banks’ body proposes Rs 5 lakh cover for deposits, risk-based premiumIn a letter to FM Nirmala Sitharaman, representatives of Sahakar Bharati, which is associated with more than 20,000 co-operatives across In...14 Nov, 2019, 12.29 PM IST
- SC to hear on Friday plea seeking interim protective measures for insuring PMC Bank customersThe petition has sought a direction for issuance of "exhaustive and comprehensive guideline" to safeguard the banking and co-operative depo...16 Oct, 2019, 06.21 PM IST
- 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?30 Sep, 2019, 04.12 PM IST
- 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.29 Sep, 2019, 08.13 AM IST
- What happens to your deposits if RBI puts PMC Bank like restrictions on your bank?Bank customers have been a worried lot ever since RBI put stringent controls on PMC Bank.27 Sep, 2019, 08.11 PM IST
- RBI allows PMC Bank customers to withdraw up to Rs 10,000Expects move will let more than 60% of depositors take out their entire balance.27 Sep, 2019, 04.38 PM IST
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