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PMC COOPERATIVE BANK
RBI boost to Centrum’s PMC takeover planRBI took control of PMC Bank in September 2019 following accusations of money laundering.19 Jun, 2021, 05.31 PM IST- RBI grants in-principle approval to Centrum to own PMC Bank via SFB route“The RBI would consider granting a licence for commencement of banking business on being satisfied that the applicant has complied with the...19 Jun, 2021, 07.19 AM IST
- Govt introduces Bill in Lok Sabha for cooperative banks to avoid PMC bank-like crisisThe Banking Regulation (Amendment) Bill, 2020, which comes in the backdrop of PMC Bank scam, seeks to strengthen cooperative banks by incre...03 Mar, 2020, 07.27 PM IST
- Govt introduces bill to amend banking laws to strengthen cooperative banksThe proposed law seeks to enforce banking regulation guidelines of the RBI in cooperative banks while administrative issues will still be g...03 Mar, 2020, 04.31 PM 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
- PMC Bank depositors' worries to be taken up with RBI: MinisterPunjab and Maharashtra Cooperative (PMC) Bank, over a long period of time, had given more than Rs 6,700 crore in loans to the Housing Devel...12 Dec, 2019, 04.00 PM IST
- ET Explains: Inside RBI's plan to avert PMC Bank-like embarrassmentsNew policy measures were announced on Thursday to strengthen the regulatory framework at the UCBs.06 Dec, 2019, 05.10 PM IST
- 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...27 Nov, 2019, 06.11 PM IST
- Closely monitoring situation at PMC Bank; forensic audit underway: RBI Guvunjab & Maharashtra Cooperative Bank (PMC Bank), among the top 10 urban cooperative banks in the country, was placed under an RBI administr...07 Nov, 2019, 07.33 PM IST
- PMC Bank depositor dies, family says no link with crisis68-year-old Keshumalbhai Hinduja, who had an account with the scam-hit PMC Bank died in suburban Mulund, his relatives said on Thursday. Th...31 Oct, 2019, 06.06 PM IST
- Govt closely monitoring developments at PMC Bank: Nirmala SitharamanPMC is in bad health allegedly due to its exposure to near-bankrupt realty player HDIL, to which it has loaned over 70 per cent of its Rs 9...14 Oct, 2019, 04.56 PM IST
- After PMC shock, work starts on stronger rules for cooperativesRBI and finance ministry have started working on an improved framework for the oversight of cooperatives.14 Oct, 2019, 12.22 PM IST
- View: The biggest lesson from PMC Bank's brazen crookeryThis bank violated all norms to channel no less than 70% of its entire loans to just one client.06 Oct, 2019, 10.09 AM IST
- 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 ...02 Oct, 2019, 03.42 PM IST
- 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...01 Oct, 2019, 12.55 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
- 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.27 Sep, 2019, 04.38 PM IST
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