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PMC BOARD
RBI extends curbs on the operations at PMC Bank“It is hereby notified for the information of the public that the validity of the aforesaid directive… has been extended for a further peri...25 Jun, 2021, 07.58 PM IST- 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...25 Jun, 2021, 05.56 PM 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
- Bombay HC grants bail to three former directors of PMC Bank in Rs 4,300 cr scam caseOn Wednesday, Justice Prakash D Naik, while granting bail to Nandrajog, Bavisi and Bane in an oral order directed them to submit their pass...05 May, 2021, 06.06 PM IST
- RBI says engaged with prospective investors to secure best terms for PMC Bank depositorsIn September 2019, the RBI had superseded the board of PMC and placed it under regulatory restrictions, including cap on withdrawals by cus...26 Mar, 2021, 09.25 PM IST
- One year later, PMC Bank depositors still struggling to get their money backPMC Bank depositors have spent the last one year holding protests, meeting politicians, writing to various authorities in an effort to get ...23 Sep, 2020, 07.28 PM 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
- PMC Bank probe finds another ghost account operatorThese ‘ghost accounts’ are suspected to have been operated by entities with the knowledge of arrested bank officials, sources said. These a...23 Nov, 2019, 10.32 AM IST
- 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...11 Oct, 2019, 06.36 AM IST
- PMC Bank created over 21,000 fake accounts to hide defaults by HDILThese loans were not recorded in core banking system, instead they were mere entries in the "master indent" submitted to the RBI for inspec...04 Oct, 2019, 08.38 PM IST
- Eight Sikhs on PMC board banned by communityThe 8, including chairman Waryam Singh and vice-chairman Balbir Singh Kochhar, have been stripped of memberships of gurdwaras.03 Oct, 2019, 01.01 PM IST
- PMC's suspended MD Joy Thomas blames 'superficial auditing' for messThe shallow auditing of the books of PMC by its statutory auditors was done as the 'bank was growing', Thomas claimed in a letter to RBI.02 Oct, 2019, 01.43 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
- Over two-thirds of PMC’s loan exposure is in HDIL groupBank officials allegedly created many accounts to help HDIL get the loan money.30 Sep, 2019, 11.35 AM IST
- RBI wanted PMC chairman Waryam Singh to be sacked in 2018 for irregularitiesRBI had found out his involvement in sanctioning loans to realty developer HDIL without proper due diligence.29 Sep, 2019, 08.28 PM IST
- PMC's HDIL loan at Rs 6,500 crore, or 73 percent of total loan book: Ex-MD Thomas in letter to RBIThe admission came in after a board member leaked the actual balance sheet details to the Reserve Bank, a source in know of the details sai...29 Sep, 2019, 06.21 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
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