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PMC CRISIS
Psychology says adults who grew up in emotionally unpredictable homes don't just remember chaos; their nervous system learned to treat instability as normalChildhood experiences of unpredictable emotional environments can lead to adult nervous systems that struggle with calm, even in safe situa...- Pune Curfew News: Police imposes ban on these activities for next 14 days starting tonight. Here's what's allowed, what's notPune Ban news: Pune administration has imposed a 14-day ban on public gatherings starting May 26. The Pune Municipal Corporation is impleme...
- 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...
- Umbrella unit to shore up urban co-operative banksUCBs caught media attention in Sep this year when RBI put curbs on PMC bank
- 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...
- 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...
- Rishi Kapoor compares PMC crisis to father's 'Shree 420', urges government to punish cheatsThe actor expressed concerns over 'racketeering' in the country.
- PMC crisis: Farhan Akhtar expresses disappointment in a cryptic tweet, wants culprits to 'rot in jail'In the last four days, four people have lost their lives due to the stress.
- 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...
- How safe do you think is your bank deposit?In India, the Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of the RBI was set up under an Act of the Parliament...
- 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.
- PMC crisis result of govt's wrong economic policies: NCPCiting many regulatory lapses, including massive under-reporting of non-performing assets, the RBI has put a slew of restrictions on PMC Ba...
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