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PUNJAB AND MAHARASHTRA COOPERATIVE
"Complete dominance over terrorism in Kashmir, North-East became peaceful under PM's tenure": Amit ShahUnion Home Minister Amit Shah lauded Prime Minister Narendra Modi's leadership, highlighting significant advancements in national security,...- Builder denied proper parking? Know your rights under RERA & key court rulingsHomebuyers facing parking disputes with builders now have legal recourse. Judicial precedents and RERA guidelines offer clarity on issues l...
- Punjab and Maharashtra Co-operative Bank gets a new administratorPMC was placed under RBI directions on September 23, 2019, after its NPAs rose sharply due to loans given to real estate company HDIL and i...
- RBI extends regulatory restrictions on PMC Bank by 3 months"It is hereby notified for the information of the public that the validity of the directive dated September 23, 2019, as modified from time...
- 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...
- PIL in HC seeks lifting of restriction on cash withdrawal from PMC bankA bench of Chief Justice D N Patel and Justice C Hari Shankar issued notice to the Finance Ministry, Delhi government, RBI and the PMC bank...
- Rishi Kapoor compares PMC crisis to father's 'Shree 420', urges government to punish cheatsThe actor expressed concerns over 'racketeering' in the country.
- Another PMC Bank depositor dies; had no funds for surgeryMurlidhar Dharra (83) died at his home in suburban Mulund on Friday. The family had a total of Rs 80 lakh in deposits with the bank, which ...
- 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.
- Ex-PMC Bank MD Joy Thomas owns 10 properties with second wifeJoy Thomas is one of the key accused in the alleged Rs 4,355-crore scam at the city-based Punjab and Maharashtra Cooperative (PMC) Bank.
- PMC bank not linked with Punjab State Cooperative Bank & District Central Cooperative BanksCooperative Banks of Punjab in sound financial condition, says MD SK Batish.
- Cooperative sector needs self regulatory mechanism: Piyush GoyalCiting the example of PMC scam, Piyush Goyal said some "bad apples" ruin the reputation of such an important sector.
- PMC Bank accused's custody extended, depositors agitatedDepositors of Punjab and Maharashtra Cooperative (PMC) Bank protested outside a court on Wednesday, demanding stringent action against the ...
- 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...
- View: It's time to reform India's cooperative banksBanks of all kinds have been hit by frauds. But the UCBs are the odd man out. They are nobody’s child.
- HDIL hits lower circuit as regulators examine link to PMC BankHDIL’s shares, which have plummeted 85 per cent this year, dropped 4.91 per cent to Rs 3.87.
- 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.
- RBI imposes restrictions on PMC Bank; withdrawal restricted to Rs 1,000 per accountThe bank won't be allowed to make any fresh loans, RBI said. The curbs will be in force for six months.
- PMC says has enough liquidity, depositors' money fully safeRBI superseded the bank's management and placed it under an administrator for the next 6 months.
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