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RBI PMC BANK
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
- 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RBI says engaged with prospective investors to secure best terms for PMC Bank depositorsIn September 2019, the RBI had superseded the board of PMC and placed it under regulatory restrictions, including cap on withdrawals by cus...26 Mar, 2021, 09.25 PM IST
- HC pulls up RBI for leaving it to PMC bank to decide depositors requests for money in emergenciesPunjab and Maharashtra Cooperative Bank has been put under restrictions, including limiting withdrawals, by the RBI, following the unearthi...01 Dec, 2020, 01.37 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
- India's fraud-hit PMC Bank asked other major banks for a merger, says administratorAuthorities started investigating Punjab and Maharashtra Co-operative Bank (PMC) for fraud last year and the Reserve Bank of India (RBI) to...16 Sep, 2020, 02.28 PM IST
- 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...26 Aug, 2020, 04.51 PM IST
- Withdrawal limit of Rs 1L on PMC bank can't be increased due to lack of liquidity: RBIIt also told a bench of Chief Justice D N Patel and Justice Prateek Jalan that the insurance cover of Rs five lakh being provided to each d...14 Aug, 2020, 09.31 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 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
- 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
- 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
- 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
- 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 crisis: Builder who didn’t repay ₹2,500 crore granted ₹96.5 crore personal loanA month before PMC collapsed, it cleared a personal loan to HDIL boss Sarang Wadhawan.27 Sep, 2019, 04.37 PM IST
- How a single account pulled down 35-year-old PMC bankRBI yesterday put a slew of restrictions on PMC Bank for six months citing several regulatory lapses.25 Sep, 2019, 02.24 PM IST
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