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RBI PMC MEETING
View: UCBs are now RBI’s baby — just like YES Bank and LVB areThe troubles with Yes Bank were as much a reflection of questionable loans as it was of regulatory lapses. Letting a large, new-age bank co...- Exceptions can be carved out for medical and educational emergencies of PMC bank depositors: HC to RBIA bench of Chief Justice D N Patel and Justice Jyoti Singh asked the depositors, whose needs have been highlighted before the court in a PI...
- PMC bid: BharatPe offers to pay 100% to retail depositorsRBI has extended the deadline to February 1 on request from UK’s Liberty Group, which had also submitted an expression of interest (EoI) to...
- RBI faced with managing an impossible trinityRBI is faced with a herculean task of managing the impossible trinity of inundation of inflows, managing exchange rates in line with macro ...
- 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 ...
- Pawar meets Anurag Thakur to discuss revival of scam-hit PMC BankThe PMC Bank has been put under restrictions by the RBI, after a multi-crore scam came to light following which the deposit withdrawal was ...
- An insider blew the lid off Rs 6,500-crore PMC scamThe whistleblower, who was a senior bank official, was angry about RBI being systematically kept in the dark.
- 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.
- 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...
- Prime Minister's National Relief Fund should be used to help ailing PMC depositors: Manmohan SinghManmohan Singh suggested use of Prime Minister's National Relief Fund for PMC depositors who need funds for urgent medical treatment. He sa...
- Scam-hit HDIL appoints Knight Frank to value 40 land assetsWhile the principal loan on these assets is around Rs 2,200 crore, PMC Bank has been accused of fraudulently extending Rs 4,500 crore to HD...
- Will discuss PMC Bank issue with PM: Devendra Fadnavis tells depositorsAggrieved depositors put forth their woes to the CM, who gave them a patient hearing, but said he could not give them any assurance as the ...
- 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...
- RBI will not let any co-operative bank to collapse, says Shaktikanta DasDas said RBI would use prompt corrective action where ever appropriate.
- 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.
- RBI allows PMC Bank customers to withdraw up to Rs 10,000Expects move will let more than 60% of depositors take out their entire balance.
- 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.
- RBI increases withdrawal limit to Rs 10,000 for PMC Bank customersEarlier, the RBI has put the restrictions on withdrawal of Rs 1000 for six months making deposit holders panic.
- Customers file police complaint against PMC Bank's officialsA delegation of account-holders went to Sion police station in central Mumbai and submitted the complaint against officials of the bank.
- 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.
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