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  Money stuck for nearly a month, PMC Bank users stare at uncertainity

  India | October 20, 2019 19:24 IST

  Nearly a month after the RBI clamped down on the operations of scam-hit PMC Bank, the depositors say their woes have only worsened, with some unable to pay school fees of their wards, while others finding it difficult to meet medical expenses.

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  ED grills Praful Patel along with Wadhawans

  India | October 18, 2019 22:10 IST

  The Enforcement Directorate on Friday grilled former Union minister Praful Patel for his links with Dawood Ibrahim's close aide Iqbal Mirchi in a money laundering case and also confronted him with the promoters and directors of the Housing Development and Infrastructure Ltd (HDIL), arrested in the Rs 4,335-crore Punjab and Maharashtra Cooperative (PMC) Bank case.

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  PMC Bank: SC refuses to entertain plea on insurance of depositors

  India | October 18, 2019 11:39 IST

  The RBI has initially allowed depositors to withdraw a paltry Rs 1,000, followed by Rs 25,000 which has now been raised to Rs 40,000, but the customers have been demanding full access to all their accounts.

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  Over ₹10 crore missing from PMC Bank records

  India | October 18, 2019 10:44 IST

  Officials had earlier quoted Rs 4,355 crore loan fraud by the bank. However, the total fraud amounts to over Rs 6,500 crore, contrary to the amount quoted by the corrupt officials who were involved in the scam.

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  PMC Bank: Sell our assets to pay off bank's dues, Wadhawans to RBI

  Business | October 17, 2019 6:42 IST

  Promoters of real estate group HDIL, Rakesh and Sarang Wadhawan, who are the prime accused in the PMC Bank scam, have requested the RBI and investigation agencies to sell off their assets, including a yacht, a Rolls Royce and an aircraft, to pay off the bank's dues.

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  Mumbai Police to investigate omission of irregularities with PMC Bank

  India | October 17, 2019 5:59 IST

  The development was confirmed on Wednesday after Mumbai Police Commissioner Sanjay Barve met a group of PMC Bank depositors at his office.

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  PMC bank scam: Enforcement Directorate identifies more assets

  India | October 16, 2019 23:55 IST

  A day after the Enforcement Directorate (ED) revealed that former Union Minister and Nationalist Congress leader (NCP) Praful Patel used private jets of Punjab and Maharashtra (PMC) Bank fraud accused Wadhawans, the agency on Wednesday claimed that it has identified more properties of the promoters and directors of the Housing Development and Infrastructure Limited (HDIL).

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  SC to hear plea seeking protective measures for PMC Bank customers

  India | October 16, 2019 18:33 IST

  The Punjab & Maharashtra Co-operative Bank has been put under restrictions by the Reserve Bank of India (RBI) following the discovery of a Rs 4,355-crore scam.

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  Sanjay Gulati was raising a special child

  India | October 15, 2019 17:04 IST

  PMC Bank account holder Sanjay Gulati, who passed away of cardiac arrest, was raising a special child. Gulati had a deposit of over Rs 90 lakh with the troubled Punjab and Maharashtra Bank Cooperative (PMC) Bank. He was under stress because of his deposit being stuck.   

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  2nd PMC Bank account holder dies of cardiac arrest

  India | October 15, 2019 23:51 IST

  A second PMC Bank account holder has died of cardiac arrest. Fattomal Punjabi was depressed after the news of PMC Bank scam. He had an account with PMC Bank's Mulund Branch.

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  With Rs 90 lakh stuck in PMC Bank, depositor dies of cardiac arrest

  India | October 15, 2019 10:42 IST

  On Monday, Sanjay Gulati had participated at a rally against the PMC Bank scam, at the Killa Court in the Fort area. The incident occurred when he returned home in the afternoon and was having food.

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  RBI enhances withdrawal limit for PMC depositors upto ₹ 40,000

  Business | October 14, 2019 23:52 IST

  Reserve Bank of India on Monday enhanced the withdrawal limit for depositors of Punjab and Maharashtra Cooperative (PMC) Bank Ltd to ₹ 40,000, giving relief to its customers ahead of Diwali.

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  Assets worth Rs 3,830 crore seized, identified in PMC Bank case: ED

  India | October 14, 2019 18:53 IST

  The Enforcement Directorate on Monday said it has seized and identified assets worth Rs 3,830 crore in the PMC Bank money laundering case.  

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  PMC Bank: Police custody of former chairman, HDIL directors extended

  India | October 14, 2019 13:44 IST

  New pieces of evidence are being tracked everyday, the investigating officer informed the court, adding two more days of custody is required to extract more information from the key accused in the bank fraud.

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  PMC Bank accused's custody extended; no bail, only jail

  India | October 09, 2019 19:41 IST

  Depositors of Punjab and Maharashtra Cooperative (PMC) Bank protested outside a court on Wednesday, demanding stringent action against the culprits, as police custody of three accused in Rs 4,355 crore scam at the bank was extended till October 14.

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  HDIL owner linked to Ghaziabad real estate fraud case

  India | October 08, 2019 16:20 IST

  HDIL owner Rakesh Wadhawan, who has been arrested by the Mumbai Police in the PMC Bank fraud case, is also linked to an alleged cheating case involving real estate firm Rudra Buildwell.

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  Not just cars, Wadhwans also owned a yacht and 22-bedroom flat

  India | October 07, 2019 16:46 IST

  Not just luxury cars, Wadhwans also own a yacht and 22-bedroom flat in Alibaug. The Enforcement Directorate is continuing searches in the PMC bank fraud case wherein close associates of HDIL Directors are also being searched.

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  PMC Bank Chairman Waryam Singh sent to police custody till October 9

  India | October 06, 2019 19:08 IST

  A Mumbai Court on Sunday remanded to police custody till October 9 the former Chairman of the crisis-hit Punjab & Maharashtra Cooperative Bank Ltd., S. Waryam Singh, officials said. Singh, who was nabbed by the Economic Offences Wing (EOW) of Mumbai Police from his hiding place in Mahim late on Saturday, was produced before a magistrate court on Sunday.

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  Rolls Royce to Bentley: luxury cars seized from Wadhawans in PMC loot

  Business | October 06, 2019 19:14 IST

  PMC bank fraud case: The cars include two Rolls Royce Phantom, an ultra-luxury Bentley Continental and a couple of high-end BMW, Mercedes, Jaguar and Land Rover SUVs.

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  PMC Bank Chairman Waryam Singh arrested by Mumbai Police

  India | October 05, 2019 22:48 IST

  The absconding Chairman of the crisis-hit Punjab & Maharashtra Cooperative (PMC) Bank Ltd, S. Waryam Singh, has been nabbed by the Economic Offences Wing of Mumbai Police, an official said here on Saturday.