Pmc Bank
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Maharashtra government suggests merger of troubled PMC Bank with MSC Bank
India | December 05, 2019 15:39 ISTTwelve people, including top officials of the PMC Bank and HDIL, have so far been arrested by Mumbai Police's Economic Offences Wing (EOW) in connection with the PMC Bank scam.
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Three directors of PMC Bank arrested
India | December 03, 2019 22:40 ISTThe Economic Offences Wing (EOW) of Mumbai Police on Tuesday arrested three directors of Punjab & Maharashtra Cooperative (PMC) Bank in connection with the alleged Rs 4,355 crore fraud which is under investigation, an official said.
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Seeking their money, PMC Bank depositors protest again
India | November 27, 2019 9:17 ISTThe protest, announced last weekend after a round of sit-ins outside the RBI headquarters, was held at the Azad Maidan, the designated agitating place located not far off from the central bank headquarters.
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PMC Bank only disclosed Rs 439.6 crore as loans to HDIL
Business | November 25, 2019 21:31 ISTDuring the current inspection, PMC Bank has admitted to having a total exposure of Rs 6,226.01 crore (inclusive of interest accrued in the related accounts) as on March 31, 2019 to the HDIL group.
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RBI should be given full power to regulate co-op banks: Marathe
India | November 17, 2019 12:49 ISTHe further said the government should find "out-of-box" solution to redress the hardships being faced by all categories of depositors and the cooperative sector.
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PMC Bank Scam: Mumbai Police arrests former Director Rajneet Singh
India | November 16, 2019 20:14 ISTEconomic Offence Wing (EOW) of the Mumbai Police has arrested Ranjeet Singh in connection with PMC Bank scam on Saturday. Singh is the former Director of PMC Bank and son of former BJP MLA Tara Singh.
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PMC Bank crisis: Depositors of scam-hit bank meet Mumbai police chief
India | November 11, 2019 23:33 IST"In the meeting, the commissioner assured us that the police will take every possible action to bring the culprits to book and recover the money of depositors," Singh said.
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Closely monitoring situation at PMC Bank; forensic audit underway: RBI Governor
Business | November 07, 2019 15:39 IST"PMC Bank situation is being closely monitored. Forensic audit is underway in PMC Bank case," Das told reporters after a meeting of the Financial Stability and Development Council (FSDC) in New Delhi.
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PMC depositors gather outside RBI Delhi, demand assurance from central bank
India | November 06, 2019 15:59 ISTPunjab & Maharashtra Cooperative Bank (PMC Bank), which is among the top 10 urban cooperative banks, was placed under an RBI administrator on September 23 for six months due to massive under-reporting of dud loans.
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RBI enhances withdrawal limit for PMC bank depositors upto ₹ 50,000
Business | November 05, 2019 17:58 ISTThis is the fourth time the regulator has increased the withdrawal limit since it clamped down on PMC Bank on September 23, capping withdrawals at Rs 1,000 per customer, which led to a lot of distress and criticism. Last month the limit was enhanced to Rs 40,000 per account.
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PIL in HC seeks lifting of restriction on cash withdrawal from PMC ban
India | November 01, 2019 12:50 ISTA 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 directing them to indicate their stand on the plea which has sought 100 per cent insurance cover for customers' money deposited in the bank
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PMC Bank scam: Court extends HDIL promoters' ED custody till Oct 24
India | October 22, 2019 16:13 ISTA Mumbai court on Tuesday extended the ED custody of HDIL promoters Rakesh Wadhawan and his son Sarang Wadhawan, arrested in connection with Rs 4,355 crore Punjab and Maharashtra Cooperative (PMC) Bank scam, till October 24.
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PMC Bank scam: Ex-director's police remand extended
India | October 22, 2019 13:31 ISTArora was last week arrested by Mumbai Police's Economic Offences Wing (EOW) in connection with the alleged Rs 4,355 crore scam. He was produced before metropolitan magistrate S G Shaikh, after his police remand ended on Tuesday. The court extended his police custody till Thursday.
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PMC Bank depositors stage protest at Azad Maidan in Mumbai
News | October 22, 2019 13:56 ISTMaharashtra: Punjab and Maharashtra Co-operative (PMC) Bank depositors stage a protest at Azad Maidan in Mumbai
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PMC Bank depositors hold protest outside RBI headquarters
India | October 19, 2019 15:40 ISTDepositors of the scam-hit Punjab and Maharashtra Cooperative (PMC) Bank held a protest outside the Reserve Bank of India (RBI) headquarters in south Mumbai on Saturday.
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Another PMC Bank depositor dies; had no funds for surgery
India | October 18, 2019 19:14 ISTAn 83-year-old depositor of the troubled PMC Bank died on Friday, with his family claiming that it could not raise money for his heart surgery after restrictions were imposed on fund withdrawals.
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Over ₹10 crore missing from PMC Bank records
India | October 18, 2019 10:44 ISTOfficials 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 ISTPromoters 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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Around 50 PMC bank customers stage protest outside RBI
India | October 16, 2019 23:49 ISTAround 50 depositories of the scam-hit Punjab and Maharashtra Cooperative Bank staged a protest outside the RBI demanding revoking restrictions on cash withdrawal, currently capped at Rs 40,000 over a six-month period.
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Former Director of PMC Bank S Surjit Arora arrested
India | October 16, 2019 21:04 ISTFormer Director of PMC Bank S Surjit Arora has been arrested by Economic Offences Wing (EOW) of Mumbai Police.
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