Set up in 1984, PMC is a regional lender with 137 branches across six states and by last year, it had deposits of $1.5 billion. Yes Bank is far bigger with more than 1,000 branches across India. Many...

The Congress leadership may have given up even before single shot was fired but its internal assessors have spied a late surge in Maharashtra and a desperate struggle in Haryana that go to polls on Mo...

Amid instances of deaths and a suicide, troubled PMC Bank's administrator met RBI brass, including governor Shaktikanta Das on Wednesday.'It was assured that the bank will make all efforts to safeguar...

A 51-year-old man whose deposit of over Rs 90 lakh was stuck with the scam-hit Punjab & Maharashtra Cooperative Bank died of a heart attack on Monday, hours after taking part in a protest by bank ...

Union finance minister Nirmala Sitharaman on Thursday said she will speak with Reserve Bank governor Shaktikanta Das to expedite the process for withdrawal of money by customers of the PMC Bank.“I s...

RBI governor Shaktikanta Das on Friday sought to allay apprehensions about the banking system among people after the crisis at Punjab & Maharashtra Co-operative Bank (PMC Bank) came to light. Das ...

The RBI-appointed administrator of scam-hit Punjab and Maharashtra Co-operative Bank has floated a request for proposal to appoint a consultant for the valuation of two aircraft and a yacht owned by H...

Bombay High Court on Monday asked the Reserve Bank of India what steps it has taken to protect the interests of depositors of the crisis-hit Punjab and Maharashtra Cooperative Bank, but made it clear ...

The Reserve Bank on Tuesday enhanced the cash withdrawal from the scam-hit Punjab & Maharashtra Cooperative (PMC) Bank to Rs 50,000 per account.This is the fifth increase in withdrawal limit since...

The government on Wednesday approved amendments to the Banking Regulation Act to bring co-operative banks under the central bank’s regulations to avoid a crisis like the one at Punjab and Maharashtr...