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Pmc Bank
Business  /  Published 19.05.20

Delhi High Court query to Centre on PMC revival

The Delhi High Court has asked the Centre to state whether it intends to infuse funds in the scam-hit Punjab and Maharashtra Cooperative (PMC) Bank, much like the infusion in Yes Bank.Justice Rajiv Sh...
By Our Special Correspondent in New Delhi

India  /  Published 17.04.20

Court denies bail to Rakesh Wadhawan

HDIL promoter Rakesh Wadhawan, currently lodged in jail in connection with the multi-crore rupees Punjab & Maharashtra Cooperative (PMC) Bank scam case, was denied interim bail on Friday by a spec...
By PTI in New Delhi

Business  /  Published 21.03.20

PMC curbs

The RBI on Saturday said it has extended regulatory restrictions on Punjab and Maharashtra Cooperative (PMC) Bank for three more months till June 22, 2020.The banking regulator had put a six-month reg...
By Our Special Correspondent in Mumbai

Business  /  Published 05.02.20

RBI sway on co-op banks

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...
By Our Special Correspondent in New Delhi

Business  /  Published 01.02.20

Deposit cover increased

The Union budget has proposed to raise the bank deposit insurance limit by five times to Rs 5 lakh, providing relief to depositors who have been rattled by the recent crisis in a cooperative bank.“T...
By Our Special Correspondent in Mumbai

Business  /  Published 06.01.20

More curbs on urban co-op banks

The Reserve Bank of India on Monday announced a revised supervisory action framework (SAF) for urban co-operative banks (UCBs) which sets certain thresholds.In a notification issued on Monday, the RBI...
By Our Special Correspondent in Mumbai

Business  /  Published 30.12.19

Curbs on urban co-op banks

The Reserve Bank of India (RBI) on Monday proposed tighter norms for urban co-operative banks (UCBs) to prevent the repeat of scams such as the one at PMC Bank. The apex bank sought to restrict the ex...
By Our Special Correspondent in Mumbai

Business  /  Published 27.12.19

PMC scam chargesheet filed

The Economic Offences Wing (EOW) of the Mumbai police on Friday submitted a 32,000-page chargesheet against five persons in the multi-crore Punjab and Maharashtra Cooperative (PMC) Bank scam at a metr...
By Our Special Correspondent in Mumbai

Business  /  Published 27.12.19

Valuer for HDIL owned aircraft

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...
By PTI in Mumbai

Business  /  Published 05.12.19

Check on urban co-op banks

The RBI will amend some regulatory guidelines of urban co-operative banks in the wake of the PMC Bank scam, including exposures to entities and bringing them under a stricter reporting framework. The ...
By Our Special Correspondent in Mumbai


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