Pmc Bank
India  /  Published 27.08.20

Deposits: stuck at co-op bank

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...
By Reuters in Mumbai, New Delhi

India  /  Published 21.10.19

Despondent Congress spies signs of fight in Maharashtra

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...
By Sanjay K. Jha in New Delhi

Business  /  Published 16.10.19

PMC Bank assures to protect depositors interest

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...
By PTI in Mumbai

India  /  Published 16.10.19

Cash-stuck depositor dies of heart attack

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 ...
By PTI in Mumbai

India  /  Published 10.10.19

Will speak to RBI governor: Sitharaman on withdrawing money from PMC 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...
By The Telegraph and PTI in Mumbai

Business  /  Published 04.10.19

Das assurance on PMC Bank crisis

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 ...
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

India  /  Published 04.11.19

Court won’t interfere in PMC affairs

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 ...
By PTI in Mumbai

India  /  Published 05.11.19

PMC Bank withdrawal cap hiked to Rs 50,000

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...
By PTI 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


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