Advertisement


Pmc Bank
India  /  Published 19.11.19

PMC depositors can make emergency withdrawals: RBI tells Bombay HC

Depositors of the crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank can approach the Reserve Bank-appointed administrator for withdrawal up to Rs 1 lakh in case of medical emergencies, the RBI ...
By PTI in Mumbai

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

India  /  Published 18.10.19

PMC Bank depositors get no relief from SC

The Supreme court on Friday refused to entertain a plea filed on behalf of scam-hit PMC Bank account holders seeking lifting of restrictions imposed by the Reserve Bank of India on cash withdrawals.A ...
By The Telegraph and PTI in New Delhi

India  /  Published 15.10.19

PMC Bank depositor dies of heart attack after protest

A 51-year-old man, whose family has a deposit of over Rs 90 lakh with the Punjab and Maharashtra Bank Cooperative (PMC) Bank, died due to a heart attack, sources said on Tuesday.Sanjay Gulati, a resid...
By PTI in Mumbai

Business  /  Published 01.10.19

PMC Bank crisis: HDIL says loans taken after giving 'adequate security' cover

Crisis-hit HDIL on Tuesday said that loans taken from banks including Punjab and Maharashtra Cooperative Bank were in normal course of business after providing adequate security cover and that it is r...
By PTI in Mumbai

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 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 15.11.19

Higher cover for deposits

Finance minister Nirmala Sitharaman said the government will bring in legislations to raise insurance cover on bank deposits from the current Rs 1 lakh and to regulate multi-state cooperative banks. T...
By TT Bureau in New Delhi


Advertisement

Download our latest App

to get update on the go...

Advertisement

Advertisement
 
Copyright © 2020 The Telegraph. All rights reserved.