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Punjab Maharashtra Cooperative Bank
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

Business  /  Published 02.10.19

Suspended PMC Bank MD blames 'superficial auditing'

The suspended managing director of Punjab and Maharashtra Cooperative (PMC) Bank, Joy Thomas, has blamed the auditors for the mess at the bank, accusing them of only 'superficially auditing' the books...
By PTI in Mumbai

Business  /  Published 30.09.19

FIR against PMC bank for Rs 4,355-crore fraud

Mumbai Police on Monday filed a case against the former bank management and promoters of HDIL in the Punjab & Maharashtra Co-operative Bank case and said a special investigation team will be probi...
By The Telegraph and PTI in Mumbai

Opinion  /  Published 31.12.19

Shrinking credit pool

The amount of incremental financial credit available to the commercial sector of an economy is an indication of its health. The lower the increment, the more sluggish the demand from business, reflect...
By The Editorial Board in

Business  /  Published 02.12.19

78% PMC Bank depositors can withdraw entire deposit: Sitharaman

Nearly 78 per cent depositors of the scam-hit PMC Bank have been allowed to withdraw their entire deposits even though the ceiling of Rs 50,000 on withdrawal continues, Union finance minister Nirmala ...
By PTI in New Delhi

Business  /  Published 12.10.19

RBI hope for PMC

Finance minister Nirmala Sitharaman on Saturday tried to reach out to the account holders of troubled Punjab and Maharashtra Cooperative Bank (PMC) by stating that the RBI would treat their concerns a...
By Our Special Correspondent in New Delhi

Business  /  Published 26.09.19

RBI relaxes PMC curb

In a relief to the worried customers of Punjab & Maharashtra Cooperative Bank (PMC Bank), the Reserve Bank of India on Thursday raised the cash withdrawal limit to Rs 10,000 per account.According ...
By Our Special Correspondent in Mumbai

India  /  Published 19.10.19

PMC protest outside RBI

Depositors of the crisis-hit Punjab and Maharashtra Cooperative Bank protested outside the Reserve Bank headquarters here on Saturday, demanding the return of their money that remains stuck under a re...
By PTI in Mumbai


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