Yes Bank case: CBI books HDIL promoters Wadhawans, others for Rs 200-cr loan fraud
It is alleged that loans taken for Mack Star were transferred to settle HDIL liabilities to Yes Bank without intimation to its majority stakeholder and investor ODIL in a conspiracy orchestrated by the HDIL promoters, directors and auditors
PMC Bank depositors stage protest at RBI's Delhi office, threaten to go on hunger strike after 2 March if money not returned
PMC Bank has been put under restrictions by the RBI after an alleged fraud came to light following which the deposit withdrawal was initially capped at Rs 1,000, causing panic and distress among depositors
PMC Bank case: SC stays Bombay High Court order directing sale of HDIL assets to repay dues of co-operative lender
The Supreme Court on Friday stayed the Bombay High Court order directing sale of bankrupt Housing Development and Infrastructure Ltd (HDIL) to ensure repayment of dues of crisis-hit Punjab and Maharashtra Cooperative Bank
PMC Bank scam: SC stays Bombay High Court order allowing shifting of HDIL promoters from jail to residence
The Supreme Court on Thursday partially stayed the Bombay High Court order allowing shifting of HDIL promoters Rakesh Wadhawan and Sarang Wadhawan, accused in the multi-crore Punjab & Maharashtra Cooperative (PMC) Bank scam case, from Mumbai's Arthur Road Jail to their residence
PMC Bank scam: Bombay High Court sets up panel for sale of HDIL assets; next date of hearing on 30 April
The Bombay High Court set up a three-member committee on Wednesday for valuation and sale of encumbered assets of Housing Development and Infrastructure Ltd (HDIL) to expeditiously recover dues payable by the firm to crisis-hit Punjab & Maharashtra Cooperative (PMC) Bank
PMC Bank impact: RBI revises norms for urban cooperative banks; to place them under supervision if net NPAs exceed 6%
Following the exposure of scam in the PMC Bank, which has over 9.15 lakh depositors, the RBI imposed restrictions on withdrawals.
PMC Bank scam: HDIL MD Sarang Wadhawan's wife received Rs 70 lakh salary for working as retainer, finds ED probe
In her statement to the ED, Anu Wadhawan said that she was not a director on any of the HDIL group companies
PMC Bank fallout: RBI proposes to tighten lending norms for UCBs, says exposure to single borrowers leads to credit concentration risk
Earlier this month, the RBI Central Board had reviewed functioning of the urban cooperative banks and the enforcement framework.
PMC Bank scam: EOW submits 32000-page chargesheet; HDIL promoters Rakesh Wadhawan, son Sarang among five accused booked
According to the RBI, PMC bank masked 44 problematic loan accounts, including HDIL loan accounts, by tampering with its core banking system, and the accounts were accessible only to limited staff members.
PMC Bank scam: RBI-appointed administrator to seek valuation of HDIL's aircraft, yacht; plans to appoint consultant
These assets belong to HDIL group firms owned by Rakesh Wadhawan and his son Sarang, the prime accused in the Rs 6,500-crore scam at the cooperative lender.
PMC Bank scam: EOW may file its first chargesheet against promoters of HDIL today; Wadhawans booked under PMLA in over Rs 6,300 cr fraud
The PMC Bank, which has around 16 lakh depositors, was placed under an RBI administrator on 23 September for six months due to massive under-reporting of dud loans
PMC Bank scam: No objection if HDIL properties are sold off for recovery of dues, managing director Sarang Wadhawan tells court
Sarang and his father, HDIL promoter Rakesh Wadhawan are currently in judicial custody after the duo were arrested in connection with an alleged scam at PMC Bank.
PMC Bank scam: Enforcement Directorate files 7,000-page chargesheet against HDIL promoters Rakesh Wadhawan, son Sarang
The PMC Bank, which has around 16 lakh depositors, was placed under an RBI administrator on 23 September for six months due to massive under-reporting of dud loans.
Over 50 PMC Bank depositors detained by Mumbai Police after protest; Uddhav Thackeray meets delegation, assures all help
Over 50 depositors of the Punjab and Maharashtra Cooperative (PMC) Bank were detained by Mumbai Police on Sunday after they protested outside the residence of Chief Minister Uddhav Thackeray in Mumbai, police said.
PMC Bank scam: Nearly 78% depositors can withdraw entire deposits, says govt; efforts underway to repay customers money
Sitharaman also said in Lok Sabha that in case of medical emergencies, marriages and other crisis situations, a depositor of PMC Bank can withdraw up to Rs 1 lakh by invoking the 'hardship provisions' of RBI.
PMC Bank scam: Court allows RBI-appointed administrator to sell two jets, yacht of promoters of HDIL group
A court here has allowed the RBI-appointed administrator for the PMC Bank to sell two airplanes and a yacht belonging to HDIL group firms owned by Rakesh Wadhawan and his son Sarang, the prime accused in the Rs 4,355-crore scam at the cooperative lender
PMC Bank scam: Distressed depositors hold day-long protest at RBI office in Delhi
Distressed depositors of scam-hit PMC Bank on Wednesday held a day-long protect outside the RBI office here, demanding their "hard-earned" money be returned at the earliest
PMC Bank scam raises serious questions on RBI’s efficiency as regulator; central bank should wake up from its slumber
The PMC Bank fraud case gives aspiring crooks lessons on how to smartly fool the all-powerful RBI and commit major financial frauds.
PMC Bank scam: Top bank officials hid HDIL accounts from system, RBI tells Bombay High Court
Senior officials of scam-hit PMC Bank used special codes to hide hundreds of dummy loan accounts of HDIL, to which the bank had over 73 percent of its loan exposure, the Reserve Bank informed the Bombay High Court on Tuesday
PMC bank scam: Rajneet Singh, former director and son of ex-BJP MLA Sardar Tara Singh, arrested by Mumbai Police
Besides being a director, Rajneet Singh is a member of the loan recovery committee of the Punjab and Maharashtra Cooperative (PMC) Bank