Joy Thomas

PMC Bank scam: Depositors gather outside RBI Delhi office, demand assurance on return of their savings

A group of distressed PMC depositors gathered outside the Reserve Bank of India (RBI) office here on Wednesday, seeking an assurance that their deposits in the scam-hit corporative bank are safe and will be returned to them within a stipulated time

PMC Bank scam: RBI increases withdrawal limit to Rs 50,000 per account; over 78% of depositors covered

The Reserve Bank on Tuesday increased the withdrawal limits for depositors of the scam-hit Punjab and Maharashtra Cooperative Bank (PMC Bank) to Rs 50,000 from Rs 40,000 per account

PMC Bank scam: Bombay HC asks RBI what steps were taken to help depositors; next hearing on 19 November

The Bombay High Court on Monday sought to know from the Reserve Bank of India what steps it has taken to protect the interests of depositors of the crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank

PMC Bank scam: Court extends HDIL promoters Rakesh Wadhawan, son Sarang's ED custody till 24 October

A Mumbai court on Tuesday extended the ED custody of HDIL promoters Rakesh Wadhawan and his son Sarang Wadhawan, arrested in connection with Rs 4,355 crore Punjab and Maharashtra Cooperative (PMC) Bank scam, till 24 October

PMC Bank crisis: Over Rs 10 cr found missing from lender's record, internal investigation team reveals, says report

Multiple cheques were issued by HDIL and its related entites which were never deposited with the bank and yet cash was handed over to them, according to a report

Daily Bulletin: SC to hear PIL seeking interim protection for customers in PMC Bank scam today; ED summons Praful Patel for probe in money laundering case; day's top stories

Here are today's top stories: PMC bank scam: SC to hear PIL seeking interim protection for customers today; Pakistan to remain on FATF 'Grey List' till February 2020; formal announcement to be made today; and more

PMC Bank scam: Former managing director Joy Thomas remanded to jail, ex-director S Surjit Singh Arora sent to police custody

On Wednesday, former director of PMC bank Arora was arrested by the Economic Offences Wing of the Mumbai Police in connection with the scam.

Waryam Singh, former chairman of PMC Bank purchased hotel in Punjab, Rs 2,500 cr property in Mumbai allegedly using lender's money

Waryam Singh, former chairman, PMC Bank made a lot of high-value investments from the alleged Rs 4,355-crore fraud

Three account holders of scam-hit PMC bank die within two days; Shiv Sena urges RBI governor to allow merger of bank

A depositor of scam-hit PMC Bank allegedly committed suicide at her residence in Mumbai's Versova, while two more people died of a heart attack a few hours after taking part in a protest by bank customers seeking their money back

PMC scam: Central bank employees union wants cooperative banks under full control of RBI

In the wake of the scam at Punjab & Maharashtra Cooperative (PMC) Bank, the All-India Reserve Bank Employees Association on Wednesday suggested ending the dual jurisdiction of urban cooperatives and bringing them under RBI jurisdiction