Latest News-about-pmc-bank

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

RBI assures PMC Bank depositors their money is safe; account holders give ultimatum till 30 October: Report
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RBI assures PMC Bank depositors their money is safe; account holders give ultimatum till 30 October: Report

On Tuesday, many scam-hit PMC Bank account holders staged a protest at Azad Maidan in Mumbai raising slogans and holding placards which read 'Black Diwali, Save Us' and 'Innocents are losing life

PMC Bank case: Supreme Court to hear petition calling for 100% insurance coverage for over 15 lakh depositors today
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PMC Bank case: Supreme Court to hear petition calling for 100% insurance coverage for over 15 lakh depositors today

The PIL was filed by Bijon Mishra, who has sought the full protection of over 15 lakh affected bank customers and 100 percent insurance cover over their savings with the institution

Three account holders of scam-hit PMC bank die within two days; Shiv Sena urges RBI governor to allow merger of bank
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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 Bank scam: RBI increases withdrawal limit to Rs 40,000 per account; 77% of depositors covered
Business

PMC Bank scam: RBI increases withdrawal limit to Rs 40,000 per account; 77% of depositors covered

The Reserve Bank on Monday increased the withdrawal limits for depositors of the scam-hit Punjab & Maharashtra Cooperative Bank to Rs 40,000 from Rs 25,000 per account over the next six months

PMC Bank crisis: RBI hikes withdrawal limit from Rs 1,000 to Rs 10,000; over 60% depositors will be able to withdraw full amount
Business

PMC Bank crisis: RBI hikes withdrawal limit from Rs 1,000 to Rs 10,000; over 60% depositors will be able to withdraw full amount

With this relaxation, more than 60 percent of the depositors of the PMC Bank will be able to withdraw their entire account balance.

RBI clampdown on PMC Bank: Central bank's action will have cascading effect on other co-op banks, erode customer confidence
Business

RBI clampdown on PMC Bank: Central bank's action will have cascading effect on other co-op banks, erode customer confidence

PMC Bank, which is a multi-state co-operative bank with operation in at least six states, has also been barred from taking fresh liabilities and issuing loans without the RBI permission.

RBI places Mumbai-based PMC Bank under directions for 6 months; depositors cannot withdraw more than Rs 1,000
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RBI places Mumbai-based PMC Bank under directions for 6 months; depositors cannot withdraw more than Rs 1,000

PMC cooperatve Bank will not, without prior approval in writing from the Reserve Bank, will be able to grant or renew any loans and advances, make any investment