Pmc Bank Crisis

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 crisis claims eighth victim in 74-year-old Thane man; family cites inability to meet medical bills as reason for demise

The RBI has put an administrator on the PMC bank and claims that 77 percent of the 16 lakh depositors can fully withdraw their money

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: PIL in Delhi High Court seeks lifting of restriction on cash withdrawal

The Delhi High Court on Friday sought responses from the Centre, the AAP government in the national capital and the RBI on a PIL seeking the removal of restrictions on cash withdrawals from the scam-hit Punjab and Maharashtra Cooperative (PMC) Bank Ltd

RBI revamps departments for effective supervision, regulation of banking sector

Under attack for not being able to prevent scams in the banking sector, the RBI on Friday reorganised its supervisory and regulatory functions into two departments to deal more effectively with potential systemic risk

PMC Bank scam: Depositors continue protest seeking payback; police detains three agitators

Depositors of the PMC Bank on Wednesday protested in the financial capital, seeking an immediate payback of their dues from the troubled cooperative

PMC Bank scam: Depositors continue with their protests by agitating outside RBI office, seek payback of stuck money

Harried depositors of the troubled Punjab and Maharashtra Cooperative (PMC) Bank continued with their protests by agitating outside an office of the Reserve Bank here on Tuesday, to demand a payback of their stuck money

PMC Bank crisis impact: Odisha govt cautions departments against depositing money in banks

The Odisha Finance Secretary has written the letter to departments asking them to keep in mind the norm that in the eventuality of closure of any bank the deposits are insured only up to Rs 1 lakh and not beyond that, said reports.

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