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
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
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: RBI governor Shaktikanta Das says closely monitoring situation, forensic audit underway
Reserve Bank Governor Shaktikanta Das on Thursday said it is closely monitoring the situation at scam-hit PMC Bank and a forensic audit is underway
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: 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
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
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 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
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: Mumbai Police to investigate how RBI's forensic audit report missed irregularities; 'no auditors will be spared'
Mumbai Police commissioner Sanjay Barve said this after meeting a group of PMC Bank depositors met him during the day at his office.
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
Finance Minister Nirmala Sitharaman on Thursday faced irate depositors of Punjab and Maharashtra Co-operative (PMC) Bank, and promised to bring in legislative changes for upholding of their interests
PMC Bank scam: Police custody of former chairman Waryam Singh, Wadhawans of HDIL extended till 14 October
A court on Wednesday extended till October 14 the police custody of a former chairman of the Punjab and Maharashtra Cooperative (PMC) Bank and two directors of HDIL, arrested in connection with the alleged Rs 4,355 crore scam at the bank
PMC Bank scam: Shares of HDIL hit lower circuit, fall 4.73% on reports of EOW to include auditors in probe
Shares of HDIL extended its losses on Wednesday as it fell nearly 5 percent and hit its lower circuit limit after reports that Mumbai Police's Economic Offences Wing may include the auditors of the bankrupt company in the ongoing probe of PMC Bank scam
PMC Bank scam: Time to massively increase deposit insurance limit from present Rs 1 lakh, says SBI research report
The Punjab & Maharashtra Cooperative Bank (PMC) scam points to the urgent need to massively increase the depositor insurance cover from the present Rs 1 lakh, says a report
The police told the court that they need his custody to interrogate him as he was part of the conspiracy. However, Joy Thomas's lawyer argued that he is being made a "scapegoat".
Daily Bulletin: Amit Shah to visit Mizoram to build consensus on Citizenship Amendment Bill; Modi-Hasina to hold bilateral talks; day's top stories
BJP sources said the Shah would first inaugurate the Northeast Handloom and Handicraft Exhibition and hold a meeting with the chief minister and senior government officials.
PMC Bank scam: Economic offences wing arrests former MD Joy Thomas in connection with alleged Rs 4,355 cr scam
The Mumbai Police arrested Punjab Maharashtra Co-operative Bank's former managing director Joy Thomas on Friday