Pmc Bank News
The EOW has arrested five persons in the Rs 4,355-crore PMC Bank scam, including HDIL's Wadhawans and the bank's former chairman Waryam Singh and former managing director Joy Thomas.
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
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
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: Major relief for depositors as RBI asks Mumbai Police to release attached assets for auction
On Wednesday, depositors of the PMC Bank protested in Mumbai seeking an immediate payback of their dues from the troubled cooperative.
Depositors of the PMC Bank on Wednesday protested in the financial capital, seeking an immediate payback of their dues from the troubled cooperative
Daily Bulletin: Maharashtra BJP to meet today on govt formation; Delhi air quality dips to 'severe' category; day's top stories
Daily Bulletin: Maharashtra BJP's legislature party to meet; P Chidambaram's ED custody ends, to be presented before Rouse Avenue Court, PMC bank customers to hold protest march in Mumbai, Manchester United face Chelsea challenge; day's top stories
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
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
Nobel laureate Abhijit Banerjee on Tuesday flagged concerns about the banking crisis in India and called for aggressive changes to deal with the situation
PMC Bank scam: Yet another stressed depositor of crisis-hit bank dies in Maharashtra; toll rises to five
Sadarangani was reportedly worried about her family’s future as her daughter and son-in-law have deposits in the PMC Bank worth Rs 2.5 crore.
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
Infosys accounting probe: Case may be overblown, but it's an opportunity to fix corporate governance, whistleblower norms
Infosys is considered as a bellwether not just for India's emergence as a strong economy in a globalised era in a pioneering export sector, but also for corporate governance and disclosures wore on the sleeves by its iconic founder, NR Narayana Murthy.
After the image started circulating on social media, HDFC Bank spokesperson has clarified that this is part of the mandatory RBI guidelines.
Scam-hit HDIL appoints property consultant Knight Frank to value 40 land assets valued at Rs 8,000 cr
HDIL sources said "the current value of the 18 valued properties will cross over 3,500 crore, while other 22 properties would be another Rs 4,000 crore."
Setback for PMC Bank depositors: Supreme Court refuses to entertain PIL seeking relief, asks petitioners to approach high court
The PIL was filed by Bijon Mishra, who has sought the full protection of over 15 lakh affected PMC bank customers and 100 percent insurance cover over their savings with the institution
PMC Bank scam: Five prime accused involved in fraud behind bars now, about Rs 4,000 cr assets seized; all you need to know
PMC Bank is under regulatory restriction since 23 September after the RBI found that financial irregularities at the bank.
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