Punjab And Maharashtra Co Operative Bank

PMC scam: Reserve Bank of India increases withdrawal limit for depositors to Rs 25,000 per account

RBI on Thursday increased the withdrawal limits for depositors of the scam-hit Punjab & Maharashtra Cooperative Bank to Rs 25,000

PMC Bank crisis: Police complaint reveals scam-hit Bank created over 21,000 fake accounts to hide loans

The police complaint accuses the bank’s management of concealing non-performing assets and disbursing loans leading to a loss of at least Rs 4,355.46 crore

PMC Bank crisis: Economic Offences Wing files case against bank management, promoters of HDIL; SIT to probe case

The bank, which has 137 branches and over Rs 11,000 crore in deposits, has been put under restrictions since last week after the RBI discovered certain financial irregularities in the functioning of the multi-state lender.