Punjab And Maharashtra Cooperative Bank

PMC bank scam: Rajneet Singh, former director and son of ex-BJP MLA Sardar Tara Singh, arrested by Mumbai Police

Besides being a director, Rajneet Singh is a member of the loan recovery committee of the Punjab and Maharashtra Cooperative (PMC) Bank

Govt mulls raising insurance cover on bank deposits to above Rs 1 lakh: Nirmala Sitharaman

Finance Minister Nirmala Sitharman on Friday said the government will bring legislations on raising insurance cover on bank deposits from the current Rs 1 lakh and regulating multi-state cooperative banks

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

Nobel laureate Abhijit Banerjee expresses worry about banking crisis; bats for aggressive changes

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 row: Mumbai man who lost money in scam-hit bank and job at Jet Airways dies of cardiac arrest

The man's father said they had a deposit of over Rs 90 lakh with the PMC Bank, and also a recurring deposit account for the children.

PMC Bank scam: Mumbai court sends former bank chairman Waryam Singh to police custody till 9 October

Waryam Singh (68), arrested by the Economic Offences Wing (EOW) of the Mumbai Police on Saturday from Mahim Church area, is the fourth person in police custody in connection with the PMC Bank case.

PMC Bank crisis: After arrest of HDIL promoters, ED raids 6 Mumbai locations, slap money laundering charge

The ED on Friday raided six locations in Mumbai and adjoining areas and registered a money laundering case to probe alleged fraud in the Punjab and Maharashtra Cooperative (PMC) Bank case, officials said

PMC Bank's suspended MD Joy Thomas blames 'superficial auditing' for mess; confesses to role of top management in crisis

Thomas' letter is part of the first information report (FIR) filed by the Economic Offence Wing of the Mumbai Police on Monday.

PMC Bank crisis: HDIL says loans taken after giving 'adequate security' cover; willing to discuss with bank to protect depositors' interest

Crisis-hit HDIL on Tuesday said that loans taken from banks including Punjab and Maharashtra Cooperative Bank were in normal course of business after providing adequate security cover and that it is ready to discuss with the bank to protect the interest of depositors