PMC Bank

Forensic audit on PMC scam expected by month-end: Reserve Bank governor Shaktikanta Das

The RBI has also given its suggestions on changes in regulations that are required for regulating the cooperative bank sector better.

published on : 5th December 2019

Mumbai Police arrests three directors of PMC Bank

Jagdish Mookhey, Mukti Bavisi and Trupti Bane were arrested following extensive interrogation in connection with credit facilities provided by the bank to HDIL.

published on : 3rd December 2019

78 per cent depositors of PMC Bank can withdraw entire deposits: Nirmala Sitharaman

The minister said steps are being taken to seize properties of promoters of the PMC Bank, auction such properties and repay depositors with the money obtained.

published on : 2nd December 2019

PMC scam: Court gives nod to sell two jets, yacht of Wadhawans

Chief Metropolitan Magistrate R K Rajebhosale on Monday allowed the sale of two aircraft- Falcon 2000 (VT-HDL) and Challenger 300 (VT-PIL)- and one yatch (Ferreti 881 HT).

published on : 27th November 2019

Seeking their money, PMC Bank depositors protest again

At the protest outside the RBI on Saturday, the depositors had warned to intensify their demands after the elections are over.

published on : 26th November 2019

Top PMC officials hid HDIL accounts from system: RBI to Bombay HC

The regulator said these few employees used an access code to hide and restrict the visibility of these dummy accounts of the reality developer.

published on : 20th November 2019

Congress seeks intervention of PMO in resolving PMC bank crisis

A delegation of leaders of the Mumbai Congress, led by city unit president Eknath Gaikwad, met with Maharashtra Governor Bhagat Singh Koshyari and submitted a memorandum of demands to him.

published on : 19th November 2019

PMC bank depositors can approach administrator for emergency withdrawals: RBI tells Bombay HC

On September 23, the RBI had imposed regulatory restrictions on the PMC Bank for six months over alleged financial irregularities.

published on : 19th November 2019

PMC Bank scam: EOW conducts search at Rajneet Singh's flat

With the arrest of Rajneet Singh, a total of nine persons has been arrested in connection with the alleged Rs 4355- crore PMC bank scam.

published on : 17th November 2019

BJP leader Sardar Tara Singh's son nabbed in PMC Bank scam

Rajneet Singh was a director of the bank and is the son of senior state BJP leader Sardar Tara Singh, a former legislator from Mulund.

published on : 17th November 2019

Another auditor arrested in PMC Bank scam

Earlier, the EOW had arrested three top bank officials and two promoters of HDIL -- Rakesh and Sarang Wadhawan -- in the scam.

published on : 13th November 2019

PMC Bank scam: Maharashtra Sikhs unable to go on Kartarpur pilgrimage due to lack of money

Nearly 2,000 Sikhs most of whom have accounts in PMC Bank wanted to go to Gurdwara Darbar Sahib but most of them couldn't due to lack of money.

published on : 11th November 2019

Closely monitoring situation at PMC Bank; forensic audit underway: RBI Governor

PMC Bank was placed under an RBI administrator on September 23 for six months due to massive under-reporting of dud loans.

published on : 7th November 2019

PMC depositors gather outside RBI Delhi, demand assurance from central bank

Taranjit Singh (33) said at least a representative from the RBI should assure them that the deposited amount will be returned in a given time frame.

published on : 6th November 2019

RBI raises withdrawal limit for PMC bank depositors to Rs 50,000

The RBI also allowed the depositors of the bank to withdraw from the bank's own ATMs within the prescribed limit of Rs 50,000, which will further ease process of withdrawals.

published on : 5th November 2019
1 2 3 4 5 6 >