PMC Bank

ED arrests Yes Bank co-founder Rana Kapoor in fresh money laundering case

In the latest case, sources said, Rana Kapoor was placed under arrest in jail as per provisions of the Prevention of Money Laundering Act.

published on : 27th January 2021

PMC Bank fraud: Enforcement Directorate arrests two after raids against Maharashtra MLA

Mehul Thakur, managing director of the Viva Group, and Gopal Chaturvedi, a chartered accountant, were arrested under sections of the Prevention of Money Laundering Act after the raids.

published on : 23rd January 2021

ED summons Sanjay Raut's wife again in PMC Bank money laundering case

Varsha Raut was grilled and her statement recorded under the Prevention of Money Laundering Act by the central probe agency for the first time on January 4 at its office here.

published on : 6th January 2021

Allowed PMC bank to approve requests for withdrawal on hardship grounds to avoid delays in disbursal: RBI tells court

The PMC Bank has been put under restrictions, including limiting withdrawals, by the RBI, following the unearthing of a Rs 4,355-crore scam.

published on : 1st January 2021

Shiv Sena leader Sanjay Raut's wife again skips ED questioning in PMC bank money laundering case

The ED wants to question Varsha Raut with regard to a transaction of about Rs 55 lakh with the wife of a person who is accused in the PMC Bank alleged fraud case.

published on : 29th December 2020

ED is BJP tool to topple Aghadi: Raut: Sanjay Raut

The ED summoned Varsha Raut for questioning in the PMC Bank money laundering case on December 29, officials said.

published on : 28th December 2020

Now, Sanjay Raut's wife Varsha summoned by ED in PMC Bank case

However, Sanjay Raut in his Rajya Sabha election affidavit had mentioned that Pravin Raut had sent some amount to Varsha Raut, as part of a loan.

published on : 27th December 2020

HC pulls up RBI for leaving it to PMC bank to decide depositors requests for money in emergencies

Punjab and Maharashtra Cooperative Bank has been put under restrictions, including limiting withdrawals, by the RBI, following the unearthing of a Rs 4,355-crore scam.

published on : 1st December 2020

PMC Bank scam: Arrested auditor seeks bail

A bank auditor arrested in connection with the over Rs 4000-crore PMC Bank scam moved a bail application in the sessions court.

published on : 7th November 2020

Fraud-hit PMC Bank seeks potential investors for bailout, invites EoI by December 15 

Eligible suitors have been asked to submit the EoI latest by December 15. All financial institutions, including banks, NBFCs, microfinance institutions and others, are free to apply. 

published on : 3rd November 2020

One year later, PMC Bank depositors still struggling to get their hard-earned money back

Exactly one year ago, on September 23, 2019, the Reserve Bank of India had superseded the board of the multi-state urban cooperative bank and placed it under various regulatory restrictions.

published on : 23rd September 2020

Banking Amendment Bill will protect interests of depositors, assures FM Sitharaman

The Bill will allow the Reserve Bank of India (RBI) to undertake amalgamation or reconstruction of a bank without placing it under a moratorium.

published on : 23rd September 2020

Fraud-hit PMC Bank gets new administrator

PMC bank and RBI are continuing to engage with the stakeholders to explore the possibility of finding a viable and workable solution for the resolution of the bank,” it said.

published on : 23rd September 2020

PMC Bank PMLA case: ED attaches three hotels in Delhi worth Rs 100 crore

The three hotels have been identified by the agency as the Fab Hotels group and are located in Kailash Colony, East of Kailash and Kalkaji areas of the national capital.

published on : 19th September 2020

A year later, depositors of PMC bank continue to struggle

After consumers moved the court, on May 28, the court had asked the Centre, the RBI and PMC to solve the difficulties faced by the depositors and requested raising the withdrawal limit.

published on : 27th August 2020
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