Punjab and Maharashtra Cooperative

Depositors of stressed banks to get up to Rs 5 lakh back from November 30

There have been numerous recent cases of lenders, especially cooperative banks, being unable to fulfil their obligations towards the depositors despite monitoring by the union government and RBI.

published on : 30th August 2021

RBI extends regulatory restrictions on PMC Bank till December to enable completion of its takeover

Paving the way for takeover of the crisis-ridden bank, the RBI had earlier in the month granted in-principle approval to Centrum Financial Services to set up a small finance bank (SFB).

published on : 25th June 2021