RBI extends restrictions on PMC Bank for 3 months till March 2022
The restrictions have been extended several times since then. The directions were last extended in June this year and are in place till December 31.
Dec 28, 2021, 22:07 PM ISTPMC Bank fraud case: SC refuses to entertain bail plea of Rakesh Wadhawan, asks him to approach HC
A bench comprising Chief Justice N V Ramana and Justices Surya Kant and Hima Kohli permitted senior advocate Mukul Rohatgi, appearing for Wadhawan, to withdraw the bail plea to approach the high court.
Dec 03, 2021, 14:17 PM ISTPMC Bank Customers, Alert! You won’t get Rs 5 lakh deposit cover in first lot, here’s why
PMC Bank customers won’t get the Rs 5 lakh insurance cover in the first lot.
Oct 31, 2021, 16:27 PM ISTPMC Bank scam: ED attaches HDIL Group’s shares worth Rs 233 crore
Enforcement Directorate has attached partly paid Compulsorily Convertible Preference shares of HDIL group companies totalling Rs 233 crore under the provisions of Prevention of Money Laundering Act 2002 in PMC bank scam.
Sep 02, 2021, 19:16 PM ISTGood news! PMC Bank depositors to get up to Rs 5 lakh back from Nov 30 as govt takes THIS move
The benefit will also accrue to the depositors of 23 cooperative banks which are under financial stress and on which the Reserve Bank of India (RBI) has imposed certain restrictions. DICGC, a wholly-owned subsidiary of the RBI, provides insurance cover on bank deposits.
Aug 31, 2021, 08:33 AM ISTSanjay Raut's wife Varsha will not appear before ED for hearing today
Shiv Sena MP Sanjay Raut's wife Varsha will not appear before the ED for hearing today. Sanjay Raut said that she has asked some time for that.
Dec 29, 2020, 11:34 AM ISTPMC Bank scam: Delhi HC seeks response of Centre, RBI on plea seeking release of Rs 5 lakh to depositors
PMC Bank has been put under restrictions by the RBI, following the unearthing of a Rs 4,355-crore scam.
Jul 21, 2020, 16:28 PM ISTSpecial PMLA court rejects bail pleas of HDIL's Sarang Wadhawan, Rakesh Wadhawan in PMC Bank scam
The case is being probe by Enforcement Directorate, along with Economic Offences Wing of Mumbai police.
Jul 14, 2020, 16:30 PM ISTSC stays release of HDIL directors from Mumbai jail in PMC Bank scam case
The Supreme Court (SC) on Thursday stayed the release of Housing Development Infrastructure Ltd (HDIL) directors, Rakesh Wadhawan and Sarang Wadhawan, from Mumbai jail in Punjab and Maharashtra Cooperative (PMC) Bank scam case. The duo is accused in the case.
Jan 16, 2020, 12:48 PM ISTED files chargesheet in PMC Bank scam, names HDIL promoters as accused
The Enforcement Directorate (ED) has also named former Managing Director of PMC Bank, Joy Thomas, and former PMC Bank Chairman Waryam Singh as accused in multi-crore PMC Bank scam.
Dec 16, 2019, 17:30 PM ISTDelegation of PMC bank depositors meets Uddhav Thackeray
In September, the RBI had imposed regulatory restrictions on the PMC Bank for six months over alleged financial irregularities. The RBI had asked the bank not to grant or renew any loans and advances, make any investment or incur any liability, including borrower of funds and acceptance of fresh deposits.
Dec 16, 2019, 00:02 AM ISTMaharashtra government suggests merger of crisis hit-PMC Bank with MSC Bank
Jayant Patil said the Udhav Thackeray government is ready to extend financial assistance, besides holding talks with the Reserve Bank of India (RBI) on the issue of merger.
Dec 05, 2019, 16:58 PM ISTPMC Bank scam: RBI says progressively relaxing withdrawal limit
Referring to the problems of the PMC Bank depositors who have been agitating since the nearly two months, the court observed that while it would not interfere in the matter, advising the depositors to approach and convince the RBI-appointed Administrator for all their special needs
Nov 19, 2019, 19:00 PM ISTMumbai: EOW arrests former PMC Bank director
A former director of PMC Bank was arrested by the Economic Offence Wing (EOW) of the Mumbai Police here on Saturday. The arrested director, identified as Rajneet Singh, is the son of former BJP MLA Tara Singh. Earlier on November 11, the EOW had arrested two auditors in connection with the multi-crore Punjab and Maharashtra Co-operative (PMC) Bank scam.
Nov 16, 2019, 22:19 PM ISTPMC Bank crisis: RBI raises withdrawal limit for account holders to Rs 50,000
Reserve Bank of India (RBI) on Tuesday enhanced withdrawal limit for depositors of Punjab and Maharashtra Cooperative (PMC) Bank Ltd to Rs 50,000. Earlier on October 14, the central bank had permitted the depositors of PMC Bank to withdraw up to Rs 40,000 of the total balance in their accounts.
Nov 05, 2019, 18:42 PM ISTEmployees' money in Uttar Pradesh invested in Mirchi-linked firm of Wadhawans
Uttar Pradesh government has initiated a vigilance probe into the matter. He further said that General Manager of the Power Sector Employees Trust, P.K. Gupta has been suspended, said, Principal Secretary (Energy) Alok Kumar.
Nov 02, 2019, 08:42 AM ISTAnother PMC Bank depositor dies in Mumbai
Sixty-eight -year-old Keshmul Hinduja was admitted to hospital after he complained of chest pain on October 29. He died of a heart attack the next day, his daughter said. She also claimed that Hinduja did not have any ailment and used to run a grocery shop in Mumbai's Mulund area. However, after the PMC Bank scam came into light, he was under stress.
Oct 31, 2019, 15:00 PM ISTOn Dhanteras, women depositors of scam-hit PMC Bank hold protest in Mumbai
Several women depositors of crisis-hit Punjab and Maharashtra Co-operative (PMC) Bank on Friday staged a protest in West Mumbai's Andheri. The women protestors raised slogans carrying placards which read "Where is the money on Dhanteras" and "Black Diwali, Thank you RBI".
Oct 25, 2019, 13:38 PM ISTPMC Bank customers can now withdraw up to Rs 1 lakh in case of medical emergency
The PMC Bank account holders have also been allowed to withdraw Rs 50,000 extra for marriage, education and expenses related to senior citizens. BJP Maharashtra unit vice-president Kirit Somaiya also tweeted about the enhanced withdrawal limit on Wednesday.
Oct 23, 2019, 12:40 PM ISTPMC Bank scam: 80-year-old depositor dies after being unable to withdraw money for heart surgery
The victim, identified as Murlidhar Dhara, was a resident of Mulund Colony in Mumbai. He was suffering from a heart-related ailment for a long time and was to undergo bypass surgery.
Oct 19, 2019, 10:34 AM IST