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 IST
PMC 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 IST
Special 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 IST
RBI increases PMC account withdrawal limit to Rs 1 lakh, extends restrictions by 6 months
In a big relief for hundreds of its account holders, the Reserve Bank of India on Friday increased the withdrawal limit for depositors at the crisis-hit Punjab and Maharashtra Cooperative Bank (PMC Bank) to Rs 1 lakh from Rs 50,000.
Jun 19, 2020, 19:20 PM IST
RBI's draft norms on prudential exposure limits for cooperative banks issued
The Reserve Bank of India (RBI) on Monday (December 30) released a draft circular on limits on exposure to single and group borrowers/parties, large exposures and revision in priority sector lending targets for primary (urban) co-operative banks (UCBs) for feedback and suggestions.
Dec 30, 2019, 21:05 PM IST
ED 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 IST
Former Punjab and Maharashtra Cooperative Bank director Surjit Singh Arora arrested by Mumbai Police
Surjit Singh Arora is the owner of Mini Punjab and he was associated with PMC Bank for over 10 years.
Oct 16, 2019, 20:05 PM IST
PMC Bank scam: Ex-chairman Wariyam Singh owns properties worth several crores
Former chairman of PMC Bank Wariyam Singh, who is currently in police custody, has bought a plot of land worth Rs 2,500 in Mumbai's posh Juhu area using depositor's money.
Oct 14, 2019, 23:08 PM IST
Joy Thomas, former MD of PMC bank, arrested by Mumbai Police's Economic Offence Wing
The Mumbai Police's Economic Offence Wing (EOW) on Friday arrested Joy Thomas, the former managing director (MD) of the Punjab and Maharashtra Cooperative (PMC) Bank, in the ongoing scam case. On September 28, the suspended MD had admitted that the bank did not report the financial exposure to the Reserve Bank of India (RBI) for over six years.
Oct 04, 2019, 18:58 PM IST
PMC Bank account holder can withdraw Rs 25,000 in six months as RBI enhances limit
RBI Chief General Manager Yogesh Dayal in a press release stated that the decision has been taken after reviewing PMC Bank's liquidity position and in order to reduce the hardships faced by the depositors.
Oct 03, 2019, 20:58 PM IST
HDIL's Sarang Wadhawan, Rakesh Wadhawan arrested in PMC Bank scam
Out of the 44 bank accounts responsible for not paying back the huge loans taken from PMC Bank, 10 belonged to HDIL and the Wadhawans. Out of the 10 bank accounts, Sarang and Rakesh had one personal account each.
Oct 03, 2019, 17:53 PM IST
Finance Minister Nirmala Sitharaman urges Punjab & Maharashtra Cooperative Bank account holder to not say 'extreme things'
On September 23, the Reserve Bank of India had imposed regulatory restrictions on the PMC Bank for six months over alleged financial irregularities.
Oct 01, 2019, 10:43 AM IST
