Pmc Bank Crisis
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PMC Bank Branches To Run As Unity Small Finance Bank Entities
All branches of the crisis-hit PMC Bank will now function as the branches of the Unity Small Finance Bank Ltd with the completion of the takeover
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RBI Extends Restrictions On PMC Bank Till March 31, 2022
Restrictions on Punjab and Maharashtra Cooperative Bank have been extended for another three months till March 31, 2022
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RBI Prepares Scheme For PMC, Unity Small Finance Bank Merger
The draft plan proposes USFB taking over the assets and liabilities of PMC Bank including deposits, which would provide protection to depositors
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RBI Grants Licence To Centrum-Bharatpe For Setting Up Small Finance Bank
Reserve Bank of India has granted licence to the Centrum Financial Services and BharatPe consortium to set up a small finance bank
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RBI Grants In-Principle Approval To Centrum Financial To Set Up Small Finance Bank
The Reserve Bank of India granted the in-principle-approval to Centrum Financial Services, to set up a small finance bank, paving the way for the acquisition of the scam-hit PMC Bank
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Lakshmi Vilas Bank's Financial Crisis Sparks Panic Among Customers
Mythili Krishnamoorthi is distraught - her family faces a medical emergency and requires a large sum of money. But all her savings are now under a withdrawal moratorium imposed by the Reserve Bank of India (RBI) on Lakshmi Vilas Bank. The Chennai resident is desperate for the banking regulator to approve her plea for exemption to withdraw up to Rs ...
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PMC Bank Withdrawal Limit Raised To Rs 1 Lakh Amid Coronavirus Crisis
RBI noted that with the relaxation in withdrawal limit, 84% of the depositors of the bank will be able to withdraw their entire account balance.
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Sharad Pawar Meets Anurag Thakur To Discuss Revival Of Scam-Hit PMC Bank
NCP chief Sharad Pawar on Monday met Union Minister of State for Finance Anurag Singh Thakur to discuss possibilities for the revival of the Punjab & Maharashtra Cooperative (PMC) Bank.
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PMC Bank Depositors' Concerns To Be Taken Up With RBI, Says Jayant Patil
The Maharashtra government will take up concerns of the troubled Punjab and Maharashtra Cooperative (PMC) Bank's depositors with the RBI in a couple of days, state minister Jayant Patil said on Thursday.
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Top PMC Officials Hid HDIL Accounts From System, RBI Tells Court
Senior officials of scam-hit Punjab & Maharashtra Cooperative Bank used special codes to hide hundreds of dummy loan accounts of HDIL, to which the bank had over 73 per cent of its loan exposure, the RBI informed the Bombay High Court on Tuesday.
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Congress Seeks Intervention Of PM's Office In Resolving PMC Bank Crisis
The Congress in Maharashtra on Tuesday sought intervention of the Prime Minister's Office (PMO) in resolving the Punjab and Maharashtra Cooperative (PMC) Bank crisis.
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RBI Says PMC Depositors Can Approach It For Emergency Withdrawals
Depositors of the crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank can approach the RBI-appointed administrator for withdrawal up to Rs 1 lakh in case of medical emergencies, the RBI told the Bombay High Court on Tuesday.
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No Funds For Kartarpur, Say Sikhs In Maharashtra Hit By PMC Bank Crisis
At least 1,950 Sikhs from Maharashtra could not go to Gurudwara Darbar Sahib in Pakistan after opening of the Kartarpur corridor as they are facing financial crunch due to a scam at the Punjab and Maharashtra Cooperative (PMC) Bank, a senior community leader claimed.
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74-Year-Old Thane Man Becomes 8th Victim In PMC Bank Crisis
Another depositor of the troubled cooperative lender PMC Bank has died allegedly due to an inability to take care of his medical bills, his family members said on Monday.
-
RBI Revamps Departments For Effective Supervision, Regulation Of Banking Sector
The banking sector has witnessed a series of scams, including about Rs 14,000 crore fraud in Punjab National Bank and the recent PMC Bank crisis that affected lakhs of depositors.
-
PMC Bank Branches To Run As Unity Small Finance Bank Entities
All branches of the crisis-hit PMC Bank will now function as the branches of the Unity Small Finance Bank Ltd with the completion of the takeover
-
RBI Extends Restrictions On PMC Bank Till March 31, 2022
Restrictions on Punjab and Maharashtra Cooperative Bank have been extended for another three months till March 31, 2022
-
RBI Prepares Scheme For PMC, Unity Small Finance Bank Merger
The draft plan proposes USFB taking over the assets and liabilities of PMC Bank including deposits, which would provide protection to depositors
-
RBI Grants Licence To Centrum-Bharatpe For Setting Up Small Finance Bank
Reserve Bank of India has granted licence to the Centrum Financial Services and BharatPe consortium to set up a small finance bank
-
RBI Grants In-Principle Approval To Centrum Financial To Set Up Small Finance Bank
The Reserve Bank of India granted the in-principle-approval to Centrum Financial Services, to set up a small finance bank, paving the way for the acquisition of the scam-hit PMC Bank
-
Lakshmi Vilas Bank's Financial Crisis Sparks Panic Among Customers
Mythili Krishnamoorthi is distraught - her family faces a medical emergency and requires a large sum of money. But all her savings are now under a withdrawal moratorium imposed by the Reserve Bank of India (RBI) on Lakshmi Vilas Bank. The Chennai resident is desperate for the banking regulator to approve her plea for exemption to withdraw up to Rs ...
-
PMC Bank Withdrawal Limit Raised To Rs 1 Lakh Amid Coronavirus Crisis
RBI noted that with the relaxation in withdrawal limit, 84% of the depositors of the bank will be able to withdraw their entire account balance.
-
Sharad Pawar Meets Anurag Thakur To Discuss Revival Of Scam-Hit PMC Bank
NCP chief Sharad Pawar on Monday met Union Minister of State for Finance Anurag Singh Thakur to discuss possibilities for the revival of the Punjab & Maharashtra Cooperative (PMC) Bank.
-
PMC Bank Depositors' Concerns To Be Taken Up With RBI, Says Jayant Patil
The Maharashtra government will take up concerns of the troubled Punjab and Maharashtra Cooperative (PMC) Bank's depositors with the RBI in a couple of days, state minister Jayant Patil said on Thursday.
-
Top PMC Officials Hid HDIL Accounts From System, RBI Tells Court
Senior officials of scam-hit Punjab & Maharashtra Cooperative Bank used special codes to hide hundreds of dummy loan accounts of HDIL, to which the bank had over 73 per cent of its loan exposure, the RBI informed the Bombay High Court on Tuesday.
-
Congress Seeks Intervention Of PM's Office In Resolving PMC Bank Crisis
The Congress in Maharashtra on Tuesday sought intervention of the Prime Minister's Office (PMO) in resolving the Punjab and Maharashtra Cooperative (PMC) Bank crisis.
-
RBI Says PMC Depositors Can Approach It For Emergency Withdrawals
Depositors of the crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank can approach the RBI-appointed administrator for withdrawal up to Rs 1 lakh in case of medical emergencies, the RBI told the Bombay High Court on Tuesday.
-
No Funds For Kartarpur, Say Sikhs In Maharashtra Hit By PMC Bank Crisis
At least 1,950 Sikhs from Maharashtra could not go to Gurudwara Darbar Sahib in Pakistan after opening of the Kartarpur corridor as they are facing financial crunch due to a scam at the Punjab and Maharashtra Cooperative (PMC) Bank, a senior community leader claimed.
-
74-Year-Old Thane Man Becomes 8th Victim In PMC Bank Crisis
Another depositor of the troubled cooperative lender PMC Bank has died allegedly due to an inability to take care of his medical bills, his family members said on Monday.
-
RBI Revamps Departments For Effective Supervision, Regulation Of Banking Sector
The banking sector has witnessed a series of scams, including about Rs 14,000 crore fraud in Punjab National Bank and the recent PMC Bank crisis that affected lakhs of depositors.
