Pmc Bank Depositors
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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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Centre Passes Bill To Provide Support To Depositors Of Stressed Banks
The Bill proposes that even if a bank is temporarily unable to fulfil its obligations due to restrictions such as moratorium, depositors can access their deposits to the extent of the deposit insurance cover through interim payments by the Deposit Insurance and Credit Guarantee Corporation.
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Depositors Of Crisis-Hit Banks Protest Again In Bengaluru
Depositors of the crisis-hit Sri Guru Raghavendra Bank and Punjab and Maharashtra Co-operative Bank (PMC) were out protesting on the streets of Bengaluru on Wednesday.
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One Year Later, PMC Bank Depositors Still Struggling
Exactly one year ago, on September 23, 2019, the Reserve Bank of India had superseded the board of the multi-state urban cooperative bank.
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Beleaguered Banks' Depositors Protest "Inaction" At Bengaluru RBI Office
A year since India's central bank imposed regulatory restrictions on the PMC Bank, its depositors and those of beleaguered Sri Gururaghavendra Cooperative Bank protested near the RBI (Reserve Bank of India) headquarters in Bengaluru this morning demanding intervention to withdraw all their money, which is stuck in these financial institutions.
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In Absence Of Funds, PMC Bank Depositors Survive On Loans, Charity
Withdrawal cap has left many of PMC's over 900,000 depositors in deep difficulty, with some struggling to clear loans and others depending on friends for their groceries.
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Centre, RBI's Reply Sought Over Plea To Release Rs 5 Lakh To PMC Bank Depositors
The Delhi High Court today asked the Centre and the RBI to respond to a plea seeking release of up to Rs 5 lakh to depositors of the scam-hit Punjab and Maharashtra Cooperative (PMC) Bank Ltd to help them address health issues during the prevalent COVID-19 pandemic.
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Over 1,500 Cooperative Banks To Be Brought Under RBI's Supervision
In India, there are 1,482 urban cooperative banks and 58 multi-state co-operative banks with a depositors base of about 8.60 crore
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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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After RBI Order On Bengaluru Bank, Tejasvi Surya's 'No Panic' Tweet
BJP MP Tejasvi Surya has sought to calm down panicked depositors of a co-operative bank in Bengaluru after the Reserve Bank of India (RBI) restricted the bank from doing business with immediate effect and capped withdrawal limit at Rs 35,000.
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PMC Bank Scam: Delegation Of PMC Bank Depositors Meets Uddhav Thackeray
A delegation of Punjab and Maharashtra Co-operative (PMC) Bank depositors met Maharashtra Chief Minister Uddhav Thackeray at his residence Matoshree in Maharashtra capital Mumbai on Sunday.
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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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Have Suggested Merger Of Troubled PMC Bank: Maharashtra Minister
The Maharashtra government has suggested the merger of the scam-hit Punjab & Maharashtra Cooperative (PMC) Bank with the MSC Bank in an attempt to provide relief to depositors of the troubled lender, state minister Jayant Patil said on Thursday.
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78% PMC Bank Depositors Can Withdraw Entire Amount: Nirmala Sitharaman
In October, police alleged that Punjab and Maharashtra Co-operative Bank (PMC) had used more than 21,000 fictitious accounts to hide loans it made to a single real estate firm. The Economic Offences Wing (EOW) of Mumbai Police has made a number of arrests in connection with the alleged Rs 4,355-crore PMC Bank scam, including its former chairman War...
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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.
-
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
-
Centre Passes Bill To Provide Support To Depositors Of Stressed Banks
The Bill proposes that even if a bank is temporarily unable to fulfil its obligations due to restrictions such as moratorium, depositors can access their deposits to the extent of the deposit insurance cover through interim payments by the Deposit Insurance and Credit Guarantee Corporation.
-
Depositors Of Crisis-Hit Banks Protest Again In Bengaluru
Depositors of the crisis-hit Sri Guru Raghavendra Bank and Punjab and Maharashtra Co-operative Bank (PMC) were out protesting on the streets of Bengaluru on Wednesday.
-
One Year Later, PMC Bank Depositors Still Struggling
Exactly one year ago, on September 23, 2019, the Reserve Bank of India had superseded the board of the multi-state urban cooperative bank.
-
Beleaguered Banks' Depositors Protest "Inaction" At Bengaluru RBI Office
A year since India's central bank imposed regulatory restrictions on the PMC Bank, its depositors and those of beleaguered Sri Gururaghavendra Cooperative Bank protested near the RBI (Reserve Bank of India) headquarters in Bengaluru this morning demanding intervention to withdraw all their money, which is stuck in these financial institutions.
-
In Absence Of Funds, PMC Bank Depositors Survive On Loans, Charity
Withdrawal cap has left many of PMC's over 900,000 depositors in deep difficulty, with some struggling to clear loans and others depending on friends for their groceries.
-
Centre, RBI's Reply Sought Over Plea To Release Rs 5 Lakh To PMC Bank Depositors
The Delhi High Court today asked the Centre and the RBI to respond to a plea seeking release of up to Rs 5 lakh to depositors of the scam-hit Punjab and Maharashtra Cooperative (PMC) Bank Ltd to help them address health issues during the prevalent COVID-19 pandemic.
-
Over 1,500 Cooperative Banks To Be Brought Under RBI's Supervision
In India, there are 1,482 urban cooperative banks and 58 multi-state co-operative banks with a depositors base of about 8.60 crore
-
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.
-
After RBI Order On Bengaluru Bank, Tejasvi Surya's 'No Panic' Tweet
BJP MP Tejasvi Surya has sought to calm down panicked depositors of a co-operative bank in Bengaluru after the Reserve Bank of India (RBI) restricted the bank from doing business with immediate effect and capped withdrawal limit at Rs 35,000.
-
PMC Bank Scam: Delegation Of PMC Bank Depositors Meets Uddhav Thackeray
A delegation of Punjab and Maharashtra Co-operative (PMC) Bank depositors met Maharashtra Chief Minister Uddhav Thackeray at his residence Matoshree in Maharashtra capital Mumbai on Sunday.
-
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.
-
Have Suggested Merger Of Troubled PMC Bank: Maharashtra Minister
The Maharashtra government has suggested the merger of the scam-hit Punjab & Maharashtra Cooperative (PMC) Bank with the MSC Bank in an attempt to provide relief to depositors of the troubled lender, state minister Jayant Patil said on Thursday.
-
78% PMC Bank Depositors Can Withdraw Entire Amount: Nirmala Sitharaman
In October, police alleged that Punjab and Maharashtra Co-operative Bank (PMC) had used more than 21,000 fictitious accounts to hide loans it made to a single real estate firm. The Economic Offences Wing (EOW) of Mumbai Police has made a number of arrests in connection with the alleged Rs 4,355-crore PMC Bank scam, including its former chairman War...
-
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.
