Punjab And Maharashtra Co-operative Bank

The Bombay High Court has asked the Maharashtra government to inform the court if any state-run hospital in Mumbai has "pacemaker implantation facility" that can be provided to businessman Rakesh Wadhawan accused of money laundering in the PMC Scam.

The Enforcement Directorate raided some of the premises linked to a Maharashtra MLA in connection with its money laundering probe in the alleged Rs 4,300 crore Punjab and Maharashtra Co-operative (PMC) Bank fraud case, official sources said.

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.

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.

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.

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...

The Delhi High Court on Friday asked the Centre, the RBI and others to file response plea seeking directions for redressal of certain aspects, including ensuring depositors' money blocked in the scam-hit Punjab and Maharashtra Co-operative (PMC) Bank and to frame guidelines to safeguard deposited money.

The Maharashtra government will explore the possibility of merging crisis-hit Punjab and Maharashtra Co-operative Bank (PMC) with other bank, Chief Minister Devendra Fadnavis has said.

The father-son promoters of crisis-hit real estate firm Housing Development and Infrastructure Ltd (HDIL) have been taken into custody by the Enforcement Directorate. A court in Mumbai has sent them to custody till October 22. The ED is questioning Rakesh Kumar Wadhawan and his son Sarang Wadhawan in an alleged money laundering case worth over Rs 4...

Depositors of the crisis-hit Punjab and Maharashtra Co-operative (PMC) Bank will have to stick to the withdrawal limit of Rs 40,000 for six months that was fixed by the Reserve Bank of India (RBI). A petition in the Supreme Court, seeking a bailout package and withdrawal of limit for depositors, filed by Delhi-based activist Bejon Kumar Misra was t...

Manmohan Singh, responding to Finance Minister Nirmala Sitharaman's comment blaming him for the bank crisis, said today that the government "is obsessed with trying to fix blame on its opponents" instead of finding solutions. The former Prime Minister also referred to the Punjab and Maharashtra Co-operative (PMC) bank crisis, which has impacted 16 ...

Highlights: Former Prime Minister Manmohan Singh is expected to address the media at MCA lounge, Wankhede stadium, in Mumbai today on the topic 'Words of Wisdom on Indian Economy'. He is expected to speak on the current economic condition and banking system, and likely to broach the subject of the recent Punjab and Maharashtra Co-operative (PMC) Ba...

The Congress party on Wednesday challenged Prime Minister Narendra Modi to show "courage" and announce the removal of cap on withdrawal of money by depositors of scam-hit Punjab and Maharashtra Co-operative (PMC) Bank.

A depositor of the troubled Punjab and Maharashtra Co-operative (PMC) Bank died of a cardiac arrest on Tuesday due to stress, his family in Mumbai has said.

The Enforcement Directorate on Thursday sealed an about 5-acre bungalow of a HDIL promoter near Mumbai in connection with its money laundering probe in the Punjab and Maharashtra Co-operative (PMC) bank case, officials said.

The Bombay High Court has asked the Maharashtra government to inform the court if any state-run hospital in Mumbai has "pacemaker implantation facility" that can be provided to businessman Rakesh Wadhawan accused of money laundering in the PMC Scam.

The Enforcement Directorate raided some of the premises linked to a Maharashtra MLA in connection with its money laundering probe in the alleged Rs 4,300 crore Punjab and Maharashtra Co-operative (PMC) Bank fraud case, official sources said.

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.

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.

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.

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...

The Delhi High Court on Friday asked the Centre, the RBI and others to file response plea seeking directions for redressal of certain aspects, including ensuring depositors' money blocked in the scam-hit Punjab and Maharashtra Co-operative (PMC) Bank and to frame guidelines to safeguard deposited money.

The Maharashtra government will explore the possibility of merging crisis-hit Punjab and Maharashtra Co-operative Bank (PMC) with other bank, Chief Minister Devendra Fadnavis has said.

The father-son promoters of crisis-hit real estate firm Housing Development and Infrastructure Ltd (HDIL) have been taken into custody by the Enforcement Directorate. A court in Mumbai has sent them to custody till October 22. The ED is questioning Rakesh Kumar Wadhawan and his son Sarang Wadhawan in an alleged money laundering case worth over Rs 4...

Depositors of the crisis-hit Punjab and Maharashtra Co-operative (PMC) Bank will have to stick to the withdrawal limit of Rs 40,000 for six months that was fixed by the Reserve Bank of India (RBI). A petition in the Supreme Court, seeking a bailout package and withdrawal of limit for depositors, filed by Delhi-based activist Bejon Kumar Misra was t...

Manmohan Singh, responding to Finance Minister Nirmala Sitharaman's comment blaming him for the bank crisis, said today that the government "is obsessed with trying to fix blame on its opponents" instead of finding solutions. The former Prime Minister also referred to the Punjab and Maharashtra Co-operative (PMC) bank crisis, which has impacted 16 ...

Highlights: Former Prime Minister Manmohan Singh is expected to address the media at MCA lounge, Wankhede stadium, in Mumbai today on the topic 'Words of Wisdom on Indian Economy'. He is expected to speak on the current economic condition and banking system, and likely to broach the subject of the recent Punjab and Maharashtra Co-operative (PMC) Ba...

The Congress party on Wednesday challenged Prime Minister Narendra Modi to show "courage" and announce the removal of cap on withdrawal of money by depositors of scam-hit Punjab and Maharashtra Co-operative (PMC) Bank.

A depositor of the troubled Punjab and Maharashtra Co-operative (PMC) Bank died of a cardiac arrest on Tuesday due to stress, his family in Mumbai has said.

The Enforcement Directorate on Thursday sealed an about 5-acre bungalow of a HDIL promoter near Mumbai in connection with its money laundering probe in the Punjab and Maharashtra Co-operative (PMC) bank case, officials said.