PMC BANK CRISIS
Will discuss PMC Bank issue with PM: Devendra Fadnavis tells depositors
Aggrieved depositors put forth their woes to the CM, who gave them a patient hearing, but said he could not give them any assurance as the model code of conduct was in force.
Customers file police complaint against PMC Bank's officials
A delegation of account-holders went to Sion police station in central Mumbai an...
Ghost accounts at PMC routed HDIL loans
Four officials flagged off the crisis which compelled suspended MD Joy Thomas to come clean.
The Co-op crisis: How 1,500-odd urban cooperative banks are being run and regulated
Crisis at PMC Bank puts a question mark on how the 1,500-odd urban cooperative banks are being run.
Eight Sikhs on PMC board banned by community
The 8, including chairman Waryam Singh and vice-chairman Balbir Singh Kochhar, have been stripped of memberships of gurdwaras.
SC refuses to entertain plea seeking relief from RBI's money withdrawal limit for PMC bank depositors
The plea had sought directions to protect the interests of around 15 lakh customers whose money is blocked in the Punjab and Maharashtra Co-operative Bank scam. The RBI had put the initial cap on withdrawal at Rs. 1,000 and later increased to Rs. 40,000.
Deposit cover should be doubled: SBI Report
The current limit for deposit cover in case of a bank failure to repay depositors of Rs one lakh per depositor was last revised in 1993.
Ex-MD of PMC Bank, Joy Thomas, arrested by Mumbai Police
On Thursday, EOW had arrested HDIL directors Rakesh Wadhawan and his son Sarang Wadhawan in the case.
A cooperative run by RBI officers is stuck in the middle of the PMC bank snafu
The Reserve Bank of India Officers' Co-op Credit Society, the report claims, has its biggest FD with PMC Bank.
Mumbai: Crores of housing society funds locked in PMC Bank
The Model Bye-Laws stipulate that housing societies must open a bank account in the nearest state or district central cooperative bank.
Money stuck for over a month, PMC Bank depositors stare at uncertain future
Depositors fear they may lose their lifetime earnings. Three have died so far, apparently due to the crisis.
PMC says has enough liquidity, depositors' money fully safe
RBI superseded the bank's management and placed it under an administrator for the next 6 months.
PMC Bank scam: Ex-director sent in police custody till Oct 22
PMC Bank's former director Surjit Singh Arora was arrested by the Mumbai Police's EOW wing and sent to police custody till October 22. Arora was arrested by the investigating agency for questioning in connection with the alleged Rs 4,355 crore scam.
History behind, Das-led RBI charts new trails sans acrimony
Even as it eased the rates, the RBI slashed growth estimates by an unprecedented 240 basis points since the rate cutting cycle began in February to a low of 5 per cent. The central bank's youngest Deputy Governor ever -- Viral Acharya -- quit six months before his three-year term was to end in June 2019.
SC to hear on Friday plea seeking interim protective measures for insuring PMC Bank customers
The petition has sought a direction for issuance of "exhaustive and comprehensive guideline" to safeguard the banking and co-operative deposits to mitigate panic and distress among the depositors in the scam-hit PMC Bank.
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