SEARCHED FOR:PMC BANK SCAM
PMC Bank scam: Arrested auditor seeks bail
In her bail plea filed through advocate Shriganesh Sawalkar, Kirdat claimed she had not committed any crime and had been unnecessarily implicated in the case.
HC pulls up RBI for leaving it to PMC bank to decide depositors requests for money in emergencies
Punjab and Maharashtra Cooperative Bank has...
Scam-hit PMC Bank invites EoI from potential investors for reconstruction
Subsequent to commencement of the normal day-to-day operations, it ...
One year later, PMC Bank depositors still struggling to get their money back
PMC Bank depositors have spent the last one year holding protests, meeting politicians, writing to various authorities in an effort to get their hard-earned money back.
View: With Lakshmi Vilas Bank, India is finally getting a bank rescue right
The moth-eaten LVB will cease to exist, its equity completely wiped out. Only its deposits will appear on the books of the India unit of DBS Group Holdings Ltd., Singapore’s biggest bank.
Mumbai court strikes down Rakesh Wadhawan's bail plea in Rs 4,335-crore PMC Bank scam case
Housing Development and Infrastructure Ltd (HDIL) promoters Rakesh Wadhawan, his son Sarang and others are accused in the Rs 4,355-crore PMC Bank scam which surfaced in September last year.
Withdrawal limit of Rs 1L on PMC bank can't be increased due to lack of liquidity: RBI
It also told a bench of Chief Justice D N Patel and Justice Prateek Jalan that the insurance cover of Rs five lakh being provided to each depositor by the Deposit Insurance and Credit Guarantee Corporation (DICGC) -- a wholly owned subsidiary of RBI -- would be applicable only on cancellation of license of the bank which is not the case presently.
PMC bank: Wadhawans bail rejected, offence grave says court
The Wadhawan duo are accused in the multi-crore rupee Punjab & Maharashtra Cooperative (PMC) Bank scam case.
Three more arrested in PMC Bank scam
According to the plea, the scam impacted the livelihood of thousands of business owners and individual account-holders, and if Waryam Singh, former chairman of the bank, was given bail without hearing them, it will cause "irreparable" harm to their interests. The bank management also concealed from the regulators' scrutiny huge loan defaults by HDIL group firms.
No bail for PMC Bank scam accused
Banwait was arrested in March by the Economic Offences Wing (EOW) of the Mumbai Police in connection with the alleged scam at the PMC Bank.
Plea to release Rs 5 lakh to PMC bank depositors; Delhi HC seeks Centre, RBI stand
A bench of Chief Justice D N Patel and Justice Prateek Jalan issued notice to the Finance Ministry, Reserve Bank of India and PMC Bank seeking their stand on the application moved by consumer rights activist Bejon Kumar Misra.
HC queries Centre, RBI on different treatment to PMC Bank depositors vis-a-vis Yes Bank
The court noted that as per a March notification issued by the Centre, the RBI as well as the central government had a crucial role to play in the decision taken to permit, firstly, the Yes Bank Limited Reconstruction Scheme 2020 being brought into play and, secondly, to have it funded.
President promulgates ordinance to bring co-operative banks under RBI supervision
The Ordinance amends the Banking Regulation Act, 1949 as applicable to cooperative banks, an official statement said on Saturday. The amendments do not affect existing powers of the State Registrars of Co-operative Societies under state co-operative laws, it added.
Indian Parliament passes bill to bring cooperative banks under RBI's supervision
The Banking Regulation (Amendment) Bill, 2020, which replaces an ordinance that was promulgated on June 26, was passed by a voice vote in Rajya Sabha. The amendment had got approval from Lok Sabha on September 16.
Does RBI wants co-operative banks to wither away?
The RBI has often acted with haste and betrayed its understanding of co-operative banks.