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  • PMC Bank | Not possible to raise Rs 1 lakh withdrawal limit due to lack of liquidity: RBI to Delhi HC Aug 14, 2020 09:20 PM IST

    PMC Bank | Not possible to raise Rs 1 lakh withdrawal limit due to lack of liquidity: RBI to Delhi HC

    The affidavit was filed in response to an application seeking release of Rs five lakh to PMC bank depositors during COVID-19 to help them address health issues.

  • PMC Bank update | RBI doubles withdrawal limit to Rs 1 lakh, extends restrictions by 6 months Jun 19, 2020 06:02 PM IST

    PMC Bank update | RBI doubles withdrawal limit to Rs 1 lakh, extends restrictions by 6 months

    The RBI also raised the withdrawal limit in the case of three other banks, namely, Kerala Mercantile Co-operative Bank Limited, Hindu Cooperative Bank Limited and Sri Guru Raghavendra Sahakara Bank Niyamitha.

  • Make banking regulation law applicable to cooperative banks, says PIL in HC Nov 13, 2019 08:30 PM IST

    Make banking regulation law applicable to cooperative banks, says PIL in HC

    The plea referred to the scam-hit Punjab and Maharashtra Cooperative (PMC) Bank Ltd and sought directions to the central government and the Reserve Bank of India (RBI) to amend the BRA to make it applicable on such financial institutions.

  • PMC crisis | The buck stops with the management, not auditor Oct 07, 2019 01:18 PM IST

    PMC crisis | The buck stops with the management, not auditor

    Auditors can at best blow the whistle after the horse has bolted, but it is for the management to disburse loans after extreme caution

  • 10 other cooperative banks currently under RBI directions like PMC Bank Sep 27, 2019 11:19 AM IST

    10 other cooperative banks currently under RBI directions like PMC Bank

    Apart from PMC Bank, the fate following nine lenders still hangs in balance. The directions date back several years, with depositors' money locked in, mostly without any respite from RBI.

  • PMC Bank crisis: RBI Officers' Co-op Society has Rs 105 crore FD stuck with the troubled bank Sep 26, 2019 10:14 PM IST

    PMC Bank crisis: RBI Officers' Co-op Society has Rs 105 crore FD stuck with the troubled bank

    RBI's Officers' Co-op Credit Society Ltd has a fixed deposit of Rs 105 crore with the Mumbai-based bank, as per the report.

  • PMC Bank cancels AGM, loans given to HDIL under RBI scanner Sep 26, 2019 08:52 AM IST

    PMC Bank cancels AGM, loans given to HDIL under RBI scanner

    HDIL's one-time settlement offer of Rs 96.5 crore, drawn on PMC Bank, was accepted by Bank of India against dues of Rs 522.3 crore.

  • Explained | The PMC Bank crisis and why customers are panicking Sep 24, 2019 09:56 PM IST

    Explained | The PMC Bank crisis and why customers are panicking

    If you have an account with Punjab and Maharashtra Cooperative Bank, here's are some important things you should know.

  • Panic grips pockets of Mumbai megapolis as PMC Bank goes 'belly up' Sep 24, 2019 09:00 PM IST

    Panic grips pockets of Mumbai megapolis as PMC Bank goes 'belly up'

    The scene outside the PMC headquarters at the eastern suburb of Bhandup did not betray the fear among the tens of hundreds of depositors who rushed in, on hearing the news of their bank 'going belly up'.

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