Search For "maharashtra cooperative bank"
Public Trust Caught in Crossfire of Failed Bank and Consequent Amalgamatio
Updated : 2 years ago IST
New Delhi [India], March 6: In light of the Punjab and Maharashtra Cooperative Bank's risky investments that led to its license revocation by the RBI, several organizations faced significant losses. While 95% of the bank's depositors received up to Rs. 5,00,000 as insured amount, certain soc
Read More
'We are in process to setup small finance bank which will take over PMC Ba
Updated : 4 years, 8 months ago IST
New Delhi [India], July 12 (ANI): The Reserve Bank of India on Monday said it has given "in-principle" approval to one Centrum Financial Services Ltd (CFSL) to set up a small finance bank (SFB), which will take over the beleaguered Punjab and Maharashtra Cooperative Bank (PMC Bank) very s
Read More
Viva Group MD Mehul Thakur sent to 4-day ED custody
Updated : 5 years, 1 month ago IST
Mumbai (Maharashtra) [India], January 23 (ANI): Viva Group Managing Director (MD) Mehul Thakur and Director Madan Gopal Chaturvedi on Saturday were sent to four-day Enforcement Directorate custody in connection with Punjab and Maharashtra Cooperative Bank (PMC) and Housing Development and In
Read More
ED arrests 2 top officials of Viva Group in PMC Bank case
Updated : 5 years, 1 month ago IST
Mumbai (Maharashtra) [India], January 23 (ANI): Viva Group Managing Director Mehul Thakur and Director Madan Gopal Chaturvedi have been arrested by the Enforcement Directorate (ED) in connection with Punjab and Maharashtra Cooperative Bank (PMC) and Housing Development and Infrastructure Lim
Read More
Delhi HC directs RBI, PMC Bank to consider needs of depositors
Updated : 5 years, 9 months ago IST
New Delhi [India], May 29 (ANI): Delhi High Court has directed the Reserve Bank of India (RBI), Punjab Maharashtra Cooperative Bank, and other respondents to consider the needs of the depositors during the coronavirus-induced lockdown.
Read More
RBI issues draft norms on prudential exposure limits for cooperative banks
Updated : 6 years, 2 months ago IST
Mumbai (Maharashtra) [India], Dec 30 (ANI): The Reserve Bank of India (RBI) on Monday released a draft circular on limits on exposure to single and group borrowers and revision in priority sector lending targets for urban cooperative banks (UCBs).
Read More
PMC Bank scam: Mumbai Police EOW files first chargesheet in court, names 5
Updated : 6 years, 2 months ago IST
Mumbai (Maharashtra) [India], Dec 28 (ANI): The Economic Offences Wing (EOW) of the Mumbai Police on Friday filed first charge sheet in the multi-crore Punjab and Maharashtra Cooperative Bank (PMC Bank) scam in Esplanade Court.
Read More
PMC Bank rearrangement of scheme by RBI by Jan-end: BJP delegation
Updated : 6 years, 2 months ago IST
Mumbai (Maharashtra) [India], Dec 25 (ANI): The Reserve Bank of India (RBI) assured a delegation of BJP leaders that a rearrangement of scheme for the revival of troubled Punjab and Maharashtra Cooperative Bank (PMC Bank) will be ready by January-end.
Read More
PMC bank scam: Arrested auditors to be produced before court today
Updated : 6 years, 4 months ago IST
Mumbai (Maharashtra) [India], Nov 12 (ANI): The economic offence wing (EOW) of Mumbai Police will on Tuesday produce two auditors who were arrested for deliberately overlooking irregularities in Punjab and Maharashtra Cooperative (PMC) Bank before a local court.
Read More
PMC bank scam: Worried over son-in laws's money stuck in bank, woman dies
Updated : 6 years, 4 months ago IST
Mumbai (Maharashtra) [India], Oct 23 (ANI): One more death has been reported ever since the Punjab and Maharashtra Cooperative Bank (PMC) scam was unearthed.
Read More
PMC Bank scam: Depositors stage protest in Mumbai
Updated : 6 years, 4 months ago IST
Mumbai (Maharashtra) [India], Oct 19 (ANI): Scores of depositors of the scam-hit Punjab and Maharashtra Cooperative (PMC) Bank staged a protest here on Saturday demanding the removal of restriction on cash withdrawal imposed by the Reserve Bank of India (RBI), which is currently capped at Rs
Read More
PMC Bank case: Top court agrees to urgent hearing of PIL
Updated : 6 years, 4 months ago IST
New Delhi [India], Oct 16 (ANI): The Supreme Court on Wednesday agreed to an urgent hearing of on the public interest litigation filed in regards to the Punjab and Maharashtra Cooperative Bank (PMC) case. The next hearing of the case is scheduled for October 18.
Read More