Search For "punjab and maharashtra cooperative"
Public Trust Caught in Crossfire of Failed Bank and Consequent Amalgamatio
Updated : 2 years, 2 months 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
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'We are in process to setup small finance bank which will take over PMC Ba
Updated : 4 years, 10 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
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RBI gives nod to Centrum Financial Services for small finance bank
Updated : 4 years, 11 months ago IST
Mumbai (Maharashtra) [India], June 18 (ANI): The Reserve Bank of India (RBI) on Friday decided to grant in-principle approval to Centrum Financial Services Ltd to set up a small finance bank.
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HC issues notice to PMC Bank on plea seeking release of emergency funds to
Updated : 5 years ago IST
New Delhi [India], May 3 (ANI): The Delhi High Court on Monday issued notice to the Centre, Reserve Bank of India (RBI), Punjab and Maharashtra Cooperative (PMC) Bank and others on an application seeking immediate release of emergency funds to meet the financial needs arising out of sudden o
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Viva Group MD Mehul Thakur sent to 4-day ED custody
Updated : 5 years, 4 months 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
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ED arrests 2 top officials of Viva Group in PMC Bank case
Updated : 5 years, 4 months 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
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Kirit Somaiya wrote to ED, RBI to check Anand Adsul's role in PMC Bank sca
Updated : 5 years, 4 months ago IST
New Delhi [India], January 16 (ANI): Bharatiya Janata Party (BJP) leader Kirit Somaiya on Friday informed that he has written a letter to the Enforcement Directorate (ED) and Reserve Bank of India (RBI) to check the role of Anand Adsul and his family in Punjab and Maharashtra Cooperative (PM
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RBI appoints AK Dixit as new administrator of PMC Bank
Updated : 5 years, 8 months ago IST
New Delhi [India], September 22 (ANI): Reserve Bank of India (RBI) has appointed AK Dixit, ex-General Manager of Union Bank of India as the new administrator of Punjab and Maharashtra Cooperative (PMC) Bank with effect from September 23.
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Ranvir Shorey alleges inaction in PMC bank scam, says 'over 9 lakhs destr
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], Aug 29 (ANI): On the issue of Punjab and Maharashtra Cooperative (PMC) Bank scam, Bollywood actor Ranvir Shorey on Friday expressed concern over the depositors whose hard-earned money and life savings are stuck and alleged inaction by the authorities.
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PMC Bank withdrawal restrictions based on its liquidity position, says RBI
Updated : 6 years, 4 months ago IST
New Delhi [India], Jan 21 (ANI): The Reserve Bank of India (RBI) on Tuesday told the Delhi High Court that restrictions imposed on withdrawal limits on Punjab and Maharashtra Cooperative (PMC) Bank customers is based on the bank's liquidity position and ability to pay its depositors.
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RBI issues draft norms on prudential exposure limits for cooperative banks
Updated : 6 years, 5 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).
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PMC Bank scam: Mumbai Police EOW files first chargesheet in court, names 5
Updated : 6 years, 5 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.
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