Good news! PMC Bank depositors to get up to Rs 5 lakh back from Nov 30 as govt takes THIS move
The benefit will also accrue to the depositors of 23 cooperative banks which are under financial stress and on which the Reserve Bank of India (RBI) has imposed certain restrictions. DICGC, a wholly-owned subsidiary of the RBI, provides insurance cover on bank deposits.
Aug 31, 2021, 08:33 AM IST
Delegation of PMC bank depositors meets Uddhav Thackeray
In September, the RBI had imposed regulatory restrictions on the PMC Bank for six months over alleged financial irregularities. The RBI had asked the bank not to grant or renew any loans and advances, make any investment or incur any liability, including borrower of funds and acceptance of fresh deposits.
Dec 16, 2019, 00:02 AM IST
Relief for PMC Bank depositors as RBI directs EoW to release attached assets for auction
The Mumbai Police will now seek the court's approval to hand over the assets to the RBI administrator.
Oct 31, 2019, 16:48 PM IST
