Supreme Court refuses to entertain plea by PMC Bank account holders for lifting cash withdrawal restrictions
A bench of Chief Justice Ranjan Gogoi and Justices SA Bobde and S Abdul Nazeer told the petitioners that they may approach the concerned High Court for relief.
Oct 18, 2019, 13:26 PM IST
Former Punjab and Maharashtra Cooperative Bank director Surjit Singh Arora arrested by Mumbai Police
Surjit Singh Arora is the owner of Mini Punjab and he was associated with PMC Bank for over 10 years.
Oct 16, 2019, 20:05 PM IST
PMC Bank case: Waryam Singh, Rakesh and Sarang Wadhawan's police custody extended till October 23
Hundreds of PMC Bank account holders staged a protest in front of Mumbai's Esplanade Court where the trio was produced as their police custody ended on Wednesday, and demanded that their money be returned at the earliest. Protestors also observed a two-minutes silence expressing grief over the death of two PMC bank account holders on Tuesday.
Oct 16, 2019, 12:30 PM IST
Kashmir, Haryana and Maharashtra Assembly polls, Sardar Patel, Uniform Civil Code: Union Home Minister Amit Shah answers all in exclusive interview
Union Home Minister Amit Shah said that former chief ministers Farooq Abdullah, Omar Abdullah and Mehbooba Mufti are in detention to maintain law and order in Kashmir valley and security agencies will take a call on releasing them after reviewing the situation.
Oct 15, 2019, 23:46 PM IST
Another Punjab and Maharashtra Cooperative Bank customer dies in Mumbai, second death in less than 24 hours
Sources said that Fattomal Punjabi had participated in protests in the last few days and was facing trouble because of the curbs imposed by the Reserve Bank of India on withdrawing money from the bank.
Oct 15, 2019, 16:48 PM IST
PMC Bank Scam: Sanjay Gulati, a PMC bank depositor passed away
Sanjay Gulati, Account holder at the PMC bank, who had over 90 lakh deposited, died in Mumbai.
Oct 15, 2019, 13:06 PM IST
Unable to withdraw money, PMC Bank customer suffers cardiac arrest and dies
The deceased, Sanjay Gulati was under a lot of stress after the Punjab and Maharashtra Cooperative (PMC) Bank scam came to light, according to his family members. He was listed as a large depositor with the bank and had almost Rs 80 lakh in four accounts.
Oct 15, 2019, 11:30 AM IST
PMC Bank scam: Ex-chairman Wariyam Singh owns properties worth several crores
Former chairman of PMC Bank Wariyam Singh, who is currently in police custody, has bought a plot of land worth Rs 2,500 in Mumbai's posh Juhu area using depositor's money.
Oct 14, 2019, 23:08 PM IST
Deshhit: Know top 20 Deshhit news
Deshhit: Know top 20 Deshhit news. To know more watch the video
Oct 14, 2019, 21:22 PM IST
RBI hikes withdrawal limit for depositors of Punjab and Maharashtra Cooperative Bank to Rs 40,000
The RBI said in a press release that it has decided to hike the withdrawal limit from Rs 25,000 to Rs 40,000 after reviewing the bank’s liquidity position and its ability to pay its depositors.
Oct 14, 2019, 19:12 PM IST
Punjab and Maharashtra Co-operative Bank scam: Nirmala Sitharaman speaks to RBI governor, assures customers of full support
On Wednesday (September 9), Sitharaman had said at a press conference that Finance Ministry has no direct involvement in the PMC Bank case because it is a cooperative bank and RBI is the regulator for cooperative banks, including the PMC Bank.
Oct 13, 2019, 06:39 AM IST
Nirmala Sitharaman meets PMC Bank depositors, says action will be taken
Finance Minister Nirmala Sitharaman meets PMC Bank depositors and assured that action will be taken.
Oct 11, 2019, 07:48 AM IST
Rs 100 crore deposit of Gurdwaras locked in fraud-hit PMC Bank
The Gurdwaras, which have their accounts with PMC Bank, are agitated with RBI's curb in withdrawing money from the bank.
Oct 07, 2019, 12:37 PM IST
Joy Thomas, former MD of PMC bank, arrested by Mumbai Police's Economic Offence Wing
The Mumbai Police's Economic Offence Wing (EOW) on Friday arrested Joy Thomas, the former managing director (MD) of the Punjab and Maharashtra Cooperative (PMC) Bank, in the ongoing scam case. On September 28, the suspended MD had admitted that the bank did not report the financial exposure to the Reserve Bank of India (RBI) for over six years.
Oct 04, 2019, 18:58 PM IST
PMC Bank account holder can withdraw Rs 25,000 in six months as RBI enhances limit
RBI Chief General Manager Yogesh Dayal in a press release stated that the decision has been taken after reviewing PMC Bank's liquidity position and in order to reduce the hardships faced by the depositors.
Oct 03, 2019, 20:58 PM IST
HDIL's Sarang Wadhawan, Rakesh Wadhawan arrested in PMC Bank scam
Out of the 44 bank accounts responsible for not paying back the huge loans taken from PMC Bank, 10 belonged to HDIL and the Wadhawans. Out of the 10 bank accounts, Sarang and Rakesh had one personal account each.
Oct 03, 2019, 17:53 PM IST
Finance Minister Nirmala Sitharaman urges Punjab & Maharashtra Cooperative Bank account holder to not say 'extreme things'
On September 23, the Reserve Bank of India had imposed regulatory restrictions on the PMC Bank for six months over alleged financial irregularities.
Oct 01, 2019, 10:43 AM IST
Mumbai police's EOW files FIR against officials of HDIL, Punjab & Maharashtra Co-operative Bank
The Economic Offences Wing (EoW) of Mumbai Police has registered an FIR against senior officials of Housing Development and Infrastructure Ltd (HDIL) and Punjab and Maharashtra Cooperative (PMC) Bank over allegedly causing losses to the tune of Rs 4,355.43 crore to the bank.
Sep 30, 2019, 22:50 PM IST
RBI raises withdrawal limit of Punjab & Maharashtra Cooperative Bank Ltd customers from Rs 1,000 to Rs 10,000
In a major relief for thousands of customers of Punjab and Maharashtra Cooperative Bank Limited (PMC), Mumbai, the Reserve Bank of India on Thursday enhanced the withdrawal limit of the PMC customers from Rs 1,000 to Rs 10,000.
Sep 26, 2019, 15:54 PM IST
RBI imposes restriction on Punjab and Maharashtra Cooperative Bank for 6 months
The restrictions were imposed on the bank by the RBI under Section 35A of the Banking Regulation Act, 1949.
Sep 24, 2019, 11:28 AM IST
