PMC Bank

Scam-hit PMC Bank invites EoI from potential investors for reconstruction

Scam-hit PMC Bank invites EoI from potential investors for reconstruction

"Objective of the process of invitation of EoI is to identify a suitable equity investor/ group of investors willing to take over managem...Read More

Mumbai: PMC Bank depositors protest against RBI at branch in Andheri

Mumbai: PMC Bank depositors protest against RBI at branch in Andheri

Depositors staged a protest outside the Punjab and Maharashtra Co-operative (PMC) Bank’s Poonam Nagar branch at Andheri (East) on Friday ...Read More

RBI appoints new PMC Bank administrator, says huge losses posing challenges to revival

RBI appoints new PMC Bank administrator, says huge losses posing challenges to revival

RBI appointed A K Dixit, ex-general manager of Union Bank of India, as the new administrator of the bank with effect from September 23, 2...Read More

PMC Bank PMLA case: ED attaches 3 hotels in Delhi worth Rs 100 cr

PMC Bank PMLA case: ED attaches 3 hotels in Delhi worth Rs 100 cr

The Enforcement Directorate (ED) has attached three hotels worth around Rs 100 crore in Delhi in connection with its money laundering pro...Read More

PMC Bank scam: Failing to get their money, depositors protest outside RBI office in Bandra; watch video

PMC Bank scam: Failing to get their money, depositors protest outside RBI office in Bandra; watch video

Several PMC Bank depositors who are still struggling to get their own money are now protesting outside the Reserve Bank of India in Mumba...Read More

Covid-effect: Mandals opt for low-key Ganeshutsav in Navi Mumbai

Covid-effect: Mandals opt for low-key Ganeshutsav in Navi Mumbai

65 mandals from Navi Mumbai put on hold celebrations because of financial constraints and Coronavirus crisis

PMC bank scam: Court rejects Rakesh, Sarang Wadhawan’s bail pleas

PMC bank scam: Court rejects Rakesh, Sarang Wadhawan’s bail pleas

Calls for report from state’s GT hospital on whether it can treat Rakesh

Teji Mandi: A few good signs

Teji Mandi: A few good signs

The market is continuously defying the bears. An eminent crash is now looking like a distant possibility (Though a healthy correction is ...Read More

RBI to take control of 625 state cooperative banks in Maharashtra

RBI to take control of 625 state cooperative banks in Maharashtra

Nearly 600 urban cooperative banks and 25 multi-state cooperative banks in Maharashtra will now come under the Reserve Bank of India's ju...Read More

'Give back my money': PMC Bank depositor appeals to PM Modi

'Give back my money': PMC Bank depositor appeals to PM Modi

‘Give me my money’ is the slogan being raised by all aggrieved depositors of the Punjab Maharashtra Cooperative (PMC) Bank who have been ...Read More

PMC Bank scam: Court rejects interim bail of Rakesh and Sarang Wadhawan

PMC Bank scam: Court rejects interim bail of Rakesh and Sarang Wadhawan

Pleas had cited COVID-19 outbreak in Arthur Road prison

FM Nirmala Sitharaman to move banking regulation amendment bill in Lok Sabha today

FM Nirmala Sitharaman to move banking regulation amendment bill in Lok Sabha today

The Bill seeks to strengthen the cooperative banks so as to prevent a crisis like that faced by PMC bank due to financial irregularities ...Read More

YES Bank crisis: PMC depositors mull filing plea against RBI and Centre for 'discrimination'

YES Bank crisis: PMC depositors mull filing plea against RBI and Centre for 'discrimination'

A group of depositors is even considering filing a plea in the Delhi High Court against the RBI and the Union government.

CM Uddhav Thackeray discussed GST compensation, PMC bank issue with PM: Aaditya Thackeray

CM Uddhav Thackeray discussed GST compensation, PMC bank issue with PM: Aaditya Thackeray

Mumbai: Tourism Minister Aaditya Thackeray on Saturday said his father and CM Uddhav Thackeray discussed issues like GST compensation and...Read More

PMC Bank scam: Auditor got junkets, high fees to keep shut

PMC Bank scam: Auditor got junkets, high fees to keep shut

Mumbai: The scam-hit Punjab & Maharashtra Cooperative Bank Ltd had allegedly tried to influence its auditors by sending them on junke...Read More

MSC bank seeks branch merger with PMC bank

MSC bank seeks branch merger with PMC bank

A few months ago, NCP leader and Maharashtra minister Jayant Patil had publicly suggested the idea of merging PMC Bank with MSC Bank.

Bombay High Court constitutes panel to value and sell HDIL's properties to repay dues

Bombay High Court constitutes panel to value and sell HDIL's properties to repay dues

The HC has appointed Justice (retd.) S Radhakrishan as the head of the committee and has asked him to appoint the other two members.

Sharad Pawar meets Union minister to discuss revival of PMC Bank

Sharad Pawar meets Union minister to discuss revival of PMC Bank

After the meeting in Delhi, the Rajya Sabha member termed the discussion as “constructive”.

No objection if HDIL items are sold off: Sarang Wadhawan

No objection if HDIL items are sold off: Sarang Wadhawan

Sarang and his father, HDIL promoter Rakesh Wadhawan are currently in judicial custody after the duo were arrested in connection with an ...Read More

After protest, Udhav Thackeray meets PMC bank depositors, promises 'justice'

After protest, Udhav Thackeray meets PMC bank depositors, promises 'justice'

Nearly 500 depositors of the troubled bank initially gathered outside the RBI office in BKC, but later headed towards Thackeray's Bandra ...Read More

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