PMC Bank

Mumbai: Kirit Somaiya writes to ED, RBI to check Shiv Sena leader Anand Adsul's role in PMC Bank scam

Mumbai: Kirit Somaiya writes to ED, RBI to check Shiv Sena leader Anand Adsul's role in PMC Bank scam

In September last year, the RBI had capped the withdrawal limit and restricted the activities of the PMC Bank after an alleged fraud of R...Read More

Allowed PMC Bank to approve requests for withdrawal on hardship grounds to avoid delays in disbursal: RBI to HC

Allowed PMC Bank to approve requests for withdrawal on hardship grounds to avoid delays in disbursal: RBI to HC

The Reserve Bank of India (RBI) on Friday told the Delhi High Court that to avoid delays in the process of withdrawals from scam-hit PMC ...Read More

PMC Bank scam case: ED attaches properties worth Rs 72 cr belonging to Pravin Raut

PMC Bank scam case: ED attaches properties worth Rs 72 cr belonging to Pravin Raut

The ED has attached properties worth Rs 72 crore belonging to Pravin Raut under PMLA in a PMC Bank loan cheating case.Earlier, Shiv Sena ...Read More

A year after PMC Bank scam, RBI says NPAs rise in urban co-op banks, losses balloon up

A year after PMC Bank scam, RBI says NPAs rise in urban co-op banks, losses balloon up

The proportion of gross non-performing assets (NPAs) of urban co-operative banks saw a rise in FY20 to 10.8 per cent as against 7.3 per ...Read More

Sanjay Raut’s wife seeks more time from ED for her appearance

Sanjay Raut’s wife seeks more time from ED for her appearance

Varsha Raut is under ED scanner for some suspicious transactions, which includes a loan of Rs 55 lakh

Mumbai: Sanjay Raut's wife unlikely to appear before ED today, seeks more time

Mumbai: Sanjay Raut's wife unlikely to appear before ED today, seeks more time

Varsha Raut was slated to arrive before the agency after being summoned to join investigation in the PMC Bank scam case. Sources said tha...Read More

Amid probe against Sanjay Raut's wife, 'BJP state office' posters surface at ED office

Amid probe against Sanjay Raut's wife, 'BJP state office' posters surface at ED office

Amid probe against Shiv Sena leader Sanjay Raut's wife in alleged PMC Bank scam case, posters of 'BJP state office' surface outside ED of...Read More

PMC Bank gets four proposals for takeover, says RBI

PMC Bank gets four proposals for takeover, says RBI

The bank will need some time to examine proposals. Restrictions extended till 31 March

Initial response looks 'positive' for PMC Bank resolution: RBI Governor

Initial response looks 'positive' for PMC Bank resolution: RBI Governor

Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said the response from potential investors for the reconstruction of crisi...Read More

PMC Bank protest: Depositors sit on hunger strike

PMC Bank protest: Depositors sit on hunger strike

Depositors of Punjab and Maharashtra Co-operative (PMC) bank sat on a token hunger strike near the Reserve Bank of India (RBI) office in ...Read More

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

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