PMC bank scam

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

PMC Bank scam: SC to hear today plea against Bombay HC order shifting HDIL promoters from jail

PMC Bank scam: SC to hear today plea against Bombay HC order shifting HDIL promoters from jail

Solicitor General Tushar Mehta mentioned the matter before a bench headed by Chief Justice S A Bobde and said the Punjab and Maharashtra ...Read More

Mallya, Nirav Modi faced court heat; relief for Ajit Pawar

Mallya, Nirav Modi faced court heat; relief for Ajit Pawar

Mumbai: The multi-crore PMC Bank scam and a clutch of ongoing high-profile fraud cases kept courts in Mumbai busy in 2019 as beleaguered ...Read More

PMC bank scam: ED files chargesheet against HDIL promoters

PMC bank scam: ED files chargesheet against HDIL promoters

The agency submitted its charge sheet, running into around 7,000 pages, before a special court set up under the Prevention of Money Laund...Read More

Delhi HC to hear plea seeking to allow RBI, PMC Bank to sale Rs 4,000 cr worth properties of HDIL on Dec 9

Delhi HC to hear plea seeking to allow RBI, PMC Bank to sale Rs 4,000 cr worth properties of HDIL on Dec 9

The Delhi High Court will hear case on December 9 seeking to allow RBI and PMC Bank to sale and auction Rs 4,000 crore worth land and pro...Read More

PMC scam: Mumbai Court gives nod to sell two jets, yacht of Wadhawans

PMC scam: Mumbai Court gives nod to sell two jets, yacht of Wadhawans

A court here has allowed the RBI-appointed administrator for the PMC Bank to sell two airplanes and a yacht belonging to HDIL group firms...Read More

Depositors’ rights don’t override RBI powers: Bombay High Court

Depositors’ rights don’t override RBI powers: Bombay High Court

The observation was made even as the depositors told the court that they can’t be made to bear the brunt of the wrongdoings of the PMC ba...Read More

RBI’s affidavit underscores that it came across ‘certain’ irregularities but failed to foresee banks financial health

RBI’s affidavit underscores that it came across ‘certain’ irregularities but failed to foresee banks financial health

The apex bank has stated on an affidavit that it could not correctly diagnose the financial health of PMC despite

'Something happens to me PMC Bank, RBI would be responsible for it': Woman bed-ridden after fracturing her leg

'Something happens to me PMC Bank, RBI would be responsible for it': Woman bed-ridden after fracturing her leg

A 68-year-old woman, who is bed-ridden ever since she fell in her home and fractured her leg, has blamed the Punjab and Maharashtra Coope...Read More

PMC bank scam: Ex-BJP MLA's son arrested

PMC bank scam: Ex-BJP MLA's son arrested

Mumbai: The Economic Offences Wing (EOW) of Mumbai Police has arrested the son of former BJP MLA Sardar Tara Singh in connection with the...Read More

PMC Bank scam: Sikhs from Maharashtra unable to go on Kartarpur pilgrimage

PMC Bank scam: Sikhs from Maharashtra unable to go on Kartarpur pilgrimage

Prime Minister Narendra Modi on Saturday inaugurated the Kartarpur corridor and flagged off the first batch of over 500 Indian pilgrims

This PMC depositor's plea as he worries about a lifetime of hard-earned money will break your heart

This PMC depositor's plea as he worries about a lifetime of hard-earned money will break your heart

Economist Rupa Subramanya recently posted a series of screenshots of a conversation she had with an unidentified individual on Twitter. I...Read More

RBI loosens PMC purse strings with each death

RBI loosens PMC purse strings with each death

So, after the media reported the ninth death – this time from Thane -- the RBI lost no time in raising the cash withdrawal limit for acco...Read More

PMC crisis claims 8th victim in 74-year-old Thane man

PMC crisis claims 8th victim in 74-year-old Thane man

The 74-year-old Andrew Lobo died at his home at Kasheli in the neighbouring Thane late Thursday evening, his grandnephew Chris told PTI.

Mumbai: 7th PMC Bankdepositor dead

Mumbai: 7th PMC Bankdepositor dead

Kuldeep Kaur Vig (64) is the seventh PMC depositor to have died after the alleged Rs 4,355 crore scam came to light and the RBI imposed r...Read More

PMC Bank scam: Auditors submit preliminary report

PMC Bank scam: Auditors submit preliminary report

Mumbai: The forensic auditors who were appointed by the Mumbai police Economifc Ofences Wing (EOW) to analyse the documents recovered fro...Read More

PMC Bank: Delhi HC seeks reply from Centre, RBI on plea against withdrawal limits restrictions

PMC Bank: Delhi HC seeks reply from Centre, RBI on plea against withdrawal limits restrictions

The Bench comprising of Justice DN Patel and Justice C Harishankar issued a notice to all respondents in the plea against withdrawal rest...Read More

PMC bank scam: 1 more bank depositor dies

PMC bank scam: 1 more bank depositor dies

A Mulund colo­ny resident, he used to manage a kirana shop and following a chest pain complaint on Wednesday night, he was admitted to a ...Read More

Assure our money is safe, revive PMC Bank Depositors urge RBI

Assure our money is safe, revive PMC Bank Depositors urge RBI

Mumbai: Several customers of the Punjab and Maharashtra Cooperative (PMC) Bank gathered outside the RBI's office here on Tuesday, demandi...Read More

PMC bank Scam: Loot, plunder institutionalised

PMC bank Scam: Loot, plunder institutionalised

The depositors could withdraw a mere Rs1,000 every six months, as per an initial RBI notice. The limit was raised to Rs10,000 and then to...Read More

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