PMC bank crisis

Maharashtra government suggests merger of crisis hit-PMC Bank with MSC Bank

Jayant Patil said the Udhav Thackeray government is ready to extend financial assistance, besides holding talks with the Reserve Bank of India (RBI) on the issue of merger.

Dec 05, 2019, 16:58 PM IST

PMC Bank crisis: RBI raises withdrawal limit for account holders to Rs 50,000

Reserve Bank of India (RBI) on Tuesday enhanced withdrawal limit for depositors of Punjab and Maharashtra Cooperative (PMC) Bank Ltd to Rs 50,000. Earlier on October 14, the central bank had permitted the depositors of PMC Bank to withdraw up to Rs 40,000 of the total balance in their accounts.

Nov 05, 2019, 18:42 PM IST

Mumbai doctor holding account in PMC Bank ends life due to depression, police deny scam link

The woman, identified as Dr Nivedita Bijlani (39), allegedly committed suicide on Monday evening

Oct 16, 2019, 07:20 AM 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 customers will not face any loss, reassures Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman said that the Reserve Bank of India (RBI) has repeatedly assured her that it will keep the interest of PMC Bank customers in mind and resolve the ongoing crisis as soon as possible. 

Oct 14, 2019, 16:14 PM IST

PMC Bank crisis: ED attaches HDIL promoters' private jet, jewellery

The Enforcement Directorate claimed on Saturday that it has attached a private jet and jewellery worth Rs 60 crore of Housing Development and Infrastructure Limited (HDIL) Chairman Rakesh Wadhawan and his son Sarang Wadhawan.

Oct 05, 2019, 22:25 PM IST