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PMC Bank depositors News

31 Aug 2021

Good news! PMC Bank depositors to get up to Rs 5 lakh back from Nov 30

PMC Bank depositors will now get up to Rs 5 lakh back from Nov 30 The govt has notified the amendment to the DICGC Act

15 Dec 2019

Delegation of PMC bank depositors meets Uddhav Thackeray

In September, the RBI had imposed regulatory restrictions on the PMC Bank for six months over alleged financial irregularities. The RBI had asked the bank not to grant or renew any loans and advances, make any investment or incur any liability, including borrower of funds and acceptance of fresh deposits.

31 Oct 2019

PMC Bank scam: RBI directs EoW to release attached assets for auction

The Mumbai Police will now seek the court's approval to hand over the assets to the RBI administrator.

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