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PMC Bank scam

Relief for PMC Bank depositors as 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.

Oct 31, 2019, 16:48 PM IST

Another PMC Bank depositor dies in Mumbai

Sixty-eight -year-old Keshmul Hinduja was admitted to hospital after he complained of chest pain on October 29. He died of a heart attack the next day, his daughter said. She also claimed that Hinduja did not have any ailment and used to run a grocery shop in Mumbai's Mulund area. However, after the PMC Bank scam came into light, he was under stress. 

Oct 31, 2019, 15:00 PM IST

On Dhanteras, women depositors of scam-hit PMC Bank hold protest in Mumbai

Several women depositors of crisis-hit Punjab and Maharashtra Co-operative (PMC) Bank on Friday staged a protest in West Mumbai's Andheri. The women protestors raised slogans carrying placards which read "Where is the money on Dhanteras" and "Black Diwali, Thank you RBI".

Oct 25, 2019, 13:38 PM IST

PMC Bank customers can now withdraw up to Rs 1 lakh in case of medical emergency

The PMC Bank account holders have also been allowed to withdraw Rs 50,000 extra for marriage, education and expenses related to senior citizens. BJP Maharashtra unit vice-president Kirit Somaiya also tweeted about the enhanced withdrawal limit on Wednesday.

Oct 23, 2019, 12:40 PM IST

PMC Bank scam: Special PMLA court extends ED custody of Wadhvans till October 24

On October 18, the judicature had given the custody of Rakesh Kumar Wadhawan and his son Sarang Wadhawan who are accused in the PMC Bank fraud case, till Oct 22.

Oct 22, 2019, 16:37 PM IST

PMC Bank scam: 80-year-old depositor dies after being unable to withdraw money for heart surgery

The victim, identified as Murlidhar Dhara, was a resident of Mulund Colony in Mumbai. He was suffering from a heart-related ailment for a long time and was to undergo bypass surgery.

Oct 19, 2019, 10:34 AM IST

Supreme Court refuses to entertain plea by PMC Bank account holders for lifting cash withdrawal restrictions

A bench of Chief Justice Ranjan Gogoi and Justices SA Bobde and S Abdul Nazeer told the petitioners that they may approach the concerned High Court for relief.

Oct 18, 2019, 13:26 PM IST

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Oct 18, 2019, 13:06 PM IST

News 100: Watch top news stories of the day

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Oct 18, 2019, 10:58 AM IST

Government obsessed with blaming opposition: Former PM Manmohan Singh hits back at Finance Minister Nirmala Sitharaman

Former prime minister Manmohan Singh slammed the Centre for failing to adopt people-oriented policies and stressed that the apathy of the BJP-led government at the Centre's was evident in the statements given by Finance Minister Nirmala Sitharaman. 

Oct 17, 2019, 16:55 PM IST

PMC Bank scam: Former director S Surjit Singh Arora sent to police custody till October 22

Punjab and Maharashtra Co-operative (PMC) Bank scam case accused and bank's former director S Surjit Singh Arora was on Thursday sent to police custody till October 22 by Mumbai's Esplanade court.

Oct 17, 2019, 11:43 AM IST

19 Ki 19 Kahaniyaan: Watch Top 19 stories of the day

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Oct 16, 2019, 20:32 PM IST

Former Punjab and Maharashtra Cooperative Bank director Surjit Singh Arora arrested by Mumbai Police

Surjit Singh Arora is the owner of Mini Punjab and he was associated with PMC Bank for over 10 years. 

Oct 16, 2019, 20:05 PM IST

PMC Bank case: Waryam Singh, Rakesh and Sarang Wadhawan's police custody extended till October 23

Hundreds of PMC Bank account holders staged a protest in front of Mumbai's Esplanade Court where the trio was produced as their police custody ended on Wednesday, and demanded that their money be returned at the earliest. Protestors also observed a two-minutes silence expressing grief over the death of two PMC bank account holders on Tuesday. 

Oct 16, 2019, 12:30 PM IST

19 Ki 19 Kahaniyaan: Watch Top 19 stories of the day

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Oct 15, 2019, 19:22 PM IST

PMC Bank Scam: Sanjay Gulati, a PMC bank depositor passed away

Sanjay Gulati, Account holder at the PMC bank, who had over 90 lakh deposited, died in Mumbai.

Oct 15, 2019, 13:06 PM IST

Unable to withdraw money, PMC Bank customer suffers cardiac arrest and dies

The deceased, Sanjay Gulati was under a lot of stress after the Punjab and Maharashtra Cooperative (PMC) Bank scam came to light, according to his family members. He was listed as a large depositor with the bank and had almost Rs 80 lakh in four accounts.

Oct 15, 2019, 11:30 AM IST

PMC Bank scam: Ex-chairman Wariyam Singh owns properties worth several crores

Former chairman of PMC Bank Wariyam Singh, who is currently in police custody, has bought a plot of land worth Rs 2,500 in Mumbai's posh Juhu area using depositor's money.

Oct 14, 2019, 23:08 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 scam: Ex-chairman, HDIL directors sent to police custody till Oct 16 amid protest by depositors

A number of PMC bank depositors today staged a protest as a Mumbai court extended custody of three accused in the bank fraud case. 

Oct 14, 2019, 15:08 PM IST