PMC Bank

Sanjay Raut's wife Varsha will not appear before ED for hearing today

Shiv Sena MP Sanjay Raut's wife Varsha will not appear before the ED for hearing today. Sanjay Raut said that she has asked some time for that.

Dec 29, 2020, 11:34 AM IST

PMC Bank scam: Delhi HC seeks response of Centre, RBI on plea seeking release of Rs 5 lakh to depositors

PMC Bank has been put under restrictions by the RBI, following the unearthing of a Rs 4,355-crore scam.

Jul 21, 2020, 16:28 PM IST

Special PMLA court rejects bail pleas of HDIL's Sarang Wadhawan, Rakesh Wadhawan in PMC Bank scam

The case is being probe by Enforcement Directorate, along with Economic Offences Wing of Mumbai police.

Jul 14, 2020, 16:30 PM IST

SC stays release of HDIL directors from Mumbai jail in PMC Bank scam case

The Supreme Court (SC) on Thursday stayed the release of Housing Development Infrastructure Ltd (HDIL) directors, Rakesh Wadhawan and Sarang Wadhawan, from Mumbai jail in Punjab and Maharashtra Cooperative (PMC) Bank scam case. The duo is accused in the case. 

Jan 16, 2020, 12:48 PM IST

ED files chargesheet in PMC Bank scam, names HDIL promoters as accused

The Enforcement Directorate (ED) has also named former Managing Director of PMC Bank, Joy Thomas, and former PMC Bank Chairman Waryam Singh as accused in multi-crore PMC Bank scam.

Dec 16, 2019, 17:30 PM IST

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.

Dec 16, 2019, 00:02 AM IST

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 scam: RBI says progressively relaxing withdrawal limit

Referring to the problems of the PMC Bank depositors who have been agitating since the nearly two months, the court observed that while it would not interfere in the matter, advising the depositors to approach and convince the RBI-appointed Administrator for all their special needs

Nov 19, 2019, 19:00 PM IST

Mumbai: EOW arrests former PMC Bank director

A former director of PMC Bank was arrested by the Economic Offence Wing (EOW) of the Mumbai Police here on Saturday. The arrested director, identified as Rajneet Singh, is the son of former BJP MLA Tara Singh. Earlier on November 11, the EOW had arrested two auditors in connection with the multi-crore Punjab and Maharashtra Co-operative (PMC) Bank scam.

Nov 16, 2019, 22:19 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

Employees' money in Uttar Pradesh invested in Mirchi-linked firm of Wadhawans

Uttar Pradesh government has initiated a vigilance probe into the matter. He further said that General Manager of the Power Sector Employees Trust, P.K. Gupta has been suspended, said, Principal Secretary (Energy) Alok Kumar.

Nov 02, 2019, 08:42 AM 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: 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

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

Kashmir, Haryana and Maharashtra Assembly polls, Sardar Patel, Uniform Civil Code: Union Home Minister Amit Shah answers all in exclusive interview

Union Home Minister Amit Shah said that former chief ministers Farooq Abdullah, Omar Abdullah and Mehbooba Mufti are in detention to maintain law and order in Kashmir valley and security agencies will take a call on releasing them after reviewing the situation.

Oct 15, 2019, 23:46 PM IST

Another Punjab and Maharashtra Cooperative Bank customer dies in Mumbai, second death in less than 24 hours

Sources said that Fattomal Punjabi had participated in protests in the last few days and was facing trouble because of the curbs imposed by the Reserve Bank of India on withdrawing money from the bank.

Oct 15, 2019, 16:48 PM IST