Punjab and Maharashtra Cooperative Bank

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 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

Joy Thomas, former MD of PMC bank, arrested by Mumbai Police's Economic Offence Wing

The Mumbai Police's Economic Offence Wing (EOW) on Friday arrested Joy Thomas, the former managing director (MD) of the Punjab and Maharashtra Cooperative (PMC) Bank, in the ongoing scam case. On September 28, the suspended MD had admitted that the bank did not report the financial exposure to the Reserve Bank of India (RBI) for over six years. 

Oct 04, 2019, 18:58 PM IST

PMC Bank account holder can withdraw Rs 25,000 in six months as RBI enhances limit

RBI Chief General Manager Yogesh Dayal in a press release stated that the decision has been taken after reviewing PMC Bank's liquidity position and in order to reduce the hardships faced by the depositors.

Oct 03, 2019, 20:58 PM IST

HDIL's Sarang Wadhawan, Rakesh Wadhawan arrested in PMC Bank scam

Out of the 44 bank accounts responsible for not paying back the huge loans taken from PMC Bank, 10 belonged to HDIL and the Wadhawans. Out of the 10 bank accounts, Sarang and Rakesh had one personal account each.

Oct 03, 2019, 17:53 PM IST

Finance Minister Nirmala Sitharaman urges Punjab & Maharashtra Cooperative Bank account holder to not say 'extreme things'

On September 23, the Reserve Bank of India had imposed regulatory restrictions on the PMC Bank for six months over alleged financial irregularities.

Oct 01, 2019, 10:43 AM IST