depositors
The minister said steps are being taken to seize properties of promoters of the PMC Bank, auction such properties and repay depositors with the money obtained. (Photo: ANII)
78 pc depositors of PMC Bank can withdraw entire deposits: govt
02 Dec 2019 2:15 PM

Maharashtra-based PMC Bank can withdraw upto Rs 1 lakh by invoking the 'hardship provisions' of the RBI.

The crisis began after an alleged Rs 4,355-crore scam came to light.
PMC depositors gather outside RBI Delhi, demand assurance from central bank
06 Nov 2019 3:45 PM

On Tuesday, the RBI increased the withdrawal limit from the bank's customers to Rs 50,000.

The bank has deposits of over Rs 11,000 crore and the RBI has said that 77 per cent of the depositors can withdraw their money with the Rs 40,000 limit.
What steps taken to help PMC Bank depositors, HC asks RBI
04 Nov 2019 2:43 PM

The Enforcement Directorate is investigating the case and has attached the assets of HDIL promoters.

The bank has deposits of over Rs 11,000 crore and the RBI has said that 77 per cent of the depositors can withdraw their money with the Rs 40,000 limit.
PMC depositors protest outside RBI office seeking payback
29 Oct 2019 5:49 PM

Five persons, including HDIL promoters and bank's top management, have been arrested.

Thousands of depositors across various branches stood outside demanding answers on their life savings.
Depositors protest as curbs put on Indian co-operative bank
26 Sep 2019 10:01 AM

The central bank and barred from renewing, or granting any loans, or making investments.

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