pmc scam
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.

On September 23, the RBI had imposed regulatory restrictions on the PMC Bank for six months over alleged financial irregularities.
PMC case: 'Depositors can approach RBI admin for emergency withdrawals'
19 Nov 2019 4:19 PM

The apex bank also stated that a largescale wrongdoing has been found in the PMC bank.

Reserve Bank Governor Shaktikanta Das.
Closely monitoring situation at PMC Bank; forensic audit underway: Das
07 Nov 2019 3:48 PM

The apex bank enhanced the cash withdrawal limit to Rs 50,000 per account.

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.

Arora is the fifth accused to be arrested in the case.
PMC Bank former director's police custody extended
22 Oct 2019 1:05 PM

Arora was last week arrested by Mumbai Police''s Economic Offences Wing (EOW) in connection with the alleged Rs 4,355 crore scam.

A single realty firm and its group companies were the beneficiaries of 44 loans, according to the complaint.
PMC Bank created over 21,000 fake accounts to hide loans: complaint
02 Oct 2019 9:07 AM

The RBI has barred the bank from renewing or granting any loans or making investments without prior approval of the central bank.

  • « First
  • « Previous
  • 1
  • Next »
  • Last »

1 of 1