Tue, Dec 28, 2021
Reserve Bank of India (RBI) has extended the restrictions as further action on the draft scheme for the takeover of the crisis-hit bank by the Delhi-based Unity Small Finance Bank (USFB) is in process
More >
Mon, Nov 22, 2021
The draft scheme of amalgamation published today, envisages takeover of the assets and liabilities of PMC Bank including deposits, by the USFB in terms of the provisions of the scheme giving a greater degree of protection for the depositors.
Mon, Oct 11, 2021
In an important development, the Enforcement Directorate (ED) plans to release Housing Development and Infrastructure (HDIL)'s mortgaged assets with PMC Bank.
Wed, Sep 22, 2021
Punjab and Maharashtra Co-operative Bank (PMC) account holders can get up to Rs 5 lakh according to a statement released by Deposit Insurance and Credit Guarantee Corporation (DICGC).
DICGC will pay the depositors of the insured banks (as per list) placed under AID (with restrictions on withdrawal of deposits), an amount equivalent to the deposits outstanding (up to a maximum of Rupees Five Lakh only) within a period not exceeding 90 days.
Tue, Aug 31, 2021
PMC Bank account holders ALERT! Depositors of stressed banks like Punjab & Maharashtra Cooperative (PMC) Bank are now set to get up to Rs 5 lakh back from November 30 as the government has notified the amendment to the DICGC Act.
Mon, Jul 12, 2021
The Reserve Bank of India (RBI) Monday told the Delhi High Court that it has given in-principle approval for setting up a small finance bank which will take over the scam-hit PMC Bank soon
Mon, Jun 21, 2021
After nearly two years, crisis-hit Punjab and Maharashtra Co-operative (PMC) Bank is all set to get back on its feet after the Reserve Bank of India (RBI) on June 18 gave in-principle approval to set up Centrum Financial Services. A Small Finance Bank (SFB).
Sat, Jun 19, 2021
PMC Bank Takeover: The Reserve Bank of India has granted in-principal approval to Centrum Financial Services Limited to set up a small finance bank, paving the way for takeover of Punjab & Maharashtra Co-operative Bank.
Fri, Mar 26, 2021
Punjab and Maharshtra Cooperative (PMC) Bank has received binding offers from investors for its reconstruction, the Reserve Bank of India (RBI) on Friday said in an official communiqué.
Fri, Dec 18, 2020
4 companies have shown interest in investing in PMC Bank, facing RBI ban after the scam.
Sun, Jul 12, 2020
RBI Governor Shaktikanta Das has confirmed that the Reserve Bank of India (RBI) is engaged with the stakeholders to find a 'workable solution' for Punjab and Maharashtra Cooperative Bank (PMC) as losses are high.
Sun, Mar 01, 2020
The Parliament is likely to clear a Bill to amend Banking Regulation Act to bring multi-state cooperative banks under effective regulation of RBI during the Budget session.
Tue, Feb 25, 2020
Tek Chand, who has an account with Tilak Nagar branch, said, "My wife is a kidney patient and she has to undergo dialysis thrice every month. What am I supposed to do? I have been left helpless due to the situation. It is our hard earned money."
Thu, Dec 05, 2019
Maharashtra government plans to merge PMC bank with Maharashtra co-operative bank, state government gives financial aid for the merger.
Mon, Nov 18, 2019
The bank account holders may get their money back, if all the properties are sold. The police have already seized properties worth Rs 4,000 crore along with buildings, jewellery, lockers etc.
Fri, Nov 08, 2019
Last month Finance Minister Nirmala Sitharaman had after meeting PMC Bank depositors promised to bring in legislation in the upcoming winter session of Parliament to amend the Act governing cooperative banks.
Tue, Nov 05, 2019
PMC Bank crisis: The Reserve Bank of India (RBI) on Tuesday increased the ATM withdrawal limit for PMC account holders. The apex bank has decided to increase the PMC Bank ATM withdrawal limit to Rs 50,000. This is done in order to ease the process of withdrawals, according to RBI.
Thu, Oct 31, 2019
Big Relief for PMC Bank depositors as RBI asks Mumbai Police to release attached assets for auction.
Wed, Oct 30, 2019
Ministry of Finance is working on to give the full amount to PMC Bank customers. Watch this video to know more.
Tue, Oct 29, 2019
PMC bank scam victim customers protested in front of RBI headquarters today. Watch this video to know more.
Mon, Oct 28, 2019
A large number of people have invested in the gold schemes of Goodwin Jewelers. The condition of people investing in Goodwin Jewelers is bad due to shutdown of their showrooms.
Sat, Oct 26, 2019
RBI upset of Odisha government's letter which created doubt in between the customers of PMC bank. Watch this video to know more.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
