pmc bank
Govt, RBI must resolve mess in banking sector
The RBI’s sudden regulatory action on Yes Bank leaves many questions unanswered.
SC stays Bombay HC order directing sale of HDIL assets to repay dues of PMC bank
The Mumbai Police's Economic Offences Wing and the ED registered offences against senior bank officials and HDIL promoters.
Depositors hit out at RBI for failure
A division bench of Justice S.C. Dharmadhikari and Justice R.I. Chagala was hearing the PILs and writ petitions filed by the PMC Bank depositors.
78 pc depositors of PMC Bank can withdraw entire deposits: govt
Maharashtra-based PMC Bank can withdraw upto Rs 1 lakh by invoking the 'hardship provisions' of the RBI.
Dearth of risk management professionals raises concern
In a competitive world where businesses are rewarded for high growth, the risk management often takes the back seat.
Bank director, son of ex-BJP MLA from Mumbai arrested over his role in PMC Bank Scam
So far, 9 persons have been arrested in connection with the PMC scam including three top bank officials and two promoters of HDIL.
Closely monitoring situation at PMC Bank; forensic audit underway: Das
The apex bank enhanced the cash withdrawal limit to Rs 50,000 per account.
PMC depositors gather outside RBI Delhi, demand assurance from central bank
On Tuesday, the RBI increased the withdrawal limit from the bank's customers to Rs 50,000.
PMC Bank: Withdrawal limit raised to Rs 50,000
The RBI has also allowed PMC Bank account holders to withdraw money from the bank's own ATMs within the prescribed limit of Rs 50,000.
Withdrawal limit for PMC Bank depositors raised to Rs 50,000
With the above relaxation, more than 78 per cent of the depositors of the bank will be able to withdraw their entire account balance.