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Sanjay Gulati, a resident of suburban Oshiwara, went to a protest march held outside a city court on Monday morning and had been under stress because of his deposit being stuck, said Manali Narkar, who was among the agitating depositors. (Photo: Twitter)

Ex-Jet Airways employee with Rs 90L in PMC Bank dies of heart attack...

According to reports in a section of media, Gulati lost his job after the grounding of Jet Airways and is survived by a...

15 Oct 2019 6:47 AM GMT

Sitharaman said there was no disagreement at the meeting, which she described as tonic-like . (Photo: ANI)

After FM's intervention, withdrawal limit for PMC Bank customers...

RBI is monitoring the developments and shall take necessary steps in the interest of the depositors.

14 Oct 2019 3:00 PM GMT

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

RBI raises PMC Bank customers' withdrawal limit to Rs 40,000

With this, about 77 per cent of the depositors will be able to withdraw their entire account balance, said RBI.

14 Oct 2019 2:26 PM GMT

CM Fadnavis said that the administration should cautiously take mitigation measures to provide relief to the drought-affected farmers.

Fadnavis assures depositors of PMC bank that issue will be discussed...

The bank had allegedly lent over 70 pc of its Rs 9,000 crore in loans to near-bankrupt realty player.

12 Oct 2019 6:52 AM GMT

They will discuss legislative steps needed to prevent such incidents from happening and empower the regulator better, FM Nirmala Sitharaman said. (Photo: ANI)

PMC Bank: Sitharaman faces protesters; promises legislation

The depositors had gathered outside the BJP's office here ahead of FM Nirmala Sitharaman's scheduled press interaction.

10 Oct 2019 9:30 AM GMT

Similar trend was seen on the NSE, where the Housing Development and Infrastructure Ltd (HDIL) stock hit its 52-week low of Rs 3.20 down 4.48 per cent over its previous closing price.

Shares of HDIL hit lower circuit; fall 4.73 per cent

On the BSE, the stock of the company fell 4.73 per cent to its lower circuit limit of Rs 3.02, which was also its...

9 Oct 2019 7:14 AM GMT

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

PMC Bank crisis: It's time to massively increase depositor insurance

The PMC crisis has brought to the fore the need to increase the deposit insurance coverage provided by the DICGC.

8 Oct 2019 12:02 PM GMT

FICOs survey found that 40 percent of respondents said digital-only banks and fintechs were the greatest competition to their business. (Photo: Pixabay)

Don't fall for 1 or 2 per cent more FD rate at small banks

The regulator clearly has too much on his plate and is not equipped to detect wrong doing in a timely fashion.

6 Oct 2019 8:49 PM GMT

Depositors protested at Punjab and Maharashtra Co-operative Bank (PMC Bank) branches

Is your money safe with the bank?

NCDs are a debt instrument with a fixed tenure and people who invest in these receive regular interest at a certain...

6 Oct 2019 11:26 PM GMT

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

Former MD of PMC Bank arrested in Rs 6500 crore fraud

The agency conducted searches at six places in Mumbai and neighbouring areas linked to the former chairman of the bank,...

4 Oct 2019 2:40 PM GMT

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

HDIL promoters, PMC Bank board members charged with money-laundering

Mumbai Police arrested the tow directors at HDIL, Rakesh Wadhawan and Sarang Wadhawan on Thursday.

4 Oct 2019 5:03 AM GMT

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

HDIL directors arrested, assets worth Rs 3,500 crore attached in PMC...

More details awaited.

3 Oct 2019 12:38 PM GMT