Pmc

Probe Agency Raids Ex PMC Bank Director's Mumbai Apartment

India News | Press Trust of India | Sunday November 17, 2019

A day after Rajneet Singh, son of former BJP MLA Sardar Tara Singh, was arrested in connection with the Punjab and Maharashtra Cooperative (PMC) Bank scam, the Economic Offences Wing (EOW) of the Mumbai Police on Sunday conducted a search at his Sion residence, an official said.

Former Director Of Crisis-Hit PMC Bank Rajneet Singh Arrested, Questioned On Loans

India News | Edited by Stela Dey | Saturday November 16, 2019

A former director of the Punjab and Maharashtra Bank (PMC) was arrested on Monday by Mumbai police's Economic Offences Wing (EOW) in connection to a multi-crore scam. Rajneet Singh, the ninth arrest in the case, is the son of former BJP MLA from Mumbai's Mulund Tara Singh.

Government Considers Raising Insurance Cover On Bank Deposits

Business | Edited By Anshul (With inputs from agencies) | Saturday November 16, 2019

The government is considering proposals on raising insurance cover on bank deposits from the current Rs 1 lakh and regulating multi-state cooperative banks, Finance Minister Nirmala Sitharaman said on Friday. The new legislations in this regard will be brought during the winter session of Parliament starting Monday, she added. At present, bank depo...

Auditor Arrested In PMC Bank Scam, Eighth Arrest In Case

India News | Press Trust of India | Wednesday November 13, 2019

The Economic Offences Wing (EOW) of Mumbai Police has arrested an auditor in connection with the alleged Rs 4,355 crore scam at the Punjab & Maharashtra Cooperative (PMC) Bank, an official said on Wednesday. This is the eighth arrest in the case.

No Funds For Kartarpur, Say Sikhs In Maharashtra Hit By PMC Bank Crisis

India News | Press Trust of India | Monday November 11, 2019

At least 1,950 Sikhs from Maharashtra could not go to Gurudwara Darbar Sahib in Pakistan after opening of the Kartarpur corridor as they are facing financial crunch due to a scam at the Punjab and Maharashtra Cooperative (PMC) Bank, a senior community leader claimed.

Closely Monitoring Situation At PMC Bank, Forensic Audit Underway: Shaktikanta Das

Business | Press Trust of India | Thursday November 7, 2019

RBI had imposed withdrawal restrictions on account-holders after it found alleged irregularities to the tune of Rs 4,355 crore.

PMC Customers Protest Outside RBI In Delhi, Demand Full Money Withdrawal

India News | Pres Trust of India | Wednesday November 6, 2019

Scam-hit Punjab & Maharashtra Co-operative Bank's depositors staged protest outside the Reserve Bank Of India (RBI) office here on Wednesday, demanding complete withdrawal of their money from the bank.

9 Detained For Trying To Meet Nirmala Sitharaman During PMC Protest

India News | Press Trust of India | Tuesday November 5, 2019

At least nine depositors of the scam-hit Punjab and Maharashtra Cooperative (PMC) Bank were detained on Tuesday when they tried to meet Union Finance Minister Nirmala Sitharaman at an event in Mumbai, police said.

Withdrawal Limit Raised To Rs 50,000 For Crisis-Hit PMC Bank Customers

Business | Edited By Abhishek Vasudev | Tuesday November 5, 2019

This is the fourth time the regulator has increased the withdrawal limits for PMC Bank account holders since it clamped down on bank on September 23.

74-Year-Old Thane Man Becomes 8th Victim In PMC Bank Crisis

India News | Press Trust of India | Monday November 4, 2019

Another depositor of the troubled cooperative lender PMC Bank has died allegedly due to an inability to take care of his medical bills, his family members said on Monday.

RBI Revamps Departments For Effective Supervision, Regulation Of Banking Sector

Business | Press Trust of India | Saturday November 2, 2019

The banking sector has witnessed a series of scams, including about Rs 14,000 crore fraud in Punjab National Bank and the recent PMC Bank crisis that affected lakhs of depositors.

High Court Seeks Centre, RBI Response On Insuring PMC Bank Customers

India News | Indo-Asian News Service | Friday November 1, 2019

The Delhi High Court on Friday asked the Centre, the RBI and others to file response plea seeking directions for redressal of certain aspects, including ensuring depositors' money blocked in the scam-hit Punjab and Maharashtra Co-operative (PMC) Bank and to frame guidelines to safeguard deposited money.

Mumbai Woman With PMC Account Dies, Daughter Says Was Stressed Over Scam

Mumbai News | ANI | Thursday October 31, 2019

A 68-year-old woman who was an account holder of the scam-hit Punjab and Maharashtra (PMC) Bank allegedly died of a cardiac arrest on Wednesday.

Rakesh Wadhawan, Son Sent To Judicial Custody In PMC Bank Scam

India News | Press Trust of India | Thursday October 24, 2019

HDIL promoters Rakesh Wadhawan and his son Sarang, arrested in connection with the Rs 4,355-crore PMC Bank scam, were remanded to judicial custody on Thursday by a special court.

Pondicherry Engineering College Attracts Top MNCs To Campus Placement Drive

Education | Edited by Shihabudeen Kunju S | Thursday October 24, 2019

Pondicherry Engineering College (PMC) students of 2019-2020 batch are attending campus placement drives from July 2019 onwards and 215 students are placed from 23 Companies.