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Lakshmi Vilas Bank's Financial Crisis Sparks Panic Among Customers
Mythili Krishnamoorthi is distraught - her family faces a medical emergency and requires a large sum of money. But all her savings are now under a withdrawal moratorium imposed by the Reserve Bank of India (RBI) on Lakshmi Vilas Bank. The Chennai resident is desperate for the banking regulator to approve her plea for exemption to withdraw up to Rs ...
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Sharad Pawar Meets Anurag Thakur To Discuss Revival Of Scam-Hit PMC Bank
NCP chief Sharad Pawar on Monday met Union Minister of State for Finance Anurag Singh Thakur to discuss possibilities for the revival of the Punjab & Maharashtra Cooperative (PMC) Bank.
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PMC Bank Depositors' Concerns To Be Taken Up With RBI, Says Jayant Patil
The Maharashtra government will take up concerns of the troubled Punjab and Maharashtra Cooperative (PMC) Bank's depositors with the RBI in a couple of days, state minister Jayant Patil said on Thursday.
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Top PMC Officials Hid HDIL Accounts From System, RBI Tells Court
Senior officials of scam-hit Punjab & Maharashtra Cooperative Bank used special codes to hide hundreds of dummy loan accounts of HDIL, to which the bank had over 73 per cent of its loan exposure, the RBI informed the Bombay High Court on Tuesday.
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Congress Seeks Intervention Of PM's Office In Resolving PMC Bank Crisis
The Congress in Maharashtra on Tuesday sought intervention of the Prime Minister's Office (PMO) in resolving the Punjab and Maharashtra Cooperative (PMC) Bank crisis.
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RBI Says PMC Depositors Can Approach It For Emergency Withdrawals
Depositors of the crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank can approach the RBI-appointed administrator for withdrawal up to Rs 1 lakh in case of medical emergencies, the RBI told the Bombay High Court on Tuesday.
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No Funds For Kartarpur, Say Sikhs In Maharashtra Hit By PMC Bank Crisis
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.
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74-Year-Old Thane Man Becomes 8th Victim In PMC Bank Crisis
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.
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"Government Obsessed...": Manmohan Singh's Comeback To Finance Minister
Manmohan Singh, responding to Finance Minister Nirmala Sitharaman's comment blaming him for the bank crisis, said today that the government "is obsessed with trying to fix blame on its opponents" instead of finding solutions. The former Prime Minister also referred to the Punjab and Maharashtra Co-operative (PMC) bank crisis, which has impacted 16 ...
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Highlights: Manmohan Singh Says Maharashtra Facing An Economic Crisis
Highlights: Former Prime Minister Manmohan Singh is expected to address the media at MCA lounge, Wankhede stadium, in Mumbai today on the topic 'Words of Wisdom on Indian Economy'. He is expected to speak on the current economic condition and banking system, and likely to broach the subject of the recent Punjab and Maharashtra Co-operative (PMC) Ba...
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Omission Of Irregularities In PMC Bank Working Will Be Probed: Mumbai Police
The Mumbai Police will investigate how the Reserve Bank of India audit missed various irregularities in the PMC bank transactions, the metropolis police chief said on Wednesday.
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Sell Our Assets To Pay Off PMC Bank's Dues, Wadhawans To RBI, Agencies
Promoters of real estate group HDIL, Rakesh and Sarang Wadhawan, who are the prime accused in the PMC Bank scam, have requested the RBI and investigation agencies to sell off their assets, including a yacht, a Rolls Royce and an aircraft, to pay off the bank's dues.
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PMC Bank Crisis: PMC Bank Customers Stage Protest Outside RBI
Around 50 depositories of the scam-hit Punjab and Maharashtra Cooperative Bank staged a protest outside the RBI demanding revoking restrictions on cash withdrawal, currently capped at Rs 40,000 over a six-month period.
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Supreme Court To Hear Plea For Protective Measures Over PMC Bank Scam
PMC Bank Scam: The petition has sought a direction for issuance of an "exhaustive and comprehensive guideline" to safeguard the banking and co-operative deposits in the eventuality of emergency financial crisis where citizens are financially stranded by the acts of few "unscrupulous persons".
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PMC Bank Case To Be Heard In Supreme Court Tomorrow, Accused In Custody Till October 23
PMC Bank crisis: Former chairman of Punjab and Maharashtra Cooperative Bank Waryam Singh and other accused HDIL directors Rakesh Wadhawan, Sarang Wadhawan have been sent to judicial custody till October 23.
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Lakshmi Vilas Bank's Financial Crisis Sparks Panic Among Customers
Mythili Krishnamoorthi is distraught - her family faces a medical emergency and requires a large sum of money. But all her savings are now under a withdrawal moratorium imposed by the Reserve Bank of India (RBI) on Lakshmi Vilas Bank. The Chennai resident is desperate for the banking regulator to approve her plea for exemption to withdraw up to Rs ...
-
Sharad Pawar Meets Anurag Thakur To Discuss Revival Of Scam-Hit PMC Bank
NCP chief Sharad Pawar on Monday met Union Minister of State for Finance Anurag Singh Thakur to discuss possibilities for the revival of the Punjab & Maharashtra Cooperative (PMC) Bank.
-
PMC Bank Depositors' Concerns To Be Taken Up With RBI, Says Jayant Patil
The Maharashtra government will take up concerns of the troubled Punjab and Maharashtra Cooperative (PMC) Bank's depositors with the RBI in a couple of days, state minister Jayant Patil said on Thursday.
-
Top PMC Officials Hid HDIL Accounts From System, RBI Tells Court
Senior officials of scam-hit Punjab & Maharashtra Cooperative Bank used special codes to hide hundreds of dummy loan accounts of HDIL, to which the bank had over 73 per cent of its loan exposure, the RBI informed the Bombay High Court on Tuesday.
-
Congress Seeks Intervention Of PM's Office In Resolving PMC Bank Crisis
The Congress in Maharashtra on Tuesday sought intervention of the Prime Minister's Office (PMO) in resolving the Punjab and Maharashtra Cooperative (PMC) Bank crisis.
-
RBI Says PMC Depositors Can Approach It For Emergency Withdrawals
Depositors of the crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank can approach the RBI-appointed administrator for withdrawal up to Rs 1 lakh in case of medical emergencies, the RBI told the Bombay High Court on Tuesday.
-
No Funds For Kartarpur, Say Sikhs In Maharashtra Hit By PMC Bank Crisis
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.
-
74-Year-Old Thane Man Becomes 8th Victim In PMC Bank Crisis
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.
-
"Government Obsessed...": Manmohan Singh's Comeback To Finance Minister
Manmohan Singh, responding to Finance Minister Nirmala Sitharaman's comment blaming him for the bank crisis, said today that the government "is obsessed with trying to fix blame on its opponents" instead of finding solutions. The former Prime Minister also referred to the Punjab and Maharashtra Co-operative (PMC) bank crisis, which has impacted 16 ...
-
Highlights: Manmohan Singh Says Maharashtra Facing An Economic Crisis
Highlights: Former Prime Minister Manmohan Singh is expected to address the media at MCA lounge, Wankhede stadium, in Mumbai today on the topic 'Words of Wisdom on Indian Economy'. He is expected to speak on the current economic condition and banking system, and likely to broach the subject of the recent Punjab and Maharashtra Co-operative (PMC) Ba...
-
Omission Of Irregularities In PMC Bank Working Will Be Probed: Mumbai Police
The Mumbai Police will investigate how the Reserve Bank of India audit missed various irregularities in the PMC bank transactions, the metropolis police chief said on Wednesday.
-
Sell Our Assets To Pay Off PMC Bank's Dues, Wadhawans To RBI, Agencies
Promoters of real estate group HDIL, Rakesh and Sarang Wadhawan, who are the prime accused in the PMC Bank scam, have requested the RBI and investigation agencies to sell off their assets, including a yacht, a Rolls Royce and an aircraft, to pay off the bank's dues.
-
PMC Bank Crisis: PMC Bank Customers Stage Protest Outside RBI
Around 50 depositories of the scam-hit Punjab and Maharashtra Cooperative Bank staged a protest outside the RBI demanding revoking restrictions on cash withdrawal, currently capped at Rs 40,000 over a six-month period.
-
Supreme Court To Hear Plea For Protective Measures Over PMC Bank Scam
PMC Bank Scam: The petition has sought a direction for issuance of an "exhaustive and comprehensive guideline" to safeguard the banking and co-operative deposits in the eventuality of emergency financial crisis where citizens are financially stranded by the acts of few "unscrupulous persons".
-
PMC Bank Case To Be Heard In Supreme Court Tomorrow, Accused In Custody Till October 23
PMC Bank crisis: Former chairman of Punjab and Maharashtra Cooperative Bank Waryam Singh and other accused HDIL directors Rakesh Wadhawan, Sarang Wadhawan have been sent to judicial custody till October 23.
