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Latest Articles in PMC Bank

PMC Bank Depositors Detained While Protesting Outside CM Thackeray's House

The depositors also held protests outside Reserve Bank of India (RBI)'s office in Mumbai, where people especially women were heard sloganeering-

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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.

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What Steps Taken To Help PMC Bank Depositors, HC Asks RBI

The Enforcement Directorate is investigating the case and has attached the assets of HDIL promoters.

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PMC Bank Scam: Depositors Stage Protest In Mumbai

The protestors raised slogans and held placards which read 'Black Diwali, Save Us' and 'Innocents are losing life'.

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PMC Bank Former Director's Police Custody Extended

Arora was last week arrested by Mumbai Police's Economic Offences Wing (EOW) in connection with the alleged Rs 4,355 crore scam.

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SC Dismisses Plea By PMC Account Holders Over Cash Withdrawals

Govt is aware of the seriousness of the situation and the ED is taking appropriate action against the culprit.

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Will Be Personally Following Up With Centre On PMC Bank Issue, Says Fadnavis

Releasing BJP's manifesto for the upcoming polls in the state along with BJP Working President JP Nadda today, Fadnavis said, "We will request the Centre to help depositors get their money back."

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RBI Enhances Withdrawal Limit For PMC Bank Depositors To Rs 40,000

The central bank is closely monitoring the developments and shall continue to take necessary steps in the interest of the depositors of the bank.

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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.

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Before RBI Clampdown, PMC Bank Saw Huge Cash Withdrawals From Big Depositors

RBI has put on PMC strict restrictions including limiting withdrawals at Rs 10,000 and banning it from lending for next six months.

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PMC Bank Crisis 'Eye Opener', RBI Looking Into Lapses: Thakur

PMC Bank came under stress due to alleged financial irregularities forcing the RBI to impose restriction on it.

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Over Two-thirds Of PMC’s Loan Exposure Is In HDIL Group

PMC gave a fresh Rs 96-crore loan to HDIL in August to help the company pay off Bank of India and avoid NCLT proceedings.

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RBI Imposes Restrictions On PMC Bank; Withdrawal Restricted To Rs 1,000 Per Account

The RBI monitors banks' health and issues such directions in case of concerns over financial health of an institution. However, no reasons were specified by the central bank for its restrictions on PMC Bank.

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