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Latest Articles in PMC Bank

RBI Issues Draft Scheme For PMC Bank's Takeover By Unity Small Finance Bank

The draft scheme of amalgamation envisages the takeover of the assets and liabilities of PMC Bank, including deposits, by the USFB, thus giving a greater degree of protection for the depositors.

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PMC Bank Customers To Not Get Rs 5 Lakh Deposit Cover In First Lot, Says RBI

The RBI had superseded the board of PMC Bank and placed it under various regulatory restrictions after detection of certain financial irregularities, hiding and misreporting of loans given to real estate developer HDIL.

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PMC Bank Fraud: ED Attaches HDIL Group's Shares Worth Rs 233 Crore

HDIL group companies would be allotted constructed area of FSI measuring 90,250 square feet of the carpet area in the proposed building.

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Given Approval To Set Up Small Finance Bank To Take Over PMC Bank: RBI To HC

The application was filed in Misra's main PIL seeking directions to the RBI to ease the moratorium on withdrawals from the PMC Bank during the coronavirus pandemic.

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RBI Extends Regulatory Restrictions On PMC Bank Till Dec To Enable Completion Of Its Takeover

The RBI had extended the regulatory restrictions on the cooperative bank by six months till December 22, 2020. Later it was further extended till June 30, 2021.

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PMC Bank Depositors Should Get Back Deposits Without Any Condition: NCUI

The PMC Bank had invited Expression of Interest (EoI) from eligible investors for investment/ equity participation for its reconstruction and had received four proposals.

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RBI Allows Centrum To Take Over PMC, Re-Launch It As SFB In JV With BharatPe

The PMC books were so bad that as much as 73 per cent of its assets or over Rs 6,500 crore of its loan book of Rs 8,880 crore were to one account HDIL, and all of them had turned dud as of September 19, 2019.

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RBI Allows Centrum To Set Up Small Finance Bank, Paves Way For Takeover Of PMC Bank

The PMC Bank had invited Expression of Interest (EoI) from eligible investors for investment/ equity participation for its reconstruction and had received four proposals.

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RBI Says Engaged With Prospective Investors To Secure Best Terms For PMC Bank Depositors

PMC Bank's total deposits stood at Rs 10,727.12 crore and total advances at Rs 4,472.78 crore. Gross NPA of the bank stood at Rs 3,518.89 crore at end-March 2020.

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ED Arrests 2 After Raids Against Maharashtra MLA In PMC Bank Fraud Case Mu'

Action was taken against the two as they were allegedly not cooperating in the investigation. The ED will now seek their custody when they are produced before a local court in Mumbai on Saturday

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Delhi HC directs PMC Bank to consider afresh applications of depositors seeking money for emergencies

Delhi HC directs PMC Bank to consider afresh applications of depositors seeking money for emergencies

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ED Summons Sanjay Raut's Wife Again In PMC Bank Money Laundering Case

Pravin Raut has been a director in a infrastructure company called Guruashish constructions and is stated to be a subsidiary of the HDIL (Housing Development Infrastructure Limited), an accused firm in this case.

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Allowed PMC Bank To Approve Requests For Withdrawal On Hardship Grounds To Avoid Delays In Disbursal: RBI To HC

A bench of Chief Justice D N Patel and Justice Prateek Jalan had said that since the RBI has imposed withdrawal restrictions on the Punjab and Maharashtra Cooperative (PMC) Bank, the central bank should have been the one taking the decision on allowing disbursals on hardship grounds.

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PMC Bank: ED Attaches Rs 72-cr Assets Of Man Whose Wife Transferred Funds To Sena Leader's Spouse

The ED recently summoned Varsha Raut for questioning with regard to this transaction and a few other deals leading to a political blame game between Maharashtra and the Centre with various constituents of the Maha Vikas Aghadi (MVA) led state government alleging that the Centre was using federal probe agencies to harass them.

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Delhi HC adjourns to Jan 4 application to allow withdrawal from PMC Bank for emergencies

Delhi HC adjourns to Jan 4 application to allow withdrawal from PMC Bank for emergencies

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