PMC Bank
- Finance
RBI Announced Draft Scheme of Amalgamation of PMC Bank with USFB
The draft scheme envisages takeover of assets and liabilities of PMC Bank, including deposits, by the USFB in terms of…
Read More » - FinTech
BharatPe and Centrum Jointly to Take Over PMC Bank
With the Reserve Bank of India (RBI) giving an “in-priciple” approval to Centrum Financial Services for setting up a small…
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Restrictions on PMC Bank Extended by RBI
Maharashtra-based cooperative bank was placed under restrictions with effect from close of business on September 23, 2019 in the interest…
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Withdrawal Limit for PMC Bank Depositors Increased to 1 Lakh: RBI
"On a review of the bank's liquidity position, its ability to pay the depositors and with a view to mitigating…
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PMC Bank Scam: Ex-Director Sent to Custody Till October 22
Mumbai court remanded in police custody till October 22 Punjab and Maharashtra Cooperative (PMC) Bank’s former director Surjit Singh Arora…
Read More » - Food Processing
Nirmala Sitharaman Says Regulations Will be Made More Strong
Facing flak from several quarters on the PMC Bank fraud case, Finance Minister Nirmala Sitharaman on Thursday said that if…
Read More » - News
RBI is Analysing Auditing Issues in PMC Bank Case: Thakur
Terming the Punjab and Maharashtra Cooperative (PMC) Bank crisis as an “eye opener”, Minister of State for Finance Anurag Thakur…
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