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5 mins read

Two years after the PMC Bank crisis, depositors of stressed banks to get up to ₹5 lakh by December

“Accordingly, DICGC shall pay the depositors of the insured banks (as per list) placed under AID…

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2 mins read

The former boss of India's largest bank joins a soon-to-be small finance bank — here's why

The three-year-old startup plans to expand itself into a small finance bank, catering to the nee…

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2 mins read

PMC Bank will have a new owner in Centrum and BharatPe

The PMC Bank has been facing regulatory action and investigations over the alleged irregularit…

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2 mins read

Tiger Global pumps enough money to make BharatPe a unicorn about a month after it got a banking licence with Centrum as its partner

BharatPe is the latest entrant to the unicorn club, after it raised $370 million in a Series E roun…

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1 min read

Lakshmi Vilas Bank is the fifth financial firm to collapse in India within the last 30 months

The downfall of Lakshmi Vilas Bank (LVB) was in the making for over a year, and it’s only the mos…

Prabhjote Gill   


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2 mins read

PMC Bank scam: Sanjay Raut's wife Varsha deposes before ED in connection with the money laundering probe

According to ED sources, she arrived at the financial probe agency office here in the afternoon.…

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1 min read

Shiv Sena MP Sanjay Raut's wife summoned for questioning in PMC Bank money laundering case

The summons for questioning has been issued to her under the provisions of the Prevention of Mon…

PTI   


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3 mins read

In pics: Thousands of customers of a small bank in India panic after the regulator cracks the whip

Thousands of customers of Punjab & Maharashtra Cooperative Bank (PMC) woke up to a terse notifi…

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1 min read

PMC Bank issue raised in Lok Sabha

R S Sharma (BJP) said the government

PTI   


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1 min read

PMC Bank case: HC seeks info on health condition of Wadhawans

The fraud at the Punjab and Maharashtra Cooperative (PMC) Bank came to light in September 2019 afte…

PTI   


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1 min read

Bombay HC grants bail to PMC Bank fraud case accused

"He has various medical complications, including the said surgery, and a spinal refiguration. The c…

PTI   


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1 min read

RBI extends regulatory restrictions on PMC Bank by 3 months

"It is hereby notified for the information of the public that the validity of the directive dated …

PTI   


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1 min read

Slowdown or not, these India’s banks and shadow banks are in trouble

Those who choose not to remember 2019 as a year of slowdown can remember it as a year of banking fa…

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1 min read

RBI doubles withdrawal limit to Rs 1 lakh for PMC Bank depositors

"Further, on a review of the bank's liquidity position, its ability to pay the depositors and with…

PTI   


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1 min read

RBI to supervise cooperative banks — they will adhere to the same rules as other scheduled banks in India

The Union Cabinet has decided to bring all cooperative banks under the supervision of the Reserve B…

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1 min read

Appreciate difficulties of PMC bank depositors on moratorium on withdrawals, HC to Centre, RBI

After hearing all sides in the matter, the bench said,"We direct the concerned respondents to appre…

PTI   


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2 mins read

Scam-hit PMC bank depositors are inspired by Shaheen Bhag protests

Scam-hit PMC Bank's depositors from Delhi staged a protest outside the Reserve bank of India here o…

PTI   


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3 mins read

Maharashtra Co-op Bank pitches for branch merger of PMC Bank

Mumbai, Feb 4 () Maharashtra State Co-operative (MSC) Bank has written to Union Finance Minister Ni…

PTI   


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2 mins read

PMC Bank crisis: Administrator to seek valuation of HDIL's aircraft, yacht

Mumbai, Dec 27 () The RBI-appointed administrator of scam-hit Punjab and Maharashtra Co-operative B…

PTI   


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2 mins read

HC asks Centre if it intends to infuse funds to support scam-hit PMC Bank

The high court, in its order, said "The Union of India, Ministry of Finance, will file an affidavit…

PTI