SEARCHED FOR:PUNJAB STATE COOPERATIVE BANK
One year later, PMC Bank depositors still struggling to get their money back
PMC Bank depositors have spent the last one year holding protests, meeting politicians, writing to various authorities in an effort to get their hard-earned money back.
Our assets losing value everyday, no steps taken to sell them despite consent, say Wadhawans
Counted among top builders in the city, Rakesh K...
Lok Sabha passes legislation to bring cooperative banks under RBI's supervision
Replying to the debate on the bill, Finance Minister Nirmala ...
India's fraud-hit PMC Bank asked other major banks for a merger, says administrator
Authorities started investigating Punjab and Maharashtra Co-operative Bank (PMC) for fraud last year and the Reserve Bank of India (RBI) took control of it after detecting financial irregularities.
PMC Bank depositors seek views of RBI ex-Guv Urjit Patel, his deputy Viral Acharya
PMC depositors have sought the views of RBI ex-Guv Urjit Patel and his deputy Viral Acharya on several issues, including monetisation of the attached assets and merger with large private banks.
Bringing co-operative banks under RBI could create challenges for state governments
The central bank and state governments may often end up in courts over the powers of the RBI in overruling the managements of the lenders if the veto power vested with the regulator through the amendments to the Act clashes with the interests of local politicians who mostly control co-operative banks, analysts said.
HC queries Centre, RBI on different treatment to PMC Bank depositors vis-a-vis Yes Bank
The court noted that as per a March notification issued by the Centre, the RBI as well as the central government had a crucial role to play in the decision taken to permit, firstly, the Yes Bank Limited Reconstruction Scheme 2020 being brought into play and, secondly, to have it funded.
Umbrella unit to shore up urban co-operative banks
UCBs caught media attention in Sep this year when RBI put curbs on PMC bank
President promulgates ordinance to bring co-operative banks under RBI supervision
The Ordinance amends the Banking Regulation Act, 1949 as applicable to cooperative banks, an official statement said on Saturday. The amendments do not affect existing powers of the State Registrars of Co-operative Societies under state co-operative laws, it added.
Does RBI wants co-operative banks to wither away?
The RBI has often acted with haste and betrayed its understanding of co-operative banks.
PMC bank not linked with Punjab State Cooperative Bank & District Central Cooperative Banks
Cooperative Banks of Punjab in sound financial condition, says MD SK Batish.
Government mulls raising insurance cover on bank deposits to above Rs 1 lakh: Nirmala Sitharaman
FM said the government will bring legislations on raising bank deposit cover from the current Rs 1 lakh.
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 September 23, 2019, as modified from time to time, has been extended for a further period of three months from March 23, 2020 to June 22, 2020, subject to review," the RBI said in a release.
Punjab and Maharashtra Cooperative Bank administrator to move EoW against ex-management soon
The FIRs will be filed at the Economic Offence Wing (EOW) of the Mumbai police.
Maharashtra govt working on merging PMC and MSC Banks: Jayant Patil
Speaking on the issue of PMC bank depositors, Nationalist Congress Party (NCP) leader Jayant Patil said, “Depositors of Punjab and Maharasht...