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Punjab Maharashtra Co Operative Bank

Is Your Money Safe? Why Indians Are Losing Their Trust In Banks

Bad loans and frauds are just some of the symptoms of illness that is afflicting the Indian banking sector. Even the Reserve Bank of India is worried that the common man is losing confidence

01 November 2019

51-Year-Old Man With Rs 90 Lakh Deposit In PMC Bank Dies Hours After Protest

A former Jet Airways staff, Sanjay Gulati, had already lost his job earlier this year following the grounding of the airlines.


RBI, Finance Ministry To Discuss Shortcomings In Co-Op Bank Laws: Sitharaman On PMC Scam

Members of the Finance Ministry and the RBI will look into the matter of the PMC scam and try to amend the laws so that cases like these can be curtailed


No Relief For PMC Depositors As Supreme Court Refuses To Hear Plea

The apex court said the PMC bank account holders can approach High Court concerned for relief.

18 October 2019

RBI Raises PMC Bank Customers' Withdrawal Limit To Rs 40,000

The move follows the weekend assurance by finance minister Nirmala Sitharaman to urge the Reserve Bank to look into the woes of the depositors of the cooperative bank with urgency.


PMC Bank Scam: Police Custody Of Wadhwans, Waryam Singh Extended Till Oct 14

Customers of the bank, who are facing severe restrictions on withdrawal of funds since the dire situation of the bank came to light, demand that there should be 'only jail and no bail' for the accused.

09 October 2019

'Maharashtra Worst Hit By Slowdown': Manmohan Singh Sounds Alarm On Indian Economy

Manmohan Singh said government's import-export policies were hurting the Indian economy.

17 October 2019

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ED Raids 6 Locations In Mumbai In PMC Bank Money-Laundering Case

According to the initial investigation, PMC bank's losses since 2008 are Rs 4,355.46 crore.

04 October 2019

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04 October 2019
RBI Enhances Withdrawal Limit For PMC Bank Depositors To Rs 25,000

RBI Enhances Withdrawal Limit For PMC Bank Depositors To Rs 25,000

The Reserve Bank of India has raised the withdrawal limit for depositors of Punjab and Maharashtra Cooperative Bank Ltd to Rs 25,000 from Rs 10,000.


01 October 2019
As PMC Bank Loses Rs 4,300 Cr, Police File FIR Against Officials For Cheating

As PMC Bank Loses Rs 4,300 Cr, Police File FIR Against Officials For Cheating

Mumbai Police's Economic Offences Wing filed an FIR the case for forgery and criminal conspiracy against PMC officials.


26 September 2019
RBI Increases Withdrawal Limit To Rs 10,000 For PMC Bank Account Holders

RBI Increases Withdrawal Limit To Rs 10,000 For PMC Bank Account Holders

The depositors will be able to withdraw the said amount from their savings, current or any other deposit accounts at the bank.


26 September 2019
Police Complaint Against PMC Bank Officials For Alleged Misappropriation Of Funds

Police Complaint Against PMC Bank Officials For Alleged Misappropriation Of Funds

The delegation in its complaint alleged that at least 14 people were involved in misappropriation of funds of the account holders.


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