pmc bank news

Sanjay Raut, while holding a press conference in Mumbai early this week, had denied any wrongdoing on the part of his wife and said they were in correspondence with the ED in connection with the case for about one-and-a-half months.

india news

Published on Jan 01, 2021 11:09 pm IST

PMC Bank depositors on hunger strike in Mumbai, seek relief from RBI

A banner at the protest site near the RBI headquarters in Fort, Mumbai, on November 26.

business

Updated on Nov 26, 2020 03:45 pm IST

Scam-hit PMC Bank invites Expression of Interest from potential investors for reconstruction

The newly-appointed administrator of PMC Bank, A K Dixit, in a letter to the bank’s customers and stakeholders, said all possible options are being explored to find a meaningful resolution of the problems at the lender

business

Published on Nov 03, 2020 05:03 pm IST

PMC bank fraud case: ED attaches three Delhi hotels worth ₹100 crore

The ED found that Wadhawans laundered more than Rs 2500 crore out of a total Rs 6600 crore the company - HDIL - had taken from PMC Bank between 2007 and 2013.

india news

Updated on Sept 19, 2020 06:40 am IST

PMC Bank fraud: HC rejects bail plea of bank director Jasvinder Singh Banwait

A preliminary probe by the Reserve Bank of India (RBI) found that PMC Bank had replaced suspicious 44 loan accounts with 20,149 fictitious bank accounts, whose individual balances were low.

india news

Updated on May 13, 2020 11:16 am IST

Supreme Court stays release of PMC Bank accused on Centre’s plea against Bombay HC order

The Bombay High Court has asked for auction of the properties of accused and the money to be distributed among account holders of PMC Bank.

india news

Updated on Jan 16, 2020 12:54 pm IST

PMC Bank fraud: Retired high court judge to oversee recovery process

PMC Bank account holders on a protest in Mumbai, on January 5.

mumbai news

Updated on Jan 15, 2020 12:15 pm IST

PMC Bank fraud: ‘HDIL gave ₹70 cr to bank directors’ family’

HT Image

mumbai news

Updated on Dec 04, 2019 12:52 am IST

RBI plans to set up college of supervisors: Shaktikanta Das

The RBI has created a unified department of supervision and a unified department of regulation from November 1 this year.

business

Updated on Nov 18, 2019 09:15 pm IST

PMC Bank fraud: Son of former MLA held in Mumbai; ninth arrest in case

The Wadhawans along with former PMC Bank MD Joy Thomas, former PMC Bank chairman Waryam Singh, former PMC Bank director Surjit Singh Arora and three auditors have been arrested in the PMC fraud case so far.

mumbai news

Updated on Nov 17, 2019 05:49 am IST

Centre considers raising insurance for deposits, more RBI scrutiny for banks

RBI office in New Delhi

business

Updated on Nov 11, 2019 09:34 am IST

RBI increases PMC Bank withdrawal limit to ₹50,000

Depositors gather outside "Punjab & Maharashtra Co-operative bank" of Andheri east in Mumbai.

mumbai news

Updated on Nov 05, 2019 11:52 pm IST

74-yr-old PMC Bank depositor dies of cardiac arrest

HT Image

mumbai news

Updated on Nov 05, 2019 08:50 am IST

No need to escalate one case to reflect everything to do with IBC,says Nirmala Sitharaman

The Insolvency and Bankruptcy Code, 2016 (IBC) is the bankruptcy law of India which seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy.

business

Published on Oct 20, 2019 05:24 pm IST

83-year-old PMC Bank depositor dies; had no funds for heart surgery

This is the fourth incident in which a PMC Bank account holder has passed away since restrictions were imposed in September.

mumbai news

Updated on Jul 12, 2020 10:07 pm IST

News updates from Hindustan Times at 9 PM: Nirmala Sitharaman slams ex-PM Manmohan Singh at Columbia University and all the latest news at this hour

New York: Union Minister for Finance and Corporate Affairs Nirmala Sitharaman (L) speaks on ‘Indian Economy: Challenges and Prospects’ at Columbia University in New York.

india news

Updated on Oct 18, 2019 08:54 pm IST

In PMC bank case, HDIL promoters Rakesh, Sarang Wadhwan sent to ED custody till Oct 22

The father-son duo were produced before the court on Friday afternoon after ED obtained their custody from the jail.

mumbai news

Updated on Oct 18, 2019 07:33 pm IST

News updates from Hindustan Times: SC refuses to entertain plea by PMC account holders for lifting restrictions on cash withdrawals and all the latest news at this hour

Here are today’s top news, analysis and opinion curated for you.

india news

Updated on Oct 18, 2019 01:12 pm IST

‘Approach high court’: Supreme Court on PMC Bank account holders’ plea

india news

Updated on Oct 18, 2019 12:40 pm IST

On Sitharaman’s barb, Manmohan Singh says ‘no comment’. Then a dart

Dr Manmohan Singh is in Mumbai to campaign for the Congress in the Maharashtra assembly elections next week.

elections

Updated on Jul 12, 2020 06:22 am IST

PMC Bank’s former director Surjit Singh Arora fifth to be arrested in fraud

PMC bank depositors protest outside Killa Court, in Mumbai, Wednesday, Oct. 9, 2019.

mumbai news

Updated on Oct 17, 2019 08:55 am IST

SC to hear plea on insurance for co-op bank customers after PMC bank fraud

The Supreme Court will hear on Friday a petition seeking 100% insurance coverage of deposits made by customers of cooperative banks.

india news

Updated on Oct 17, 2019 02:53 am IST

PMC Bank customers demand Rs 5000 crore bailout package from PM Narendra Modi

Depositors of the Punjab and Maharashtra Co-operative Bank (PMC) display placards during a protest over the Reserve Bank of India (RBI)'s curb on the bank, outside Esplanade court in Mumbai on Wednesday.

mumbai news

Updated on Oct 16, 2019 07:23 pm IST

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