October 07, 2022 22:27 (IST)
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PMC Bank to be merged with Unity Small Finance Bank

Mumbai/IBNS: The Centre has approved the merger of cash-strapped Punjab and Maharashtra Co-operative bank with Unity Small Finance Bank (UNSFB), the Reserve Bank of India (RBI) said Tuesday.

Response for PMC Bank resolution look positive: RBI governor Shaktikanta Das

Mumbai/UNI: Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said the response from potential investors for reconstruction of crisis-ridden Punjab and Maharashtra Co-operative Bank looks "positive" so far.

ED attaches three hotels worth Rs 100 crore in PMC Bank money laundering case

New Delhi/IBNS: The Enforcement Directorate (ED) has attached three hotels in Delhi valued at Rs 100 crore in connection with its investigation in a money laundering case linked to Punjab Maharashtra Cooperative (PMC) bank fraud, officials said, according to a media report.

Reserve Bank of India doubles withdrawal limit of PMC Bank to Rs 1 lakh

Mumbai/UNI: The Reserve Bank of India (RBI) has raised withdrawal limit from fraud-ridden Punjab and Maharashtra Cooperative (PMC) Bank to Rs one lakh from Rs 50,000 while extending restrictions imposed on the bank for another six months.

PMC Bank Issue: Reserve Bank of India files affidavit in Bombay High Court

Mumbai/UNI: The Reserve Bank of India on Tuesday filed a detailed affidavit in the Bombay High Court during the hearing of number of petitions filed by the depositors of the Punjab & Maharashtra Co-operative Bank (PMC), challenging the limit imposed by it on the withdrawal of money.

PMC Bank: RBI raises withdrawal limit for customers to Rs. 50,000

Mumbai/IBNS: Giving relief to customers of trouble-torn Punjab and Maharashtra Co-Operative Bank or PMC Bank, the Reserve Bank of India on Tuesday raised the withdrawal limit for account holders to Rs. 50,000.

RBI relaxes withdrawal limit to Rs 40,000 for PMC bank depositors

Mumbai: The Reserve Bank of India (RBI) has raised the withdrawal limit for account holders of trouble-torn Punjab Maharashtra Cooperative Bank to Rs 40,000 from Rs 25,000 after going through its liquidity position and ability to pay its depositors.

PMC Bank: FM Nirmala Sitharaman says RBI taking action

New Delhi: Union Finance Minister Nirmala Sitharaman assured depositors of crisis-hit Punjab and Maharashtra Co-operative Bank of fast recovery into the trouble.

RBI relaxes restriction on withdrawal from Rs 1000 to 10,000

Mumbai: The RBI on Thursday increased the withdrawal limit of Punjab and Maharashtra Co-operative Bank (PMC) bank depositors from Rs1000 to Rs10,000, relaxing initial restrictions imposed on Sep 23.

RBI imposes restrictions on PMC bank; depositors under panic

New Delhi: Tension is running high among the depositors of Punjab and Maharashtra Cooperative Bank(PMC Bank) after Reserve Bank of India restricted withdrawal of funds from their accounts, due to some irregularities committed by the bank.