Page 4 - Pmc Bank

Centrum-BharatPe, Liberty group in race for beleaguered PMC Bank

Deal could mark the entry of corporates into UCBs

Curbs on PMC Bank extended by 3 months, lender gets four revival proposals

The bank had invited EoIs from eligible investors for investment/equity participation for its reconstruction

Initial response looks 'positive' for PMC Bank resolution: RBI Governor

The last date for submission of EoI by potential investors is December 15.

PMC Bank: Auditor arrested in scam of over Rs 4000-crore seeks bail

A bank auditor arrested in connection with the over Rs 4000-crore PMC Bank scam moved a bail application in the sessions court

PMC Bank trying to use the escape hatch used by tiny cooperative banks

But with a deposit base of more than Rs 11,600 crore, PMC is not a small cooperative bank and has therefore attracted public attention

Scam-hit PMC Bank invites EoI from potential investors for reconstruction

Fraud-hit Punjab and Maharashtra Cooperative Bank on Tuesday invited expression of interest (EoI) from potential investors for investment or equity participation in the bank for its reconstruction

A 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.

RBI appoints new administrator of PMC Bank; no revival plan for bank as yet

The present administrator, JB Bhoria, stepped down from his role as the administrator of the bank due to health reasons

PMC Bank fraud case: ED attaches three hotels worth Rs 100 cr in Delhi

The three hotels have been identified by the agency as the Fab Hotels group and are located in Kailash Colony, East of Kailash and Kalkaji areas of the national capital

Fraud-hit PMC approaches other banks for possible merger: Administrator

PMC has "tried to engage with the major banks of the country to request for a merger", the bank's administrator said in a Sept 10 filing at the Delhi High Court

No funds available: Depositors at PMC Bank survive on loans, charity

The Reserve Bank of India took control of PMC last September after it was accused of fraud and concealing non-performing loans

'Bottom of the pyramid' prove to be the best customers for SFBs

At Business Standard's 'Unlock BFSI 2.0,' top SFB chiefs seemed very comfortable even when over 90% of their loan books froze into moratorium in March; By July, moratorium loans halved for most

Valuation drop, legal complications likely to hit HDIL's sale prospects

Suitors may prefer individual projects while bidding

Plea to release Rs 5L to PMC bank depositors; HC seeks Centre, RBI stand

PMC Bank has been put under restrictions by the RBI, following the unearthing of a Rs 4,355-crore scam

PMC bank scam: Wadhawans bail rejected, offence grave says court

The Wadhawan duo are accused in the multi-crore rupee Punjab & Maharashtra Cooperative (PMC) Bank scam case.

Statsguru: A look at the performance of UCBs as RBI gets more control

Following the Punjab and Maharashtra Co-operative Bank crisis, there has been a growing call to give more teeth to RBI in regulating such banks

RBI can frame revival plan for all banks without imposing moratorium

The RBI has to impose restrictions on lending and withdrawal activities before it can frame a revival scheme for commercial and co-operative banks, according to the previous law

Just the first step

Co-operative banks need intervention at multiple levels

Letter to BS: Bringing co-operative banks under RBI will be tough

This view gains more prominence in the wake of the apprehensions expressed by some fi­nance industry experts about the efficacy of the RBI's extant supervisory bandwidth

RBI raises PMC Bank withdrawal limit to Rs 1 lakh from Rs 50,000 earlier

With this 84% of the bank's depositors will be able to withdraw their entire money deposited with it